New high-grade drilling results from Antler Copper Deposit

New World Resources Limited (ASX: $NWC) has announced exceptional high-grade assay results from a hydrogeological drilling program completed in late-2023, reinforcing the robustness of the resource block model for the Company's 100%-owned Antler Copper Deposit in Arizona, USA.

Executive Commentary on High-Grade Drilling Results

It is pleasing that the assays received from recent holes, drilled within the current envelope of the resource block model for the Antler Deposit, have returned outstanding thicknesses and grades of mineralisation, very much in line with expectations. While these holes were drilled for hydrogeological purposes, in due course the additional geological and assay data will help us upgrade the confidence level (and classification) of the parts of the Resource that these holes intersected. The results reinforce the exceptional grade and endowment of the deposit. Those holes are now being used to obtain baseline hydrogeological information that is a crucial component of developing a mine at Antler.

Summary of High-Grade Drilling Results

New World Resources (ASX: $NWC) has reported very high-grade mineralisation intersected during recent hydrogeological drilling at the Antler Copper Deposit in Arizona, USA. The exceptional thicknesses and grades of mineralisation from the assay results further reinforce the robustness of the resource block model and are expected to enhance the classification of certain parts of the JORC Mineral Resource. The Company's Managing Director, Mike Haynes, expressed satisfaction with the results, highlighting their alignment with expectations and the potential to upgrade the confidence level and classification of the Resource. The ongoing baseline environmental program, including the hydrogeological drilling, is a crucial component of the mine permit approval process and the development of a mine at Antler. The additional data from these drilling activities is anticipated to be incorporated into an updated resource block model, facilitating the upgrade of the confidence level and classification of relevant parts of the Mineral Resource.