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Overview
Lipeņa/Bonete
43-101 Resource Estimate Report
Pastos Grandes
Corporate Social Responsibility
Disclosure
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Lipeña/Bonete Copper-Gold Project, Bolivia Location The Lipeña Project and the Bonete Mining Concession are 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 truck 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, which included 2.57 g/t gold over 212 metres. New World Drilling - Significant Intercepts
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 Resource retained "Qualified Person" Ron Simpson, P.Geo of GeoSim Services Inc. to provide an independent National Instrument 43-101 compliant resource estimate. "Resource Estimate Lipeña Project, South Lipez Province Bolivia" dated November 25, 2008. Below is the resource estimate, the full report can be viewed on SEDAR or 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 has been no new sampling carried out. The additional tonnage also increases the number of ounces of gold in the indicated category from 224,466 to 240,193 representing a 7% increase and in the inferred category the number of ounces of gold increased from 63,717 to 93,763 representing a 47% increase. 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 Open Pit Resource Estimate
Underground Resource Estimate
The geological characteristics of the project are akin to the uppermost section of a copper gold porphyry system. The occurrence of a copper gold deposit of large tonnage and low grade at depth is plausible, additional geophysical surveys and drilling is required. The two other zones; La Mosa and the Central Zones have seen less drilling and are enriched in gold with lesser amounts of copper mineralization. The La Mosa zone is defined by a small hill and would be very 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 very fine-grained and has only been observed in polish sections. The geological characteristics of the project are 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 copper gold porphyry system of large tonnage and low grade at depth is very plausible, however the actual depth and location of this hypothetic mineralization is still unknown. Current Exploration Program New World Resource Corp. has completed a 5,000 metre diamond drill program at the Lipeña-Bonete project. The program was designed to expand the previously reported National Instrument 43-101 ("NI 43-101") resource outlined within the original Lipeña property and to test new targets in the encompassing Bonete property. Drilling results will be released once received and interpreted. 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") a subsidiary of Empresa Minera Unificada S.A. ("EMUSA"). New World currently owns a 75% interest in the Lipeña concession with a right to acquire an additional 10% by paying to MARTE an additional US$2,000,000 and issuing an additional 1,000,000 shares on or before May 1, 2013. Additionally, New World has signed a joint venture agreement with Corporación Minera de Bolivia (COMIBOL) with respect to 5,875 hectares of COMIBOL's Bonete mining concession. The relevant portion of the concession surrounds the Company's Lipeña copper-gold project in south-eastern Bolivia. COMIBOL is the Bolivian government entity that controls all mineral exploration on state owned lands.
Lipeņa/Bonete Gallery
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