New World Resources Commences Antler Drilling

THE DRILL SERGEANT: New World Resources (ASX: NWC) has commenced its first drilling program at the company’s Antler copper deposit in Arizona, USA.

New World Resources indicated the program of diamond core drilling is expected to comprise 12 to 16 holes for approximately 2,500 metres.

The Anlter deposit has a history of production having intermittently yielded around 70,000 tonnes of ore between 1916 and 1970.

Further exploration activity that ended around 1975 defined a non-JORC Code-compliant historical resource estimate for the remaining mineralisation of 4.66 million tonnes at 1.95 per cent copper, 4.13 per cent zinc, 0.94 per cent lead and 35.9 grams per tonne silver.

“The company’s immediate objective is to delineate robust JORC‐Code compliant Indicated Resources that can be used in mining studies to evaluate the potential to bring the Antler deposit back into production in the near‐term,” New World Resources said in its ASX announcement.

The company outlined its priorities for the upcoming drilling to be to carry out appropriate amount of confirmatory drilling within a panel of ‘high‐confidence, high‐grade mineralisation’ that sits immediately below stopes that have previously been drilled and sampled from underground; and in‐fill drill between the more widely spaced and deeper historical holes that indicate there is a thicker, high‐grade ‘plunging shoot’ down‐dip of the previous stopes.

NWC expects the drilling to be completed in 6 to 8 weeks, after which assay results are anticipated to be available approximately 4 to 6 weeks after the completion of each hole.

Representative diamond core will be collected during the drilling program for use in initial metallurgical testwork.