New World Resource Corp.

New World Resource Corp.

February 15, 2012 09:00 ET

New World Drilling Advances High-Grade Copper-Gold Model at Lipena and Near-Surface Gold Zone at La Mosa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2012) - New World Resource Corp. ("New World" or the "Company") (TSX VENTURE:NW)(FRANKFURT:NWU) wishes to announce the last five holes of the diamond drill program at the Lipeña/Bonete copper-gold project, in southern Bolivia. These five holes total 1,445 metres and represent the final holes in the recently completed 3,954.5 metre drill program.


  • Drill hole 11DLP065 intersects high-grade mineralization at the Lipeña zone with 121.6 metres of 2.0 grams per tonne ("g/t") gold ("Au"), 1.28% copper ("Cu"), including 34.2 metres of 3.89 g/t Au and 3.33% Cu.
  • La Mosa drill hole 11DLP069 drilled under the previously reported near-surface gold mineralization (reported January 20, 2012), includes 56.4 metres of 1.13 g/t Au.

Significant Intercepts

Zones Hole From
Lipeña 11DLP065 226.77 348.40 121.63 2.00 14.07 1.28
including 236.77 271.00 34.23 3.89 32.04 3.33
11DLP066 313.73 379.14 65.41 0.69 1.70 0.16
including 371.63 379.14 7.51 2.35 2.48 0.08
La Mosa 11DLP067 197.50 227.50 30.00 0.16 6.20 0.21
11DLP068 2.50 5.00 2.50 2.72 2.60 0.04
11DLP069 78.85 159.42 80.57 0.92 0.92 0.27
including 103.00 159.42 56.42 1.13 1.13 0.34

Drill Results

The program was designed to confirm and extend the previously reported National Instrument 43-101 ("NI 43-101") resource estimate (reported October 15, 2008) outlined within the original Lipeña property.

The three main zones of hydrothermal magmatic breccias, have been named: Lipeña, Central, and La Mosa, trending southwest to northeast and covers over a kilometre of strike length. Drill holes 11DLP064 (azimuth of 200° and a dip of -60°) (reported January 20, 2012), 11DLP065 (azimuth 95° / dip -50°) and 11DLP066 (azimuth 98° / dip -57°) were drilled from the same drill set up. These holes were designed to test and confirm the structural complexities recently encountered, and to give a dimensional width to the Lipeña zone mineralization.

Drill holes 11DLP067 (azimuth 360° / dip -90°) and 11DLP068 (azimuth 360° / dip -90°) tested subtle geophysical anomalies and are located approximately 160 and 80 metres, respectively west of previously reported drill hole 11DLP062 (reported January 20, 2012), of the La Mosa zone. These holes west of La Mosa returned anomalous gold values and are considered of interest due to the fact that they show the mineralized system continues and is larger than previously known. Drill hole 11DLP069 (azimuth 270 / dip -45°) was drilled on an angle underneath the near surface gold mineralization intersected in hole 11DLP062 (reported January 20, 2012) of 39.4 metres of 3.2 g/t Au from 12.8 to 52.2 metres. Additional drilling is required at La Mosa to fully realize the potential near surface gold mineralization.

Future Plans

New World will continue to explore for the porphyry source of this magmatic quartz-tourmaline breccia system at Lipeña. Currently a geological team is conducting a detailed mapping and prospecting program with a focus on alteration types, structures, and porphyry style mineralization within the identified zones and the underexplored encompassing Bonete concession. These geological and geochemical studies will be applied in conjunction with one or more geophysical surveys with the goal to focus on porphyry drill targets.

The Company continues to discuss future plans with Lipeña partner, Luis Mercado, President of EMUSA (a leading Bolivian mining company) to advance development work at Lipeña. Metallurgical studies are now underway and these studies will add to the understanding of the economic potential of the Lipeña/Bonete copper-gold project.

The La Mosa zone remains highly prospective and additional drilling is required to delineate the extent of the near surface gold mineralization.

Quality Control and Assurance

Exploration work on the Lipeña-Bonete project is under the supervision of Joan McCorquodale, P.Geo, the Company's Vice President, Exploration, who is a "qualified person", as defined in NI 43-101, and is responsible for the preparation of the technical information contained in this news release.

The intra-lab standards, blanks and replicates were augmented by unmarked blanks, replicates and by aliquots of three geological standards acquired by New World. Unmarked checks (standards, blanks and duplicates) were inserted into the numbered sample sequence, and represents approximately 5% of the total samples. Under the supervision of the project geologist, sample bags were sealed and stored, pending secured transport for analysis. All drill core samples were submitted to an ALS Minerals Ltd. preparatory laboratory (Oruro Minerals Lab) located in Oruro, Bolivia where they were crushed, split and pulverized. ALS Minerals then shipped the pulps to their analytical laboratory (Lima Minerals Lab) located in Lima, Peru where the samples underwent a four acid digestion followed by analysis of 33 elements using an ICP mass spectrometer, gold was fire assayed from a 50 gram pulp sample with an atomic absorption finish. The Lima preparatory and analytical laboratories are accredited ISO 9001: 2008 and ISO 17025. The Bolivia preparatory laboratory does not have any certification.

About New World

New World Resource Corp. is a Canadian based mining exploration company focused on building a strong, diversified project portfolio within the Americas. The Company's projects include the Lipeña/Bonete copper-gold project and the Pastos Grandes lithium brine project in Bolivia.


John Lando, President

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, statements regarding the extent and timing of its exploration programs, exploration program budgets and exploration results. This forward-looking information is given as of the date of this news release. Users of forward-looking information are cautioned that actual results may vary from the forward-looking information contained herein. While the Company has based this forward-looking information on its expectations about future events as at the date that such information was prepared, the information is not a guarantee of the Company's future performance and is subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Such factors and assumptions include, amongst others, the effects of general economic conditions, the price of lithium, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are also known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Known risk factors include, among others, risks relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Bolivia; potential defects in title to the properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company is under no obligation to update or alter any forward-looking information except as required under applicable securities laws.


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