New World Gold Discovers Rare Earth Deposit on One of Its Gold Concessions
02 März 2015 - 5:50AM
Business Wire
New World Gold Corporation (OTC: NWGC), a gold
mining and milling company with existing operations in Ecuador and
Peru, wishes to announce that during exploitation and development
of one of its gold concessions, it discovered a rare earth deposit.
Independent analysis results indicate that the rare earth mineral
discovered is Antimony. Preliminary testing results indicate that
there is significant economic reserves present on the
concession.
Since discovery of the antimony deposit, the
Company has had significant interest in the deposit. The Company is
negotiating with several companies including a Chinese group to
option and then develop the deposit. The British Geological Survey
reported in 2005, The Peoples Republic of China was the top
producer of antimony with approximately 84% of the worlds share
followed at a distance by South Africa and Boliva. Roskill
Consulting estimates that primary production of Antimony shows that
in 2010, China held 76.75% of the worlds supply of antimony
followed by Russia with 4.14%. Antimony was identified as one of 12
critical raw materials for the EU in a report published in 2011,
primarily due to this lack of supply outside China.
Processed antimony is used as an alloy to
strengthen tin and steel. Antimony compounds contain fire
retardants found in many commercial and domestic products like
stoves and refrigerators. There is an emerging application for the
use of antimony in microelectronics.
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
statement, to reflect events or circumstances afterward, or to
disclose unanticipated occurrences except as required under
applicable law.
New Work Gold CorporationRobert Talbot,
561-210-8496www.newworldgoldcorp.com
New World Gold (CE) (USOTC:NWGC)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
New World Gold (CE) (USOTC:NWGC)
Historical Stock Chart
Von Nov 2023 bis Nov 2024
Echtzeit-Nachrichten über New World Gold Corp (CE) (OTCMarkets): 0 Nachrichtenartikel
Weitere New World Gold Corp. (PC) News-Artikel