Thicker, richer copper as drilling deepens at New World’s Antler project
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Drilling has returned impressive copper assays, providing further evidence that thick, high-grade mineralisation is widespread at New World’s Antler project.
High-grade mineralisation was intersected in each of eight new holes for which assays were received, with the company noting that both the grade and thickness of mineralisation appears to improve with depth at both the Main and South shoots.
Notable results include the deepest hole (ANT56) at the South Shoot returned a 17.1m interval grading 3.3 per cent copper, 9.5 per cent zinc, 1.2 per cent lead, 34.8 grams per tonne (g/t) silver and 0.16gt gold (5.5 per cent copper equivalent) from a depth of 396.2m.
Another hole at South Shoot hit a 11.1m intersection at 4.4 per cent copper, 9.7 per cent zinc, 0.5 per cent lead, 29.6g/t silver and 0.26g/t gold (6.4 per cent copper equivalent) in ANT47, about 250m updip of ANT56.
New World Resources (ASX:NWC) added that ANT53 – the deepest hole it has drilled to date at the Main Shoot – has intersected two zones of mineralisation of 14.3m at 3.8 per cent copper equivalent from a depth of 614m and 5m at 2.7 per cent copper equivalent from 639.3m.
Assays are also pending for 13 additional completed drill holes.
“It is very pleasing that our latest assays have confirmed that substantial thicknesses of very high-grade mineralisation are present in the recently discovered South Shoot at the Antler Copper Project,” managing director Mike Haynes said.
“And impressive assays continue to be returned from the Main Shoot – including from the deepest hole the company has drilled to date – which has intersected more than 19m of high-grade mineralisation approximately 465m down-plunge from the historical stopes.
“These exceptional grades and thicknesses should enhance the economics of developing the project.”
Haynes added that these results meant Antler’s exploration potential remained compelling and the company was now seeking a third rig to accelerate the project’s development.
The drilling has increased the down-dip extent of the South Shoot to about 300m with potential for further growth given that it remains open at depth.
Over at the Main Shoot, high-grade mineralisation has now been continuously intersected over 630m down-plunge from the outcropping mineralisation at surface and more than 465m down-plunge from the deepest historical stopes at the Antler Deposit. The mineralisation here remains open at depth too.
Additionally, hole ANT43 – drilled to extend mineralisation to the north of the Main Shoot – also returned shallower intersections of 5.6m at 4 per cent copper equivalent from a depth of 325.3m and 1.8m at 5.8 per cent copper equivalent from 335.8m.
New World noted that further drilling to delineate the depth extensions of both the Main and South Shoots is being scheduled.
This article was developed in collaboration with New World Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.