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News Releases are added to our web site immediately upon release to the general public. If you would like to receive news releases via e-mail or fax, please fill out our Request More Information form.
| | Wed Sep 6, 2006
Ground Magnetic Survey Completed at Long Valley Project, Nevada
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| | New World Resource Corp. ("New World" or the "Company") reports that it has now completed a 113 line kilometre, reconnaissance, ground magnetic survey of its Long Valley project, in northeastern Nevada.
The object of this magnetic survey is to identify the projected southern extension of northwest- and north-northeast-trending structural features that are thought to control high-grade gold mineralization found in the Bald Mountain mining district.
The area of the claims was previously thought to be covered by younger, postmineralization volcanics. However, New World's initial prospecting has revealed outcrops of silicified breccia similar to those found in the nearby Alligator Ridge gold deposit.
Following an analysis of the survey results, the Company will proceed with a second phase of geochemical and geophysical surveys.
About the Long Valley Claims
The Long Valley claims are 100 percent owned by New World and cover a total of 6,756 acres and 8.8 miles of the southern projection of the Bald Mountain district controlling structures, on the edge of the pediment. To date, over 40 gold occurrences have been discovered in the district, of which 14 have produced mines, including the Bald Mountain, Alligator Ridge and Yankee deposits.
Late last year, Placer Dome (then owner of the Bald Mountain deposit), described the area as the "southern extension of the Carlin trend" and announced tha t it would spend US$15 million on exploration in the region in 2006. Target areas announced by Placer include those in the southern portion of its claims block that are in close proximity to the New World's Long Valley claims.
Exploration work at Long Valley 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 information contained in this news release.
Lipeña Project, Bolivia
New World has now completed its initial drill program at Lipeña, Bolivia. The Company is currently receiving, compiling and analyzing drill results. The ongoing modeling of existing previous data will be incorporated with results from this drill program to further define the nature and size of Lipeña, and to guide the next phase of drilling.
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
For information with respect to the Company or the contents of this news release, please contact John Lando or Don Flahiff at (604) 669-2701, or toll free at 1-800-663-0510, email at info@newworldresource.com. To view a location map of the Long Valley project visit the Company's website at www.newworldresource.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. |
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| | You can view the Next News Releases item: Wed Sep 13, 2006, Drilling At Lipeña Intersects 60.6 Metres Of 3.17% Copper And 5.31 G/T Gold
You can view the Previous News Releases item: Thu Jul 6, 2006, First Lipeña Hole Intersects Significant Copper and Gold Mineralization Over a True Width of 191 Metres
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