New World Intersects High-Grade and Near-Surface Gold

New World Resource Corp. announced the first seven holes of the recently completed diamond drill program at the Lipena/Bonete copper-gold project, in southern Bolivia. These seven holes total 2,509.5 metres and cover a strike length of approximately 900 m.

Highlights:

  • La Mosa drilling continues to evaluate the near-surface gold mineralization. Results include 39.4 m of 3.18 grams per tonne Au, from 12.8 m below the surface.
  • Drill hole intersects high-grade mineralization at the Lipena zone with 59.16 m of 2.01 g/t Au, 1.56% copper and 26.62 g/t silver.

Previous work has located three main zones of hydrothermal magmatic breccias, which have been named: Lipena, Central, and La Mosa. Drill hole 11DLP058 was designed to test the down dip extension of hole 06DLP047 within the Lipena zone. However due to the structurally complex nature of the deposit, the hole did not intersect the expected mineralized zone.

Drill hole 11DLP063 was designed to test a geophysical anomaly and the northeast extension of the Lipena zone. This drill hole outlines the emergence of a zonation of mineralization, with stronger silver values and lesser amounts of gold and copper.

The results from an additional five holes totalling 1,445 metres are pending, and will be released once received and compiled.

Posted January 20, 2012

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