New World Resources Extends Drilling to Accelerate Testing of Arizona Targets

THE DRILL SERGEANT: New World Resources (ASX: NWC) has extended the current drilling program at the company’s copper project areas in northern Arizona, USA.

New World Resources now has two diamond core rigs drilling at its high-grade Antler copper project and a third rig drilling 75 kilometres away at its Javelin VMS project.

Up to March 2024, 100 per cent of New World’s drilling at the Antler copper project had been constrained to 700 metres of strike at the Antler copper deposit itself, where mineralisation remains open both along strike and at depth.

The Mineral Resource at the Antler deposit currently comprises: 11.4 million tonnes at 2.1 per cent copper, 5 per cent zinc, 0.9 per cent lead, 32.9 grams per tonne silver and 0.36g/t gold (11.4Mt at 4.1% copper-equivalent).

New World has defined several high-priority exploration targets directly along strike from the Antler Deposit, where the company considers there to be considerable potential to discover additional volcanogenic massive sulphide (VMS) mineralisation, similar to Antler.

“With more than 17 high-priority exploration targets delineated across our high-grade Antler and Javelin Copper Projects in Arizona, we are very pleased to have mobilised a third diamond rig to help accelerate our exploration efforts,” New World Resources managing director Mike Haynes said in the company’s ASX announcement.

“That third rig is now drilling, providing us with two operating rigs at Antler and another at Javelin.

“We’re now well underway with an accelerated drilling program to test our pipeline of targets, with the aim of rapidly expanding the 11.4 million tonnes high-grade Resource base we’ve already defined at an impressive grade of 4.1 per cent copper-equivalent.

“Any new discoveries should further enhance the already very robust economics of developing a new mine and processing centre at Antler.”

New World Resources managing director Mike Haynes at RIU Sydney Resources Round-up

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE