Published:
New World Gold Enters Into Negotiations to Acquire Additional Gold Reserves
New World Gold Corporation (PINKSHEETS: NWGC) wishes to announce that it has entered into negotiations with a
US-based exploration company to acquire an interest in gold leases in the
United States. The leases being considered have proven developed gold
reserves based on independent reports. New World Gold is in the process of
verifying the gold reserves. Current reports show that production on the
leases will start in early 2010.
The independent reports project that the reserves will generate significant
gross revenues.
New World Gold Corporation is an exploration company focused on exploration
and development of gold prospects. The Company will continue to expand its
gold reserves. As the price of gold stays at its current levels above $900
US, properties that may have previously been marginally economical are now
very viable. Gold World on June 9, 2009 wrote, "The largest gold rush in
history is right around the corner." The Company will continue to
aggressively look for additional gold leases. The Company's corporate
strategy involves long-term result-orientated approach to exploration and
development.
New World Gold Corporation trades in the United States on the NQB Pink
Sheets under the symbol "NWGC". For further information, please contact the
Company at (561) 393 2993.
NOTE: Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Act of 1995. Such
statements involve known and unknown risks, uncertainties and other factors
that may cause results to differ materially. Such risks, uncertainties and
other factors include but are not limited to new economic conditions and
factors described in independent reports, company reports, and other
filings with regulatory bodies.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,Manufacturing and Production:MiningandMetals, ,INTHPINK,INTHPINK,FL,BOCA RATON, FL
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