Why the New World Resources (ASX:NWC) share price is soaring 8%

New World Resources Ltd (ASX: NWC) shares are flying this morning after the company announced it has found a ‘massive’ copper-zinc deposit. As of writing, the New World share price has leapt 8.3% to 6.3 cents.

In earlier trade, the company’s shares rallied as high as 6.8 cents to hit a new, 52-week high before partially retreating. In comparison, the S&P/ASX All Ordinaries Index is up 0.99%.

Let’s take a closer look at what the mining company announced.

What did New World announce?

The New World Resources share price is on the rise after the miner declared it has found “new deep massive sulphide intercepts” at its Antler Copper…