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On December 12th, 2019, New World Cobalt Limited changed its name to New World Resources Limited.
 
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Website: https://newworldres.com/

Presentation 2019: https://newworldres.com/wp-content/...rerroCu-Au-ZnVMSProjectAcquisition11Apr19.pdf

Since mid-2017 New World Resources has been assembling a portfolio of highly prospective mineral resources projects in North America. These assets currently comprise:

Antler Copper Project, Arizona, USA - https://newworldres.com/antler-copper-project/ -


Tererro Copper-Gold-Zinc VMS Project, New Mexico, USA - https://newworldres.com/tererro-copper-gold-zinc-project

Colson Cobalt-Copper Project, Idaho, USA - https://newworldres.com/colson-cobalt-copper-project

The Goodsprings Copper-Cobalt Project, Nevada, USA - https://newworldres.com/goodsprings-copper-cobalt-project

ProjectLocatrionMapApr20.jpg


Collectively these projects comprise a highly prospective portfolio of high-grade projects all located in stable, pro-mining jurisdictions. Small-scale production has been recorded, historically, at all three projects, yet very little modern exploration has been undertaken at any of the projects.

 
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NWC Another entry into my small cap portfolio. I couldn't ignore the strong trend and bought in with a limit order during this pause in upward momentum.

I know it's got too many "irons in the fire" but I think the copper project has the most interest.
 

Dona Ferentes

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New World Resources is looking to raise money to finance drilling and exploration activities at its North America-based projects, looking for $10 million in fresh equity via a placement; broker Canaccord Genuity running the effort.

The shares were being offered to potential investors at 5¢ each, which represented a 10.7 per cent discount to New World's last close and a 9 per cent discount to the 10-day VWAP.

Money raised would go towards resource drilling, metallurgical test-work, mine design and engineering, plus environmental studies. New World is a copper explorer primarily focused on developing the Antler copper project in north-western Arizona.
 

Dona Ferentes

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Early 2020, New World Resources acquired the Antler copper deposit in Arizona.

Antler was discovered in the late 1800s. Sporadic production between 1916 and 1970 totalled around ~70,000 tonnes of ore at a grade around 2.9 per cent copper, 6.9 per cent zinc, 1.1% lead, 31 g/t silver and 0.3 g/t gold. Between 1970 and 1975, after the most recent episode of mining, 19 holes were drilled from the surface and underground to define high-grade mineralisation immediately beneath historical ‘stopes’ that could be rapidly exploited on recommencement of mining operations.

Despite the presence of this sizeable and high-grade resource, mining never resumed, and no further work was undertaken at the project – until New World Resources became involved.

New World believes there is excellent potential to rapidly develop a low OPEX/ low CAPEX mining operation at Antler. The company’s immediate objective is to rapidly delineate a highgrade JORC Resource which can be utilised in mining studies to evaluate the potential to bring the Antler Deposit back into production in the near term.
 
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I would like to acknowledge all the hard work @Dona Ferentes does with his endless posting on so many companies NWC included.
I am in no way trying to take away any of the credit for the research from @Dona Ferentes if NWC features in the April stock pick. But came up in a search for me a couple of days ago.

NWC Chart.png


Thanks
bux
 

Dona Ferentes

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ANTLER COPPER DEPOSIT: OUTSTANDING NEW INTERCEPT OF 25.4m at 5.2% Cu-EQUIVALENT

.... New thick, high-grade results, including from one of the deepest holes yet drilled

"Importantly, it’s also one of the deepest holes we have drilled – and continues to demonstrate improving grade and particularly thickness of the mineralisation as we drill deeper below the historic workings.
“We are also continuing to discover additional thick, high-grade mineralisation with exploratory drilling along strike from the Main Shoot, which continues to expand and add confidence to the resource base.
“With drilling consistently delivering substantial thicknesses of very high-grade mineralisation at Antler, the project is continuing to emerge as one of the highest-grade undeveloped copper deposits globally and a very real near-term development proposition.”
  • Assays pending for 13 additional completed drill holes, with these results expected over the coming weeks.
 

greggles

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Assays pending for 13 additional completed drill holes, with these results expected over the coming weeks.

More assay results news flow coming either this month or next. Looks like there's a lot of mineralisation beneath the dirt there at the Antler Project. The M.D. sounds optimistic (as M.D.'s often do):

New World Managing Director, Mike Haynes, said:

“ANTDD202144 is one of the best holes we have drilled to date at Antler in value terms. Importantly, it’s also one of the deepest holes we have drilled – and continues to demonstrate improving grade and particularly thickness of the mineralisation as we drill deeper below the historic workings.

“We are also continuing to discover additional thick, high-grade mineralisation with exploratory drilling along strike from the Main Shoot, which continues to expand and add confidence to the resource base.

“With drilling consistently delivering substantial thicknesses of very high-grade mineralisation at Antler, the project is continuing to emerge as one of the highest-grade undeveloped copper deposits globally and a very real near-term development proposition.”

Share price has broken through 10c today and looks to go higher if the next round of assay results are anything like these.
 

Dona Ferentes

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New World believes there is excellent potential to rapidly develop a low OPEX/ low CAPEX mining operation at Antler. The company’s immediate objective is to rapidly delineate a high grade JORC Resource which can be utilised in mining studies to evaluate the potential to bring the Antler Deposit back into production in the near term.
at the end of last Q, there is still $9M in cash, after raising $10M from institutions etc in Dec; spending is in the two's. This bodes will for the company NOT to go to market just yet. Which could be a pleasant surprise. But who knows?
 

kennas

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Continued to move since those very impressive Cu + results. Might be on to something.

MD seems to be ramping it a bit:

“With drilling consistently delivering substantial thicknesses of very high-grade mineralisation at Antler, the project is continuing to emerge as one of the highest-grade undeveloped copper deposits globally and a very real near-term development proposition.”

Screen Shot 2021-04-09 at 10.51.37 am.png
 

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