NWC 3.45% 2.8¢ new world resources limited

From the quarterly activities report:-Thick, high-grade...

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    From the quarterly activities report:-

    Thick, high-grade mineralisation in the “Main Shoot”:
    • Now intersected >450m down-plunge from the historical stopes and >600m downplunge from outcropping mineralisation at surface;
    Appears to be improving with depth (both grade and thickness); and
    Remains completely open at depth.

    "" Drilling along strike to the south of the “Main Shoot” has delineated a second shoot of thick, high-grade mineralisation – the “South Shoot” (and)
    "the intersection of >17 metres of predominantly massive and semi-massive sulphide
    mineralisation in ANTDD202156 (assays pending) ~130m down-dip from
    ANTRCDD202026 – the first hole drilled into this newly discovered shoot in late 2020;
    and
    • The intersection of a well-mineralised 11m-thick interval in ANTRCDD202147,
    ~60m up-dip from ANTDD202026 (assays pending)."

    I also like "
     Mineralisation in the “South Shoot”:
    • Has now been defined to have a down-dip extent of ~250m;
    Remains completely open at depth; and
    • Also appears to be improving with depth.
     CSAMT ground geophysics surveying defined strong anomalies coincident with the “Main Shoot” and the “South
    Shoot”:
    • The strong CSAMT anomalism also extends into an underexplored >300m-long area immediately south of
    the “South Shoot” – comprising a new very high-priority exploration target.
    • One drill rig has already been redeployed to commence evaluation of this target.
     Assays pending for eighteen completed drill holes.
     Two diamond core rigs continuing to drill.


    and from the quarterly cashflow report:-

    Cash and cash equivalents at end of
    period $7.996m

    Estimated quarters of funding available
    2.51 quarters
 
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