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| | Fri Dec 1, 2006
New World Begins Second Drill Program at Lipena, Bolivia
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Vancouver, B.C. - New World Resource Corp. (the "Company") reports that it has commenced its second drill program at the Lipeña project, in Bolivia. One drill is on site, with a second rig expected to arrive shortly.
The work initially will comprise approximately 3,000 metres of diamond drilling with a view to build a NI 43-101 compliant resource on the project's Lipeña zone and to test new exploration targets at the Central and the La Mosa zones. Mineralization at Lipeña is hosted in a tourmaline breccia with a complex morphology. In order to explore the deposit meaningfully, drilling at the Lipeña zone will be on a tightly spaced grid.
Lipeña Geology
Analysis of the core from the Company's first drill program at Lipeña has revealed that the majority of the fragments caught up in the tourmaline breccia have undergone intense potassic alteration. Clasts of porphyritic dacite with disseminated chalcopyrite are present within the breccia. This analysis is understood to suggest that the breccia may be the top level expression of a deeper copper-gold porphyry system.
Previous Lipeña Drill Results
The following is a summary of the significant drill intercepts from the Company's first drill program at Lipeña, which ended in September, 2006:
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Approximate
Core Width True Width Gold Copper Silver
HOLE FROM TO (metres) (metres) (g/t(i)) (%) (g/t(i))
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06DLP-045 24 458.55 434.55 389.35 0.57 0.46 5.65
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Including 159 378 219 191.1 1.09 0.87 8.84
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Including 240 378 138 119.8 1.68 1.09 12.54
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Including 240 327 87 74.4 1.77 1.45 11.65
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Including 240 256 16 13.9 1.96 2.7 10.47
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Approximate
Core Width True Width Gold Copper Silver
HOLE FROM TO (metres) (metres) (g/t(i)) (%) (g/t(i))
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06DLP-046 335 474 139 122.90 0.94 0.74 7.29
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Including 335 425 90.00 80.90 1.27 1.00 9.38
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Approximate
Core Width True Width Gold Copper Silver
HOLE FROM TO (metres) (metres) (g/t(i)) (%) (g/t(i))
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06DLP-047 231 443 212.0 172.48 2.57 1.48 21.94
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Including 290 360 70.0 60.62 5.31 3.17 47.18
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Including 338 346 8.0 6.93 23.21 7.50 90.55
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Gold Copper Silver
HOLE FROM TO Core Width (metres) (g/t(i)) (%) (g/t(i))
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06DLP-048 168 369 201 1.15 0.89 11.96
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Including 193 286 93 2.04 1.68 19.91
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Including 223 240 17 3.77 2.91 29.85
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Approximate
Core Width True Width Gold Copper Silver
HOLE FROM TO (metres) (metres) (g/t(i)) (%) (g/t(i))
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06DLP-049 16 368 231 215.55 0.88 0.71 12.11
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Including 226 289 63 59.28 1.77 1.42 23.75
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Approximate
Core Width True Width Gold Copper Silver
HOLE FROM TO (metres) (metres) (g/t(i)) (%) (g/t(i))
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06DLP-050 49 51 2 1.5 1.38 15.5 42.7
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06DLP-050 78 149 71 54.5 1.17 0.14 2.19
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Including 99.5 127 27.5 21.1 2.43 0.19 4.26
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Approximate
Core Width True Width Gold Copper Silver
HOLE FROM TO (metres) (metres) (g/t(i)) (%) (g/t(i))
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06DLP-051 36 163.22 127.22 117.6 1.27 0.24 1.65
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Including 36 117 81 74.1 1.71 0.18 1.58
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Including 40.08 51 10.92 9 7.48 0.14 5.63
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(i) grams per tonne
Quality Control and Quality Assurance
Exploration work on the Lipeña 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 information contained in this news release. Except where indicated, mineralized widths reported are core lengths and may not represent the true width of mineralization.
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 Lipeña project, visit the Company 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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