Indicated


Inferred

Cuttoff       

%CuEQ


Tonnes>

Cuttoff

Cu%

Au

g/t

Ag

g/t

CuE%

Tonnes≥

Cutoff

Cu

%

Au

g/t

Ag

g/t

CuEQ%
   0.301,977,8400.680.0725.50.984,616,1000.630.2321.70.99
0.401,849,9200.720.0725.91.024,450,170

0.650.2421.91.01

0.50

1,660,5000.780.0826.01.094,049,3400.690.2621.91.07


Open Pit Resource Estimate

NW: TSX.V  NWU: FRANKFURT

A new age of mineral exploration in the Americas...

UNDERGROUND RESOURCE ESTIMATE

LIPEÑA/BONETE COPPER-GOLD PROJECT, BOLIVIA 

 Brian McEwen, P.Geol., B.Sc.(Geo)is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this webpage.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this website. Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This website contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this website. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.

Notes:

The mineral resources were estimated by ordinary kriging constrained by a 3D solid model based on 0.20% copper equivalent grade shells. The grade shells are both within and outside of the quartz-tourmaline breccia zones and are used as hard boundaries to limit composite extraction, geostatistical analysis and block grade estimation. The block model was created with Surpac Vision software using a block size of 10x10x10 metres.
Grade estimation was based on analyses of core samples from 26 diamond drill holes and 17 reverse circulation holes for a total of 11,403 metres completed between 1994-96 and 2006-07. The nominated composite length was set at three metres. The density values assigned to the major lithologies were based on 434 bulk density measurements of drill core.
Copper equivalent is calculated as follows: %CuEQ (Copper equivalent) = %Cu + g/t Au * 0.604 + g/t Ag * 0.01, with Cu (copper) at $2.55/lb, Au (gold) at $1035/oz, and Ag (silver) at $17.25/oz.


The geological characteristics of the project are akin to the uppermost section of a copper gold porphyry system. The occurrence of a possible copper gold deposit of large tonnage and low grade at depth will require additional geophysical surveys and drilling.

The two other zones; La Mosa and the Central Zones have undergone less drilling and contain significant gold values with lesser amounts of copper mineralization. The La Mosa zone is located on top of a small hill and may be amenable to an open pit mining scenario. In the La Mosa Zone an interval near surface, of 127.2 metres from 36 to 163.2 metres returned 1.3g/t gold included 10.9 metres of 7.5 g/t gold. In the Central Zone a diamond drill hole intersected 71 metres of 1.2 g/t gold from 78 to 149 metres.

Geology

The regional geology consists of a sequence of Miocene andesitic to daciticvolcanics and volcaniclastics intruded by younger dacitic to rhyodacitic and lesser microgranite dykes. The entire region displays prolific zones of alteration, and contains several historical workings.

Within the Lipeña Project a propylitic and argillized alteration zone covers approximately 1,400 x 750 metres (1.0 km2); it is elongated along a 290º strike (N70ºW). The copper gold and silver mineralization is hosted predominantly within a tourmaline quartz breccia with angular to subrounded hetrolithic argillic and potasic altered clasts. A late stage low sulphidation epithermal event is sporadically exposed as cryptocrystalline and vuggy quartz veining within the breccias. The primary mineralogy of the breccia consists of tourmaline, quartz, chalcopyrite, specular hematite, pyrite, chalcocite, magnetite, and +/- barite. Gold is fine-grained and has only been observed in polish sections. The geological characteristics of the project has been suggested to be analogous to the uppermost section of the breccias of the giant copper -- molybdenum porphyries at Rio Blanco and El Teniente in central Chile. The occurrence of a  possible copper gold deposit of large tonnage and low grade at depth will require additional geophysical surveys and drilling.

Agreement

New World Bolivia S.A. ("New World Bolivia"), a subsidiary of New World Resource Corp. entered into an option agreement for a joint venture with Empresa Minera Martes.R.L. ("MARTE").  MARTE is managed by Luis Mercado, the President of a leading Bolivian mining company.  New World currently owns a 37.6% interest in the Lipeña concession.


Location

The Lipeña/Bonete copper-gold project is located in southwest Bolivia. The Bonete mining concession entirely surrounds the Lipeña project and both areas total 5,975 hectares. The property is located 25 km west of the small town of San Pablo de Lipez and is accessible year round by a series of gravel roads. Access to San Pablo de Lipez is by a network of roads through Uyuni or from the east through Tarija. Alternatively there is an airstrip located on the outskirts of San Pablo de Lipez. Recently, the airport at Uyuni has opened and there are almost daily flights from La Paz. The project is approximately 2.5 hours by vehicle from Uyuni.



