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Location: 237 NW from Phoenix, Arizona, United States
Unit 25, 22 Railway Rd.SubiacoWestern Australia, Australia6008
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The Antler Deposit is a high-grade, polymetallic, volcanogenic massive-sulphide (“VMS”) Cu-Zn-Pb-Ag-Au deposit.Mineralization at the Antler Deposit outcrops at surface over more than 750m of strike and dips west- north-west at about 55 degrees. Mineralization is primarily comprised of pyrrhotite with lesser pyrite and sphalerite, chalcopyrite and galena hosted in volcaniclastic rhyolite schist (the metamorphic equivalent of quartz-biotite gneiss).Mineralization comprises volcaniclastic-hosted massive sulphides (“VMS”). The primarily subseafloor replacement-style VMS mineralisation has been subject to deformation wherein sulphide minerals were remobilized and recrystallized to their present form. Two northward-trending shoots of thickened mineralization, the “Main Shoot” and the “South Shoot”, have been defined by drilling to down dip depths of greater than 1,025m from surface.Copper is the most valuable metal present, but significant revenue will also be derived from zinc, silver, gold and lead.Mineralisation at the Antler Deposit remains open at depth and along strike. Exploration is currently in progress to test for the strike extensions of mineralisation. It is widely accepted that VMS deposits typically occur in clusters. New World has delineated more than 17 high-priority exploration targets (across its Antler and Javelin Projects, which is located 75km to the southeast) where discovery could result in development of satellite deposits. Ore from these areas could be trucked to the Antler Project to extend the life and/or increase the production profile of the operation. This would potentially enhance the economics of developing the Antler Project.Dimensions• The mineralisation has been modelled in wireframes that extend from surface to a down-dip distance of 1,170m.• The apparent mineralised thickness ranges from 0.2m to 41.8m.
