THE DRILL SERGEANT: New World Resources (ASX: NWC) reported delineation of a coincident IP chargeability/magnetic anomaly directly along strike from the company’s Antler copper deposit in Arizona, USA.
New World Resources identified the Bullhorn target via a drone magnetic survey and a ground Induced Polarisation (IP) survey over its 2023 acquisition of 1,000 acres of mineral rights along strike from the 11.4 million tonnes Antler copper deposit.
The company explained magnetic and IP anomalies of 400 metres length were revealed by the survey to be in the same geological sequence of metavolcanics that hosts the Antler copper deposit – which is a volcanogenic massive sulphide (VMS) deposit.
New World consider Bullhorn as a very-high priority target that warrants immediate drilling.
“The delineation of a 400m-long coincident magnetic/IP anomaly – our new Bullhorn Target – just 350m along strike from the Antler copper deposit, is a very exciting development,” New World Resources managing director Mike Haynes said in the company’s ASX announcement.
“Bullhorn has many similarities to the Antler deposit.
“And given that VMS deposits typically occur in clusters, this undrilled target – which is located in the same geological sequence as the Antler deposit – represents an exceptional opportunity to make a new discovery in the near-mine environment.
“We are very fortunate to have so many quality exploration targets to test.
“In order to expedite our exploration efforts, we intend mobilising a second drill rig as quickly as possible – so we can continue to test our other high-priority targets while also commencing testing of the very high-priority Bullhorn target.”
So Bullhorn is pretty much just an extension of Antler??????
Lets see what the drilling reveals.
