New World Resources (ASX: NWC) has brought in a third rig to commence drilling within the company’s key copper project areas in northern Arizona.
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.
Drilling at the Antler Copper Project
Prior to March 2024, 100% of New World’s drilling at the Antler Copper Project had been constrained to 700m of strike at the historic Antler Copper Deposit itself, where the mineralisation remains open both along strike and at depth. The Mineral Resource at the Antler Deposit currently comprises: 11.4Mt @ 2.1% Cu, 5.0% Zn, 0.9% Pb, 32.9g/t Ag and 0.36g/t Au (11.4Mt @ 4.1% Cu-equivalent)
“With more than 17 high-priority exploration targets delineated across our high-grade Antler and Javelin Copper Projects in Arizona, we are very pleased to have mobilised a third diamond rig to help accelerate our exploration efforts,” Managing Director, Mike Haynes, said.
“That third rig is now drilling, providing us with two operating rigs at Antler and another at Javelin.
“We’re now well underway with an accelerated drilling programme 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.”
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.