Project

Previous work has located three main zones of magmatic hydrothermal breccias, which have been named: La Mosa, Central and Lipeña from northwest to southeast. At surface these appear to be separate bodies, however the drill data suggests that they are likely related at depth and have been localized along a large west -- northwest trending structure.



From 2006 to 2007, the Company completed two diamond drill programs, for a total of 5,512 metres in 13 holes. These drill programs were designed to complete the following goals; verify the results of drilling by previous operator - a subsidiary of Battle Mountain Gold Corp. (1994 to 1996 - 12,690 metres in 44 holes (31 RC, 13DDH)), and to expand the known mineralized deposit in modest step-outs from historical intercepts. The results yielded significant mineralization over large intervals. In 2011, the Company completed a diamond drill program for a total of 3,954.5 metres in 12 holes. Selected intercepts are highlighted below. For a complete list of significant drill holes, please click here.

Lipeña Zone:

06DLP-45 -- 138 metres of 1.68 g/t Au, 1.09% Cu, 12.54 g/t Ag
06DLP-47 -- 212 metres of 2.57 g/t Au, 1.48% Cu, 21.94 g/t Ag
11DLP064 -- 59.16 metres of 2.01 g/t Au, 1.56% Cu, 26.62 g/t Ag
11DLP065 -- 121.63 metres of 2.00 g/t Au, 1.28% Cu, 14.07 g/t Ag

 

La Mosa Zone: 

06DLP-51 -- 127 metres of 1.27 g/t Au, starting at 36 metres (angle hole)
11DLP062 -- 39.40 metres of 3.18 g/t Au, starting at 12.80 metres (vertical hole)
11DLP069 -- 56.42 metres of 1.13 g/t Au, starting at 103 metres (angle hole)

 

Central Zone:

O6DLP-50 -- 2 metres of 1.38 g/t Au, 15.5% Cu, 42.7 g/t Ag, starting at 49 metres

 

In the Lipeña zone a tourmaline-bearing breccia pipe, at least 100 to 150 metres in diametre is exposed. This breccia is thought to have been formed through magmatic hydrothermal processes. It is hetrolithic and has centimetre-size to metre plus size fragments of volcanic rocks which show quartz/sericite/clay/chlorite alteration. Breccia matrix is tourmalinized and silicified with common open spaces. Chalcopyrite and calocite occur within the breccia matrix as well as dissementated pyrite and chalcopyrite within potastic altered clasts.

The current knowledge indicates that the Lipeña breccia zone has at least 450 metres in vertical extent and it is open at depth. Further drilling is required to determine its accurate shape and the distribution of the ore minerals. Very little drilling to date has occurred in the La Mosa and Central zones. It appears that the La Mosa zone is predominantly gold orientated and the mineralization is very close to surface.
 New World retained the services of a qualified independent geologist to provide an independent National Instrument 43-101 compliant resource estimate, "Resource Estimate Lipeña Project, South Lipez Province Bolivia" dated November 25, 2008.   This report can be viewed on SEDAR or on New World’s website.

Due to the increase in commodity prices since the date of this initial NI 43-101 compliant resource estimate, significant tonnage has been added to the resource as well the increase in the overall copper equivalent grade. The increase is solely due to the effect of updated commodity prices on the cut-off grade and that the actual block model has not been re-estimated as there had been no new sampling carried out. The additional tonnage also increases the number of ounces of gold in the indicated category by 7%, from 224,466 to 240,193, and in the inferred category by 47%from 63,717 to 93,763 ounces.

Indicated Resources Estimate: 5.7 million tonnes of 1.67% copper equivalent
(1.0% copper equivalent cut-off for underground resources and 0.4% cut-off for open pit resources)
240,193 ounces of gold, 152 million pounds of copper,& 3.6 million ounces of silver

Inferred Resources Estimate: 4.8 million tonnes of 1.0% Copper Equivalent
(1.0% copper equivalent cut-off for underground resources and 0.4% cut-off for open pit resources)
93,763 ounces of gold, 91 million pounds of copper,& 3.7 million ounces of silver




Indicated


Inferred

Cuttoff       

%CuEQ


Tonnes>

Cuttoff

Cu%

Au

g/t

Ag

g/t

CuE%

Tonnes

Cutoff

Cu

%

Au

g/t

Ag

g/t

CuEQ%
   0.507,763,7600.891.0710.81.648,387,8200.430.577.60.85
0.755,822,820   1.061.3412.21.994,024,350

0.540.778.71.09

1.00

4,705,9801.181.5613.52.261,848,3300.661.0010.01.36
1.254,054,0801.261.7114.32.44890,0700.781.2212.37.64
1.503,453,8401.361.8415.32.62410,6700.891.5414.11.96