Announcement Date: 2022-09-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: New World Resources Ltd.
Project name: Antler
Location: United States
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 21.3m at 3.30% Cu, 4.40% Zn, 1.40% Pb, 64.80g/t Ag, 0.72g/t Au from 1057.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: New World Resources Limited (“NWC”, “New World” or the “Company”) is pleased to announce that significant assay results have been returned from three deep exploration holes drilled recently to test for extensions of the “Main Shoot” at its 100%-owned Antler Copper Deposit in northern Arizona, USA (“the Antler Project”; see Figure 1 and Tables 1 and 2). Drilling to Test for the Depth Extensions of the Main Shoot The Main Shoot comprises a steeply plunging zone of thicker, very high-grade mineralisation that the Company has discovered over the past two years, since it started exploring for extensions of the mineralisation below the historical underground workings at Antler, which were most recently operational in 1970. All three holes intersected thick, high-grade mineralisation. The best results were returned from the deepest hole drilled at the Project to date – from which significant results included These results extend the depth of known mineralisation by a further 150m (from previously announced results, from ANT94AW1 which intersected 18.2m @ 2.0% Cu, 3.4% Zn, 0.9% Pb, 30.8 g/t Ag and 0.20 g/t Au or 18.2m @ 3.4% Cuequivalent) – thereby increasing the down-dip extent of the Antler Copper Deposit to more than 1,000 metres. The mineralisation remains completely open at depth, and extensional drilling continues. “Sterilisation” Drilling Assays have been returned from three very shallow holes drilled recently to “sterilise” shallow levels below and around the site the Company anticipates using for the crushing and processing plant (drill holes ANT101, ANT105 and ANT106).
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