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 is pleased to announce it will bring a new shaft on production in December, 2014.
The shaft has 27 new veins. The veins are mixed with gold, silver and copper and range in thickness from 6 inches to over 3 feet. There are 5 veins that are 3 feet or greater in width. Independent testing of the veins shows a range of 2 grms of gold per ton to 30 grms of gold per ton. The Company is in the process of developing these veins for immediate production. The Company anticipates producing 50 tons of ore per day with an average grade of 8 to 10 grms per ton from this shaft. The ore will be processed in the company's own mill.in the area.
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 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 statements to reflect events or circumstances afterward or to disclose unanticipated occurrences except as required under applicable law.