New World Resources Encounters Further Thick Intersections at Antler Copper Deposit

THE DRILL SERGEANT: New World Resources (ASX: NWC) released assay results for the final three of six diamond core holes of its maiden drilling program at the company’s Antler copper deposit in Arizona, USA.

New World Resources reported multiple zones of thick, high‐grade mineralisation were intersected in all three of these holes.

Notable intersections include:

1.79 metres at 0.91 per cent copper, 4.51 per cent zinc, 0.62 per cent lead, 11.9 grams per tonne silver and 0.06g/t gold from 152.5m (1.79m at 2.4 per cent copper equivalent);

2.96m at 1.3 per cent copper, 6.24 per cent zinc, 0.09 per cent lead, 5.73g/t silver and 0.06g/t gold from 157.16m (2.96m at 3.2 per cent copper equivalent); and

0.67m at 0.84 per cent copper, 5.86 per cent zinc, 1.07 per cent lead, 16.3g/t silver and 0.13g/t gold from 175.63m (0.67m at 2.9 per cent copper equivalent)

8.9m at 2.62 per cent copper, 6.22 per cent zinc, 0.64 per cent lead, 28g/t silver and 0.3g/t gold from 197.96m (8.9m at 4.5 per cent copper equivalent); and

1.32m at 5.73 per cent copper, 3.67 per cent zinc, 0.25 per cent lead, 37.6g/t silver and 0.38g/t gold from 209.45m (1.32m at 6.3 per cent copper equivalent)

0.77m at 0.21 per cent copper, 3.07 per cent zinc, 0.21 per cent lead, 2.1g/t silver and 0.01g/t gold from 62.72m (0.77m at 1.2 per cent copper equivalent); and

13.25m at 3.45 per cent copper, 5.2 per cent zinc, 0.36 per cent lead, 25g/t silver and 0.41g/t gold from 128.32m (13.25m at 4.8 per cent copper equivalent).

“These terrific results round out what has been a highly successful initial phase of drilling at Antler that has well and truly exceeded our initial expectations,” New World Resources managing director Mike Haynes said in the company’s announcement to the Australian Securities Exchange.

“The 13.25 metres intercept in our sixth hole is the thickest zone of mineralisation ever reported from the deposit.

“And it’s shallow – within 100 metres of surface and only metres from the existing mine shaft.

“There’s obviously a lot of unmined, high‐grade mineralisation remaining and we will continue to expedite work programs aimed at determining how much of that there is.

“With drilling scheduled to resume in the first week of June and geophysical surveys and metallurgical testwork underway, we continue to advance many work streams in parallel so we can complete a Pre‐Feasibility Study by the end of 2020.”