THE DRILL SERGEANT: New World Resources (ASX: NWC) reported on high-grade assay results achieved via a hydrogeological drilling program completed in late-2023 at the company’s 100 per cent-owned Antler copper deposit in Arizona, USA.
New World Resources explained the hydrogeological drilling was undertaken as part of an ongoing baseline environmental program that is an integral part of the mine permit approval process.
In 2023 New World completed five diamond drill holes and installed six additional groundwater monitoring wells for hydrogeological purposes at the Antler copper deposit.
The drilling went according to plan with four of the five diamond drill holes intersecting the Antler deposit encountering high-grade mineralisation returning assay results of:
ANT0122
33.9 metres (estimated true width [ETW] 17m) at 3.2 per cent copper, 12.4 per cent zinc, 2.6 per cent lead, 85.1 grams per tonne silver and 0.36g/t gold (33.9m at 6.9 per cent copper-equivalent);
ANT0123
3.4m (ETW 2.5m) at 4.6 per cent copper, 7.7 per cent zinc, 1.1 per cent lead, 42.1g/t silver and 0.26g/t gold (3.4m at 6.5 per cent copper-equivalent);
ANT0118
2.2m (ETW 1.7m) at 4.2 per cent copper, 8.0 per cent zinc, 0.3 per cent lead, 33.6g/t silver and 0.17g/t gold (2.2m at 6.0 per cent copper-equivalent); and
ANT0120
6.7m (ETW 4.7m) at 0.8 per cent copper, 2.5 per cent zinc, 0.4 per cent lead, 12.5g/t silver and 0.12g/t gold (6.7m at 1.6 per cent copper-equivalent).
“It is pleasing that the assays received from recent holes, drilled within the current envelope of the resource block model for the Antler deposit, have returned outstanding thicknesses and grades of mineralisation, very much in line with expectations,” New World Resources managing director Mike Haynes said in the company’s ASX announcement.
“While these holes were drilled for hydrogeological purposes, in due course the additional geological and assay data will help us upgrade the confidence level (and classification) of the parts of the Resource that these holes intersected.
“The results reinforce the exceptional grade and endowment of the deposit.
“Those holes are now being used to obtain baseline hydrogeological information that is a crucial component of developing a mine at Antler.”
