New World Resources (ASX:NWC) reports it has recorded its ‘best ever’ assay results from a single drillhole at the Antler copper deposit in Northern Arizona, together with assay results for other holes designed to test depth extensions.
The company reports ‘exceptional’ results have been return from ANT94W3, with this hole confirming it intersected 2 ‘thick very high-grade’ intervals of mineralisation (separated by 4m of unmineralised material) with results including 10.8m @ 2% Cu, 6.7% Zn, 0.7% Pb, 22.6g/t Ag and 0.20m Au from 934m, and 15.9m @ 4.8% Cu, 10.9% Zn, 0.8% Pb, 42.6g/t Ag and 0.52m Au from 948.8m.
On a grade-thickness basis, these are the best assay results returned yet from a single drillhole at the Antler deposit.
The company also reports these results increase the down-dip extent of the ‘thick, high-grade’ South Shoot to over 900m with mineralisation remaining completely open at depth as further extensional drilling continues.
Other assay results from holes drilled to test the extensions of the South Shoot included 4.1m @ 2.2% Cu, 1.1% Zn, 2.3% Pb, 59.7g/t Ag and 0.28m Au from 853.6m in ANT109.
The results from this hole indicate that the ‘thick, high-grade’ mineralisation that makes up the South Shoot may be extending to the south as well as at depth with further drilling required to confirm this.
New World also reports assay results have been received for 2 holes (ANT107 and ANT107W1) drilled to begin to test for the extensions of what had been interpreted to be a possible third shoot of ‘thicker high-grade’ mineralisation at the southern end of the deposit.
The company reports both holes intersected ‘considerable’ faulted material at the target depths, with only ‘thin’ mineralisation present.
Further deep drilling will be undertaken in the future below these holes, particularly in line with the ‘encouraging’ results returned from ANT109.
New World Managing Director and CEO Mike Haynes said over the past 2 years the company has drilled some cracking holes at Antler.
“On a grade-thickness basis, this is the best yet”
“On a grade-thickness basis, this is the best yet. The deepest hole drilled to date to test the South Shoot, ANT94W3, has intersected almost 14m of true, uninterrupted, massive sulphides… and the drill core looks spectacular.
Now the assay results have exceeded expectations, 26.8m @ 7% Cu-equivalent is an exceptional result. This is very exciting, particularly as this is extensional drilling, with very large step-outs.
With thick and very high-grade mineralisation intersected in the deepest holes drilled at both the Main Shoot and the South Shoot, we can’t wait to see what we find below these recent holes.”
New World says resource expansion drilling is continuing, with 2 diamond core rigs currently operating to test for depth extensions of the deposit.
Assays are pending for 4 completed holes, with 2 holes still in progress.
New World Resources is an Australian company focused on the exploration and development of mineral resource projects in North America.
The company’s projects include the Antler Copper Project in Arizona, and the Tererro Copper-Gold-Zinc VMS Project in New Mexico.