New World Resources has reported assay results from recent drilling at its Antler and Javelin Copper Projects in Arizona, USA.
Six holes revealed high-grade copper mineralisation, confirming the projects' robust potential.
Assay results disclosed significant grades, including 8.0m at 8.3% Cu-equivalent in ANT134 and 2.5m at 11.8% Cu-equivalent in ANT131 at the Antler Copper Deposit.
Similar high-grade mineralisation was intersected at the Pinafore Deposit within the Javelin Project, such as 7.4m at 2.7% Cu-equivalent in JAV013.
"These very high grades are a primary reason why we are advancing Antler to production as quickly as practicable," stated Mike Haynes, managing director and CEO of New World Resources.
"In almost any copper price environment, mining ore at those grades makes money," Haynes added.
Two rigs are currently operational at Antler, aiming to expand the existing 11.4Mt Mineral Resource base and delineate the ore reserves further.
Additionally, an induced polarisation survey scheduled for September will guide further drilling at the Pinafore Deposit.
New World Resources remains committed to progressing its projects and targeting high-grade copper prospects, reinforcing its position as a potential low-cost producer in the global copper market.
New World Resources is a mineral exploration company focused on the exploration and development of mineral resources projects in North America. Its project includes the Antler Copper Project.
At the time of reporting, New World Resources’ share price was $0.018.