New World Resources' latest drilling success

New World Resources (ASX:NWC) has announced outstanding results from its recent drilling at the Antler Copper Project in Arizona. A notable intercept of 10.15 meters at 10.8% copper-equivalent was recorded. This discovery is expected to enhance the mineral resource in the area and includes a new mineralized zone, suggesting further expansion opportunities.

Overview and future plans

New World Resources has achieved significant progress at its Antler Copper Project, with high-grade mineralization from recent drilling activities. The discovery of a new mineralized zone offers potential for resource expansion. The company is planning further exploration, including an IP survey at the Pinafore Deposit, and is conducting Reserve definition drilling to bolster confidence in its mining inventory. New World Resources aims to advance its projects in a favorable market for copper and zinc, with ongoing efforts to secure permits and complete a Definitive Feasibility Study.

Executive commentary on drilling results

The high quality and endowment of the Antler Deposit are emphasized as the company advances the project towards production. The discovery of a new mineralized lens close to planned underground mine workings presents significant opportunities for resource growth.