NW New World Resource Corp

New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the
"Company") is pleased to announce the commencement of a minimum 1,500 metre
drill program on its 99% owned Pastos Grandes lithium brine project in
southwestern Bolivia. The program is designed to test the depth of the salar and
sample the various aquifers at depth. 


Initially a pilot hole will be drilled to determine the depth of the salar and
to identify the location and widths of the aquifers. This will be followed by
drilling several holes of various depths within a tightly spaced grouping. Each
hole within the grouping will independently test each aquifer as identified
within the initial pilot hole. This group drilling technique will be completed
in various locales dispersed throughout the project. 


The Company has completed near surface sampling of the brine to a depth of 1.3
metres. This sampling program returned very favourable results with average
lithium grades of greater than 1,000 ppm and potassium contents of 1.73%. The
magnesium to lithium ratio is also very favourable at 2.2:1.


John Lando, President of New World, states, "We are extremely excited to get
this drill program underway. The Company and our representatives continue to
build relationships with the local communities and with the government of
Bolivia. We are very pleased with the ongoing discussions with both community
leaders and government officials and the support and encouragement they have
shown us."


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. The
Company's projects include the Lipena copper gold project and the Pastos Grandes
lithium brine project in Bolivia.


NEW WORLD RESOURCE CORP.

John Lando, President

This news release includes "forward-looking information", as such term is
defined in applicable securities laws. The forward-looking information includes,
without limitation, statements regarding the extent and timing of its
exploration programs, exploration program budgets and exploration results. This
forward-looking information is given as of the date of this news release. Users
of forward-looking information are cautioned that actual results may vary from
the forward-looking information contained herein. While the Company has based
this forward-looking information on its expectations about future events as at
the date that such information was prepared, the information is not a guarantee
of the Company's future performance and is subject to risks, uncertainties,
assumptions and other factors which could cause actual results to differ
materially from future results expressed or implied by such forward-looking
information. Such factors and assumptions include, amongst others, the effects
of general economic conditions, the price of lithium, changing foreign exchange
rates and actions by government authorities, uncertainties associated with legal
proceedings and negotiations and misjudgments in the course of preparing
forward-looking information. In addition, there are also known and unknown risk
factors which could cause the Company's actual results, performance or
achievements to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking information. Known risk
factors include, among others, risks 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. Although the Company has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
information. The Company is under no obligation to update or alter any
forward-looking information except as required under applicable securities laws.

New World Resource (TSXV:NW)
Historical Stock Chart
From Jun 2024 to Jul 2024

New World Resource (TSXV:NW)
Historical Stock Chart
From Jul 2023 to Jul 2024