New World Resources accelerates drilling to expand high-grade copper projects

New World Resources Limited (ASX: $NWC) has announced the commencement of a third rig drilling at the Company's key copper project areas in northern Arizona, USA. With two diamond core rigs already drilling at the high-grade Antler Copper Project and a third rig drilling 75km away at the Javelin VMS Project, the primary objectives of the current drilling programs are to expand the Company's Resource base by progressively testing 17+ high-priority exploration targets defined across the two project areas and to undertake Reserve definition drilling as the Company continues to de-risk the Antler Project and advance it towards production.

Executive Commentary on Accelerated Drilling Program

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. 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 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.

Summary of ASX Announcement

New World Resources (ASX: $NWC) has initiated a third rig drilling at its high-grade copper projects in Arizona, USA, with the aim of expanding the Company's Resource base by progressively testing 17+ high-priority exploration targets. The drilling programs also include Reserve definition drilling to de-risk the Antler Project and advance it towards production. The Company's Managing Director, Mike Haynes, highlighted the accelerated drilling program's objective to rapidly expand the 11.4Mt high-grade Resource base already defined at an impressive grade of 4.1% copper-equivalent. New discoveries are expected to further enhance the economics of developing a new mine and processing centre at Antler. Additionally, the Company has secured a 100% interest in >5,000 acres of mineral rights for its Javelin VMS Project and is preparing to commence drill testing at the high-priority Pinafore Deposit. The assay results from the drilling programs are pending and expected in late June/early July, with drilling continuing to further the Company's exploration efforts.