BOCA RATON, Fla. -- (Business Wire)
New World Gold Corporation (OTC Pink: NWGC ) a gold mining and milling
company with existing operations in Ecuador and Peru wishes to announce
that it has received the environmental permit necessary to bring an
additional tailings pile with economical viable grades of gold and
silver on production.
The tonnage of this tailings area is 71,000 tons with grades ranging
from 2gms/ton to 18gms/tom with an anticipated average grade of 9gms/ton
based on a testing grid and independent laboratory results. The Company
expects to recover 82% of the gold and 46% of the silver. The projected
value of this tailings pile is $20,283,000 based on a 2 year production
schedule and gold at $1200 per oz.
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)2108496 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 uncertainties. Results, events and performances
could vary from those contemplated. These statements involve risks and
uncertainties which may cause 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150526006328/en/
Contacts:
New World Gold Corporation
Robert Talbot, 561-210-8496
Source: New World Gold Corporation
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