THE DRILL SERGEANT: New World Resources (ASX: NWC) reported assay results for portions of the first three holes of a maiden drilling program at the company’s Antler copper deposit in Arizona, USA.
New World Resources described, “mineable thicknesses of very‐high grade mineralisation” to have been encountered in all three holes.
3.93 metres at 4.18 per cent copper, 11.13 per cent zinc, 0.56 per cent lead, 34.4 grams per tonne silver and 0.52g/t gold from 112.5m (3.93m at 7.5% copper equivalent from 112.5m);
5.45m at 2.49 per cent copper, 11.83 per cent zinc, 0.94 per cent lead and 31.6g/t silver from 193.5m (5.45m at 6.3% copper equivalent from 193.5m); and
5.15m at 1.13 per cent copper, 8.53 per cent zinc, 1.07 per cent lead and 39.6g/t silver from 308.3m, and 0.55m at 0.96 per cent copper, 8.34 per cent zinc, 0.09 per cent lead and 6.47g/t silver from 346.25m (5.15m at 4.1% copper equivalent from 308.3m and 0.55m at 3.6% copper equivalent from 346.25m).
“This is an excellent start to our first‐ever drill campaign at Antler,” New World Resources managing director Mike Haynes said in the company’s announcement to the Australian Securities Exchange.
“The first three holes have all returned significant widths of exceptionally high‐grade massive sulphide mineralisation, confirming the zone of unmined mineralisation so far over a vertical distance of more than 150 metres.
“The intercept in the third hole also confirms the mineralisation extends from surface to greater than 250 metres depth, providing considerable encouragement for our ongoing exploration and evaluation of this exciting project.
“We are looking forward to receiving the balance of the assays from this initial phase of drilling and resuming drilling operations in the near‐term.”
New World indicated it has, to date, completed six holes of the maiden drilling program at the Antler project, explaining that drilling operations were suspended recently to address the increasing threat the COVID‐19 virus.
When operations resume, the company declared its immediate objective will be to complete sufficient drilling to facilitate the delineation of a JORC‐Code Indicated Resource estimate.
It is expected the receipt of assay results for the initial six drill holes during this time will assist in planning further drilling.