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New World Resources Corp. (NW:CA)
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Web site:
http://www.newworldresource.com
New World Resource Corp. is a Canadian mineral exploration company focused on building a strong, diversified project portfolio within the Americas. The Company has assembled a highly qualified, entrepreneurial team committed to building shareholder value through successful, socially responsible exploration projects. New World's exploration mandate is to identify early-to-advanced stage projects that demonstrate the potential to host a world class mineral deposit.
New World has two world class projects in Bolivia: the Lipeña/Bonete Copper-Gold Project and the Pastos Grandes Lithium Brine Project.
Lipeña/Bonete Copper-Gold Project:
The Lipeña Project and the Bonete Mining Concession are located in southwest Bolivia. The Bonete Mining Concession entirely surrounds the Lipeña Project and both areas total 5,975 hectares. The property is located 25 km west of the small town of San Pablo de Lipez and is accessible year round by a series of gravel roads. Access to San Pablo de Lipez is by a network of roads through Uyuni or from the east through Tarija. Alternatively there is an airstrip located on the outskirts of San Pablo de Lipez.
Previous work has located three main zones of magmatic hydrothermal breccias, which have been named: La Mosa, Central and Lipeña from northwest to southeast. At surface these appear to be separate bodies, however the drill data suggests that they are likely related at depth and have been localized along a large west -- northwest trending structure.
From 2006 to 2007, the Company completed two diamond drill programs, for a total of 5,512 metres in 13 holes. These drill programs were designed to complete the following goals; verify the results of drilling by previous operator - a subsidiary of Battle Mountain Gold Corp. (1994 to 1996 - 12,690 metres in 44 holes (31 RC, 13DDH)), and to expand the known mineralized deposit in modest step-outs from historical intercepts. The results yielded significant mineralization over large intervals, which included 2.57 g/t gold over 212 metres.
2006 Lipeña Drilling Highlights
| Hole | From | To | Width | True | Au g/t | Cu % | Ag g/t | |
| Width | ||||||||
| 06DLP-45 | 240 | 378 | 138 | 119.8 | 1.68 | 1.09 | 12.54 | |
| including | 240 | 327 | 87 | 74.4 | 1.77 | 1.45 | 11.65 | |
| 06DLP-46 | 335 | 474 | 139 | 122.9 | 0.94 | 0.74 | 7.29 | |
| including | 335 | 425 | 90 | 80.9 | 1.27 | 1 | 9.38 | |
| 06DLP-47 | 231 | 443 | 212 | 172.5 | 2.57 | 1.48 | 21.94 | |
| including | 290 | 360 | 70 | 60.6 | 5.31 | 3.17 | 47.18 | |
| including | 338 | 346 | 8 | 6.9 | 23.21 | 7.5 | 90.55 | |
| 06DLP-49 | 137 | 368 | 231 | 215.6 | 0.88 | 0.71 | 12.11 | |
| including | 226 | 289 | 63 | 59.3 | 1.77 | 1.42 | 23.75 | |
| 06DLP-52 | 271.5 | 353 | 81.5 | 59.4 | 2.11 | 1.76 | 13.1 |
In 2008, New World Resource retained "Qualified Person" Ron Simpson, P.Geo of GeoSim Services Inc. to provide an independent National Instrument 43-101 compliant resource estimate. Below is the resource estimate highlights, the full report can be viewed at the bottom of this page or on SEDAR.
Indicated Resources Estimate: 5.7 million tonnes of 1.67% copper equivalent
(1.0% copper equivalent cut-off for underground resources and 0.4% cut-off for open pit resources)
321,000 ounces of gold, 236 million pounds of copper, & 7.3 million ounces of silver
Inferred Resources Estimate: 4.8 million tonnes of 1.0% Copper Equivalent
(1.0% copper equivalent cut-off for underground resources and 0.4% cut-off for open pit resources)
216,000 ounces of gold, 150 million pounds of copper, & 5.3 million ounces of silver
New World has begun a 10,000 metre diamond drill program at the Lipeña-Bonete project to expand the previously reported National Instrument 43-101 resource and test new targets in the encompassing Bonete property.
Pastos Grandes Lithium Brine Project:
The 99% owned Pastos Grandes Lithium Brine Project is located in the Sud Lipez province within the Department of Potosi Bolivia, at an elevation of approximately 4,200 metres. Bolivia is known to host the world's largest undeveloped lithium (Li) brine resource. The Pastos Grandes Property is located in the Altiplano and is part of a series of alkaline-saline lakes and salt crusts known as salars. Salars are composed of brines and salts rich in many minerals including lithium, potassium and boron.
The Pastos Grandes salar is 125 square kilometres and is located in a basin surrounded predominantly by mountainous terrain with intermittent rivers and thermal springs that discharge waters into a central lake. The area is accessible via numerous roads, with services available at the nearby town of Uyuni 100 miles to the northeast. This town of approximately 10,600 people is an important transport hub, accessed via a network of packed dirt roads, or by commercial airport.
Drilling to date at Pastos Grandes compares favourably with previous near surface sampling and continues to demonstrate excellent lithium grades and attractively low magnesium to lithium ratios.
2011 Pastos Grandes Drill Results
| Aquifer | From (m) | To (m) | Thickness (m) | Li (ppm) | K (ppm) | Mg:Li Ratio | SO4:Li Ratio |
| 1A* | 6 | 15 | 9 | 1,118 | 6,357 | 2.1 | 1.3 |
| 1B * | 30 | 46 | 16 | 877 | 4,567 | 2.4 | 2.3 |
| 2A | 7.5 | 37.5 | 30 | 182 | 1,424 | 3.3 | 3.4 |
| 3A | 6 | 36 | 30 | 140 | 816 | 2.7 | 3.2 |
| 3B | 36 | 82.5 | 46.5 | 71 | 328 | 2.8 | 4.7 |
| 4A | 6 | 12 | 6 | 939 | 5,625 | 2.6 | 3.8 |
| 4 | 12 | 42 | 30 | 1395 | 7425 | 2.5 | 1.9 |
| 4C | 31 | 48.5 | 17.5 | 1016 | 6014 | 2.5 | 2.1 |
| 12A | 13.5 | 20 | 6.5 | 1,141 | 7,516 | 2.8 | 2.5 |
| 12 | 20 | 50 | 30 | 1,368 | 6,733 | 2.0 | 1.6 |
| 18 | 24 | 53 | 29 | 1,243 | 7,691 | 2.7 | 1.9 |
*Previously released – January 18, 2011
Subsequent to the aquifer identification drilling program, several sites will be selected for hydrologic assessment. This process will involve completing a series of monitoring wells around each pump well. Controlled pumping will be carried out within the centrally located pump hole, and the monitoring wells will determine the drawdown rates for each aquifer. This data is a portion of an ongoing comprehensive hydrological assessment of the Pastos Grandes aquifer system and will be essential as the Company develops its resource estimate.
NW:CA
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