NW New World Resource Corp

New World Resource Corp. ("New World" or the "Company") (TSX
VENTURE:NW)(FRANKFURT:NWU) has been advised by its partner, Empresa Minera Marte
S.R.L. ("MARTE") that an underground exploration program has commenced at the
Lipena project in southern Bolivia. MARTE has proceeded with the construction of
an adit that is designed for underground mapping and drilling, and to extract
bulk samples to be treated at a near-by milling operation. The objective of the
bulk sampling is for metallurgical testing and given favourable results these
samples could provide an opportunity to generate revenue for expanding the
underground exploration program at the Lipena project. 


Prior to commencing construction of the adit, MARTE undertook a surface sampling
program to identify a structure containing high-grade silver ("Ag") discovered
during previous rotary drilling carried out in 1995 by a subsidiary of the
former Battle Mountain Gold Company. Historical rotary drill hole LP-04
contained 1,253 grams per tonne ("g/t") Ag over 6 metres, which included 3,900
g/t Ag over 1.5 metres. The high-grade Ag structure appears continuous to
surface with a series of veins and veinlets sampled ranging in thickness from
0.1 metres to 1.5 metres. 


MARTE is a partner with New World and pursuant to the amended option agreement
(reported October 11, 2012), MARTE has been granted an option to acquire 37.4%
of the Company's 75% interest in Lipena by paying US$500,000 (paid), paying an
additional US$250,000 on or before December 25, 2012, and by spending
US$1,250,000 in exploration expenditures over the next 12 months. 


New World Resources CEO, John Lando commented, "The Company is pleased to have
MARTE commence an exploration program that will provide the Company and MARTE
with an added understanding of the economic potential of the Lipena project."


Exploration work on the Lipena-Bonete project is under the supervision of Brian
McEwen, P.Geol., B.Sc. (Geo), the Company's Chief Operating Officer, who is a
"qualified person", as defined in NI 43 101, and is responsible for the
preparation of the technical information contained in this news release.


The historical drill results were prepared prior to the implementation of
43-101, and are not compliant with 43-101. The Company is not aware of any
subsequent drill results and there has not yet been sufficient work completed to
confirm the accuracy of the historical results; therefore, these results should
not be relied upon.


About New World

New World Resource Corp. is a Canadian based exploration company focused on
building a strong, diversified project portfolio within the Americas. The
Company's projects include the Lipena/Bonete 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 completion of the Amended Agreement
and the Company's evaluation of new projects. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New World Resource Corp.
John Lando
(604) 669-2701 or Toll Free: 1 800 663 0510


New World Resource Corp.
Ian Mitchell
(604) 669-2701 or Toll Free: 1 800 663 0510
info@newworldresource.com
www.newworldresource.com

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

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