New World Resources Identifies New Antler Targets
THE DRILL SERGEANT: New World Resources (ASX: NWC) recently completed a surface geochemistry sampling program along strike from the company’s 100 per cent-owned Antler copper deposit in northern Arizona, USA.
The soil sampling program covered along-strike extensions of the geological sequence that hosts the Antler deposit with approximately 390 samples collected.
Three very-high priority anomalies have been delineated from the sampling the first being a strong soil anomalism directly over, and to the south of, the Antler deposit, another named the Antler Offset soil anomaly and a third called the Copper Knob soil anomaly.
Several additional anomalies of interest have also been delineated, over several of which, and those mentioned above the company has carried out initial field reconnaissance.
Further field checking, mapping and sampling will be undertaken at all of these targets over the coming months.
“Geologically, where there is one VMS deposit – such as Antler – there are often two, and sometimes more, all in close proximity to each other,” New World Resources managing director and CEO Mike Haynes said in the company’s ASX announcement.
“In light of this, we are very excited to have received very encouraging results from first-pass soil geochemistry sampling that covered more than six kilometres of the strike extensions of the geological sequence that hosts the Antler deposit.
“The Scoping Study we completed recently clearly demonstrated that considerable value could be generated by discovering and mining additional mineralisation and processing it through the stand-alone facility that we are targeting building.
“Extending the operation’s life and/or increasing production rates could therefore make the project’s economics look even more attractive.
“So, to be delineating new, high-quality exploration targets, from our very first phase of exploration work along strike from the Antler deposit, is very encouraging.
“We have engaged a geophysical contractor to conduct IP surveying over these targets as soon as possible, in advance of initial drill-testing, which we plan to undertake later this year.”
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