New World Sampling Confirms Positive Chemistry at Pastos Grandes
* Reuters is not responsible for the content in this press release.
VANCOUVER, BRITISH COLUMBIA, Oct 05 (MARKET WIRE) --
New World Resource Corp. (TSX VENTURE: NW) (the "Company") announces the
results of the Pastos Grandes salar brine sampling program.
The Company collected a total of 15 brine samples and 4 surficial water
samples on a modified grid covering the entire Pastos Grandes salar. The
Company's Pastos Grandes project covers the eastern section of the salar.
The results listed below are split into the eastern and western sections
of the salar.
East Section of the Pastos Grandes Salar
------------------------------------------------
Li ppm Mg ppm K ppm Mg/Li
464.90 1,605.21 3,923.16 3.45
660.30 1,605.21 5,417.24 2.43
1,664.50 3,461.71 11,268.13 2.08
1,346.90 3,553.60 9,441.61 2.64
1,298.00 4,013.03 10,207.93 3.09
378.40 958.11 3,947.26 2.53
1,420.20 4,472.47 10,159.74 3.15
------------------------------------------------
------------------------------------------------
AVERAGE 1,033.31 2,809.91 7,766.44 2.77
------------------------------------------------
West Section of the Pastos Grandes Salar
------------------------------------------------
Li ppm Mg ppm K ppm Mg/Li
95.90 215.65 1,280.09 2.25
159.40 450.88 1,405.40 2.83
72.40 175.13 509.92 2.42
171.20 487.64 1,646.38 2.85
61.70 193.60 485.82 3.14
59.70 149.50 509.92 2.50
733.60 2,450.95 5,489.54 3.34
62.70 211.98 654.50 3.38
------------------------------------------------
------------------------------------------------
AVERAGE 177.08 541.92 1,497.70 2.84
------------------------------------------------
The results of this sampling program are consistent with historical
sampling conducted by the US Geological Survey and the University of La
Paz, demonstrating high lithium content of over 1,000 parts per million
("ppm") and a very low Magnesium / Lithium ("Mg/Li") ratio of 2.77 at
Pastos Grandes. The data also confirms high levels of Potassium ("K").
The Company's exploration team is now mobilizing to the project for
additional follow-up sampling and site examination with consultants that
have expertise in brine exploration techniques to design the next phase
of exploration.
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 National Instrument 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
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 proposed use of
proceeds for the brokered private placement. 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 misjudgements 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
Contacts:
New World Resource Corp.
John Lando
(604) 669-2701 or Toll Free: 1-800-663-0510
New World Resource Corp.
Don Flahiff
(604) 669-2701 or Toll Free: 1-800-663-0510
info@newworldresource.com
www.newworldresource.com
Copyright 2009, Market Wire, All rights reserved.
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