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New World Resource Announces Initial Drilling Results from Lipeña-Bonete Project

New World Resource has reported the drilling results of the initial seven holes drilled at the Lipeña/Bonete project in South Bolivia. The company has drilled 2,509.5 m, totaling seven holes that enclose around 900 m of strike length.

Drilling at La Mosa is assessing the shallow gold mineralization continuously. The company has encountered 3.18 g/t gold over 39.4 m. High-grade mineralization has been cut in the hole 11DLP064 at the Lipeña zone, including 1.56% copper,
2.01 g/t gold and 26.62 g/t silver over 59.16 m. The company has planned to perform primary metallurgical studies.

This drilling program will validate and expand the early estimate of NI 43-101 resource that was defined in the Lipeña property and examine fresh targets present in the Bonete concession.

Central, Lipeña and La Mosa are the three main hydrothermal magmatic breccia zones for the prior drilling works. The company has planned to analyze the 06DLP047 holes’ down dip expansion, located in the Lipeña zone, through the hole 11DLP058. It was not possible for the hole to cut the anticipated zone mineralization because of deposit’s complex nature. Structural complexities of the hole 11DLP058 was validated by the hole 11DLP064, which returned large mineralization. The hole 11DLP064 will define the dimensional thickness to the Lipeña mineralization. The hole 11DLP063 was specially designed for examining the northeast expansion and a geophysical anomaly of the Lipeña zone. This hole has defined the appearance of a mineralization zone. The target of the hole 11DLP060 was to analyze the Lipeña zone’s south expansion and cut a post breccia mineralization.

The hole 11DLP059 focused a major geophysical inverse polarization (IP) chargeability anomaly located in the Central zone. Disseminated pyrite was cut in the hole in different amounts and is the reason for the IP anomaly formation. The company designed the hole 11DLP062 in such a way to validate the morphology and level of the La Mosa mineralization, along with the discovered shallow gold values. Additional results of the five holes are still pending.

Source: http://www.newworldresource.com/

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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