New World Resources Expands Copper Drilling Program In Arizona

New World Resources Ltd (ASX: NWC) has added a third rig for drilling within its key copper project areas in northern Arizona, USA.

The company now has two diamond core rigs drilling at its high-grade Antler Copper Project and a third rig drilling 75km away at its Javelin VMS Project.

Antler drilling

The Antler Deposit currently comprises a resource of 11.4 million tonnes at 4.1% copper-equivalent.

Prior to March 2024, 100% of New World’s drilling at the Antler Copper Project had been constrained to 700m of strike at the Antler Copper Deposit itself, where the mineralisation remains open both along strike and at depth.

New World has delineated 11+ high-priority exploration targets directly along strike from the Antler Deposit, where there is considerable potential to discover additional volcanogenic massive sulphide (VMS) mineralisation, similar to that at Antler.

In March, New World started a drilling program to evaluate these targets. The arrival of a second drill rig will help accelerate this exploration program.

Drilling at Javelin VMS Project

As New World aims to construct a processing plant at the Antler Project, there is also an opportunity to mine ore from “satellite” VMS deposits and truck this ore to the Antler Project for processing.

Accordingly, over the past 24 months, New World has secured a 100% interest in >5,000 acres of mineral rights that now comprise the Javelin VMS Project.

The company started its inaugural drilling program at the Javelin VMS Project in January 2024.

Robust economics

New World Managing Director Mike Haynes said: “We’re now well underway with an accelerated drilling program to test our pipeline of targets, with the aim of rapidly expanding the 11.4Mt high-grade Resource base we’ve already defined at an impressive grade of 4.1% copper-equivalent.

 “Any new discoveries should further enhance the already very robust economics of developing a new mine and processing centre at Antler.”

  

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