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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:

ANTDD202004
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)

ANTDD202005
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)

ANTDD202006
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.”

 

Email: info@newworldres.com

Web: www.newworldres.com

 

New World Resources Scores Impressive Assay Results From First Antler Drilling

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.

Results include:

ANTDD202001
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);

ANTDD202002
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

ANTDD202003
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.

 

Email: info@newworldres.com

Web: www.newworldres.com

 

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.

 

Email: info@newworldres.com

Web: www.newworldres.com

 

New World Resources Commences Antler Activities

THE DRILL SERGEANT: New World Resources (ASX: NWC) has completed due diligence on the company’s high‐grade Antler copper deposit in Arizona, USA.

New World Resources said the due diligence allows it to commence its maiden field programs on the Antler deposit, on which it executed an agreement in January 2020 providing the right for the company to acquire a 100 per cent interest in the deposit.

New World indicated its immediate objective is to conduct confirmatory and in‐fill drilling at the Antler deposit, within areas where historical drilling has demonstrated mineralisation is present, to rapidly delineate high‐grade, JORC Code‐ compliant Indicated Resources that can be evaluated for near‐term production.

The company believes potential exists to develop a low‐OPEX/low‐CAPEX mining operation in the near‐term, given the deposit’s attributes that include:

High-grades;
Location in a Tier‐1 mining jurisdiction with streamlined permitting protocols;
Good infrastructure;
Past production history; and
Advanced stage of exploration and development.

“After completion of the most recent mining (1970), substantial high-grade mineralisation was delineated immediately below and along strike from the historical workings ahead of the anticipated re‐commencement of production (which never eventuated),” New World Resources said in its ASX announcement.

“The company’s immediate objective is to undertake confirmatory and in‐fill drilling within this known mineralisation to rapidly delineate high‐grade, JORC Code‐ compliant Indicated Resources that can be evaluated for near‐term production.”

New World has already commenced inaugural field programs at Antler that will include an initial 2,500 metres drilling program.

Other activities will involve ground EM surveying to delineate extensional drill targets.

Samples from the drilling will be used for metallurgical testwork and a JORC‐Code compliant resource estimate is expected to rapidly follow the drill program.

 

Email: info@newworldres.com

Web: www.newworldres.com