Assays from portions of the first three diamond drill holes at New World Resources’ (ASX: NWC) Antler copper project in Arizona have revealed “very” high-grade mineralisation is present.
Mineralisation was present in all three holes with initial assays returning 5.45m at 2.49% copper, 11.89% zinc, 0.94% lead and 31.6 grams per tonne silver from 193.5m; 3.93m at 4.18% copper, 11.13% zinc, 0.56% lead, 34.4g/t silver and 0.52g/t gold from 112.5m; and 5.15m at 1.13% copper, 8.53% zinc, 1.07% lead and 39.6g/t silver from 308.3m.
“This is an excellent start to our first-ever drill campaign at Antler,” New World managing director Mike Haynes said.
“The first three holes have all returned significant widths of exceptionally high-grade massive sulphide mineralisation, confirming the zone of unmined mineralisation so far over a vertical distance of more than 150m.”
Mr Haynes added the third drill hole confirmed mineralisation extends from surface to a depth of more than 250m.
“We are looking forward to receiving the balance of the assays from this initial phase of drilling and resuming drilling operations in the near-term,” he said.
The next assay batch is due in May and will be from a further three holes that also intersected “considerable widths” of massive sulphide mineralisation.
New World has completed six holes for 1,252m as part of its maiden 2,500m drilling program at Antler.
Drilling was suspended as a result of COVID-19 restrictions and the increasing threat the virus posed to the company’s site-based employees and contractors.
Antler plans to resume the drilling program in about six weeks’ time subject to COVID-19 related risks subsiding.
Antler copper mine
Formerly known as New World Cobalt, New World announced it was acquiring Antler back in January this year.
The project has a historic resource of 4.66Mt at 1.95% copper, 4.13% zinc, 0.94% lead and 35.9g/t silver.
Within the project is the former Antler mine that operated between 1946 and 1970 producing 70,000t of high-grade ore.
New World’s strategy at Antler is to fast-track resumption of mining at the historic deposit.