New World Gold Corporation Adds Portable Concentrators to Its Operations
February 25 2014 - 6:00AM
Marketwired
New World Gold Corporation Adds Portable Concentrators to Its
Operations
BOCA RATON, FL--(Marketwired - Feb 25, 2014) - New World Gold
Corporation (PINKSHEETS: NWGC), a gold mining company with existing
operations in Ecuador and Peru, has added portable concentrators to
its operations. The concentrators are very efficient and suited for
the recovery of precious metals from stamp and ball mill products,
dump tailings, rubble beds and alluvial sands. The Company has
developed these concentrators for small mining applications in
conjunction with the flotation cells at its mills. Currently, the
Company processes its own reserves, completes contract milling for
independent miners without mills and runs the portable
concentrators at isolated mines and mines without the funds to
purchase the necessary equipment for their own concentrators.
The concentrator allows artisanal and small scale miners to
upgrade their material at much higher rates than by using
conventional techniques, also using cleaner and lower energy
technology. The portable concentrator can also be used for
exploratory or prospecting purposes -- ascertaining the mineral
wealth in a particular area very rapidly. The concentrate is then
delivered to the company's mills for final handling. The portable
concentrator is environmentally friendly. The concentrator does not
use any chemicals only water and recovers gold and silver. The
equipment is easy to use, uses no mercury or cyanide, has a low
power requirement, high capacity and electric/petrol drive.
The concentrator processes 2 to 3 tons of material per hour.
Based on a minimum head grade of 2.5 gms of gold per ton, the
concentrator in conjunction with the company's flotation cells at
its mills will generate 2 Kilograms(63 oz) of gold per month per
concentrator. The company will operate a minimum of 4 portable
concentrator systems. It is expected that the head grade to be
processed will be substantially higher than 2.5 gms per ton. The
concentrator operation will contribute significant additional cash
flow to the Company.
New World Gold Corporation trades in the United States on the
OTC Pink under the symbol "NWGC". For further information, please
contact the Company at (561)210 8496 or www.newworldgoldcorp.com or
investors can find real time quotes and market information for the
company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving risks and certainties. Results, events and
performances could vary from those contemplated. These statements
involve risks and uncertainties which may cause actual results,
expressed or implied, to differ from predicted outcomes. Risks and
uncertainties include but are not limited to product demand, market
competition and New World Gold's ability to meet current and future
plans. Investors should study and understand all risks before
making an investment decision. Readers are recommended not to place
undue reliance on forward-looking statements or information. New
World Gold is not obligated to publicly release revisions to any
forward-looking statement, to reflect events or circumstances
afterward, or to disclose unanticipated occurrences except as
required under applicable law.
Contact: New World Gold Corporation (561) 210 8496
www.newworldgoldcorp.com
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