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| | Wed May 27, 2009
New World Receives Positive Report on the Pastos Grandes Lithium Potash Brine Project
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| | Vancouver B.C. - New World Resource Corp. (the "Company") announces it has received a positive technical report on the brine samples from its Pastos Grandes Salar, Bolivia.
The Company commissioned Dr. Teresita Kullberg to evaluate historical Pastos Grande brine samples and to compare the results to known lithium (Li) brine deposits of South America. Dr. Kullberg holds a PhD in Inorganic/Physical Chemistry and has extensive background in lithium chemistry, having worked for FMC Lithium and Chemetall Foote Corporation for a total of 26 years. Her experience ranges from laboratory research and development to pilot plant to production. She worked directly on the Atacama Salar of Chile through Chemetall Foote's subsidiary company Sociedad Chilena de Litio (SCL).
Excerpt from the Report entitled, 'Salar de Pastos Grandes -- Evaluation of Brine Samples' dated April 12, 2009;
"Preliminary conclusion from the data shows that the low Mg/Li ratio of 2.2 in the Pastos Grandes brine is very promising for a viable, profitable and economical Li recovery. Its brine composition mix with Li content > 1,000 ppm is competitive against the currently processed brines in Chile and Argentina. Additional investigation of this valuable lithium and potassium resource is recommended."
Historical brine chemical data of Pastos Grandes*
LI |
K |
MG |
CA |
SO 4 |
|
|
|
|
|
PPM |
PPM |
PPM |
PPM |
PPM |
MG/LI |
K/LI |
SO 4 /LI |
MG/CA |
K/MG |
1,640 |
14,200 |
3,480 |
3,100 |
2,460 |
2.12 |
8.66 |
1.50 |
0.89 |
4.08 |
675 |
81,000 |
1,250 |
1,650 |
3,370 |
1.85 |
120.00 |
4.99 |
1.32 |
64.80 |
350 |
3,600 |
550 |
900 |
1,120 |
1.57 |
10.29 |
3.20 |
1.64 |
6.55 |
710 |
5,800 |
2,600 |
1,150 |
1,500 |
3.66 |
8.17 |
2.11 |
0.44 |
2.23 |
940 |
7,100 |
2,600 |
2,230 |
3,600 |
2.77 |
7.55 |
3.83 |
0.86 |
2.73 |
1,720 |
8,520 |
3,330 |
2,750 |
1,780 |
1.94 |
4.95 |
1.03 |
0.83 |
2.56 |
1,160 |
9,800 |
2,560 |
2,380 |
3,240 |
2.21 |
8.45 |
2.79 |
0.93 |
3.83 |
880 |
8,000 |
1,500 |
1,730 |
3,620 |
1.70 |
9.09 |
4.11 |
1.15 |
5.33 |
|
|
|
AVERAGE (Li>500 ppm) |
2.24 |
17.4 |
2.53 |
1.16 |
7.76 |
* The accuracy and validity of data were reviewed as received without other assumptions. Li = lithium, K = potassium, Mg = Magnesium, Ca = Calcium, SO4 = sulfate
As a quick estimate for assessing the feasibility of extraction, higher K/Mg and SO4/Mg ratios enhance the potash recovery from the preferred production method utilizing solar evaporation ponds. Moreover, lower Mg/Li and SO4/Li ratios facilitate lithium recovery.
Below is a table comparing the historical brine samples of Pastos Grandes to other brine deposits in production in South America:
Comparison of Pastos Grandes to Producing Brine Deposits in Chile & Argentina*
WEIGHT RATIO |
PASTOS GRANDES |
SALAR DE UYUNI |
SALAR DE ATACAMA |
HOMBRE MUERTO |
SALAR DE RINCON |
Mg/Li |
2.24 |
18.6 |
6.4 |
1.37 |
8.61 |
K/Li |
17.4 |
20.6 |
12 |
9.95 |
18.9 |
SO 4 /Li |
2.53 |
24.3 |
11 |
13.8 |
30.7 |
Mg/Ca |
1.16 |
14.1 |
32 |
1.6 |
6.93 |
K/Mg |
7.76 |
1.11 |
1.93 |
7.26 |
2.2 |
SO 4 /Mg |
1.13 |
1.31 |
1.72 |
10.04 |
3.57 |
SO 4 /Ca |
1.31 |
18.48 |
53.23 |
16.09 |
24.14 |
* Reference: Salar de Rincon, Summary Report by Pedro Pavlovic
In conclusion the report states:
"The Salar de Pastos Grandes represents brine of excellent quality for lithium and potassium recovery. While it is much smaller in size compared with the Salar de Uyuni, its composition mixture of Li, Mg, Ca, K, SO4, may be easier to process economically. The Mg/Li ratio of 2.2 is less than the Atacama ratio of 6.4. Additional studies are recommended for the Salar de Pastos Grandes."
The Deal
The Joint Venture with Gonzalo Miranda Salles has a term of 20 years and the initial participation interests are 99% for the Company's subsidiary, New World Bolivia S.A. ("New World Bolivia") and 1% for Gonzalo Miranda Salles. A US$10,000 payment was paid upon signing of the Joint Venture and the 'Patentes Mineras' payment to the government to keep the concession in good standing has been paid. The project concession size covers approximately 60 square kilometres and is located in the Sud Lipez Province, Department of Potosi within the Bolivian Altiplano.
Pastos Grandes Concession.
The Bolivian Altiplano is host to many alkaline and saline lakes and salars including the Salar de Uyuni which hosts the world's largest known lithium reserve. Pastos Grandes is located approximately 113 kilometres south southwest from Salar de Uyuni, within the same geological and geographical setting. This hyper saline lake/salar basin is surrounded by intermittent rivers and thermal springs discharging waters into the salar. The Pastos Grandes salar is elliptical in shape with the major axis of trending NW -- SE and covers an area of almost 120 km2.
Quality Control and Assurance
Joan McCorquodale, P. Geo is the Company's Vice President, Exploration and qualified person as required under NI 43 101 and has reviewed the technical information contained in this press 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
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, or visit the web site at www.newworldresource.com.
This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual results may vary from the forward-looking information. A number of material factors, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Bolivia; potential defects in title to the properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.
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 Jun 3, 2009, New World Retains Lithium Brine Expert
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