Announcement Date: 2023-11-13
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: New World Resources Ltd.
Project name: Javelin
Location: United States
Commodities: Gold,Copper,Zinc
Highlight: Exploration program has commenced
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: New World Resources (ASX: NWC; “New World” or the “Company”) is pleased to announce that it has received highly encouraging assay results from initial follow-up work undertaken following completion of an Induced Polarisation (IP) geophysical survey at its Javelin VMS Project in northern Arizona, USA. In July the Company announced that it had delineated a very strong IP chargeability anomaly over an area of 1.2km x 1.0km – the “Discus IP Anomaly” (see NWC’s ASX Announcement dated 31 July 2023). The strong anomalism was evident at the northern end of the surveyed area, on five (of eleven) NW-SE oriented survey lines spaced 200-300m apart (see Figure 1). The source of the anomalism was modelled to be shallowest at the northeastern end, with it progressively deepening towards the southwest (see Figures 2-4).
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