New World Resource Corp.
TSX VENTURE : NW

New World Resource Corp.

September 11, 2007 12:21 ET

New World Resource Corp.: La Negra Sampling Confirms Historical Combined Lead and Zinc Values of More Than 18%

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2007) - New World Resource Corp. (the "Company")(TSX VENTURE:NW) has completed its preliminary review of the La Negra lead-zinc-silver project in central Chile.

Geological mapping and soil and rock chip sampling have identified high-grade polymetallic mineralization, including combined lead and zinc values of more than 18%, in the workings of a Spanish-era mine on the property. A quartz-tourmaline alteration zone, favourable to zinc-lead-silver mineralization is exposed over 40 hectares.

Based on the positive results of this initial review, the Company has claimed an additional 2,750 hectares of land adjacent to the original 1,660 hectare La Negra project area. The Company is proceeding with construction of an access road and a full first-phase exploration program. The La Negra project area now totals 4,410 hectares.

Details of Initial La Negra Exploration

The La Negra project is located 350 kilometres ("km") north of Santiago, Chile and 15 km east-northeast of the mining centre of Combarbala. No modern exploration programs, and only limited mapping and sampling, have been undertaken on the project property.

As part of its due diligence review, the Company completed a two week mapping and sampling program, and collected 165 soil and 167 rock chip samples. An area of 11 km2 was geologically mapped at a scale of 1:10,000.

As part of its initial review, the Company re-sampled the workings of a small Spanish-era mine located on the property to confirm reported historical values. The mine consists of accessible workings on three levels, of which the uppermost level (level 1) is less than 15 metres below the surface, and is wholly within the leached surficial zone.

Eight chip samples taken from below the leach cap, from levels 2 and 3, returned a weighted average of 7.81% zinc ("Zn"), 7.17% lead ("Pb"), 1.84 ounces per ton ("opt") silver ("Ag") and 0.32% copper ("Cu") over 4.4 metres. These results confirm the high-grade values of up to 20% combined lead and zinc that are reported in the historical database.

Rock sample results from level 1 and within the leach cap, were anomalous but generally contained less than 1% lead and zinc. These values correlate well with the majority of the surface rock samples collected within the soil anomaly.



A total of 11 chip samples were collected from within the old workings,
with the following results:

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Sample length (m) Level Ag (opt) Zn (%) Pb (%) Cu (%)
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1.0 3 2.24 2.42 7.25 0.62
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5.0 3 2.56 4.12 11.75 0.15
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5.0 3 1.12 8.93 4.73 0.20
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5.0 3 2.19 9.61 8.37 0.58
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5.0 3 2.47 9.22 9.61 0.52
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5.0 3 2.09 9.87 8.06 0.34
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4.5 2 1.84 11.55 5.87 0.28
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5.0 2 0.49 2.82 1.66 0.13
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1.0 1 1.27 0.21 0.21 1.11
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5.0 1 0.44 0.46 0.40 0.29
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5.0 1 0.11 0.58 0.16 0.03
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Soil samples were collected from a grid covering an extensive tourmaline-quartz-kaolin altered agglomerate/breccia unit with zinc, lead, silver mineralization. An area of 1,200 by 400 metres was sampled at 25 metre intervals, along 100 metre spaced lines. The results partially define a prominent lead-zinc soil anomaly trending north-south along the western margin of the grid. The anomaly extends approximately 700 metres north-south and remains open to the west. A second anomaly on the southern portion of the grid trends north-south for 400 metres and is open to the south.

Geological mapping of the quartz-tourmaline alteration zone reveals that this favourable unit is exposed over 40 hectares. The mineralization trends north-south, and is developed within porphyritic andesites adjacent to a granodiorite intrusive. The zinc-lead-silver mineralization is peripheral to the intrusive and may be associated with a porphyry copper system, as there are widespread copper showings within the intrusive.

Planned La Negra Exploration

The Company will now proceed with a Phase I exploration program that will include construction of a six km access road into the project. Construction is expected to proceed quickly with only sparse shrubs and grasses in the area. Based on results from the initial soil geochemical survey, an expanded grid is planned. Approximately 40 line km of grid will be established to provide control for soil sampling and more detailed mapping. Planned geophysical surveys include a three-dimensional induced polarization and magnetic survey.

Results from the geochemical and geophysical surveys will be the basis for target selection for a subsequent drill program.

The La Negra Option Agreement

Under the La Negra option agreement (the "Option Agreement") with Inversiones Y Mineria Andale ("Andale"), a Chilean company controlled by Doug MacDonald, the Company has the right to acquire an undivided 80% interest in the project by incurring US$1,000,000 in exploration expenditures, paying US$600,000 and issuing 550,000 shares, over three years. The Company may acquire the remaining 20% interest in the project by paying Andale an additional US$250,000 and issuing to it an additional 250,000 shares.

The Option Agreement is subject to TSX Venture Exchange approval.

Quality Control and Assurance

Exploration work on the project will be under the supervision of Joan McCorquodale, P.Geo, the Company's Vice President, Exploration and a "qualified person" as defined in National Instrument 43-101. Ms. McCorquodale is responsible for the preparation of the information contained in this news release.

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.

NEW WORLD RESOURCE CORP.

John Lando, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • For information with respect to the Company or
    the contents of this news release, please contact
    New World Resource Corp.
    John Lando
    (604) 669-2701 or Toll Free: 1-800-663-0510
    or
    New World Resource Corp.
    Don Flahiff
    (604) 669-2701 or Toll Free: 1-800-663-0510
    (604) 687-4670 (FAX)
    Email: info@newworldresource.com
    Website: www.newworldresource.com