New World Gold Will Start The Exploration Of Gold Mines In Montana
September 2nd, 2009
New World Gold Corporation is an exploration company focused on exploration and development of gold prospects. The Company will continue to expand the gold reserves. Mining companies, New World Gold will start the exploration of gold mines in Montan. Based on the results of a geologist study, the gold mine that will be explored to have a significant gold reserves to be developed. New World Gold has entered into Letter of Intent with the exploration company to obtain rental permits 50% of gold mine site in Montana.
Estimated results of gold mining exploration will be done in the first year will result in 3000 ozs gold extraction costs $ 290 USD per oz. It is expected that the joint venture gold mining exploration can be developed and the results of gold production can be increased every year.
The Company is confident that based on existing data that there are significant developed proven gold reserves to justify mining beginning as soon as possible. The joint venture is projecting that gold production in the first year will be approximately 3000 ozs of gold with an extraction cost of $ 290 USD per oz .. It is expected that as the joint venture continues to develop and define the leases that the production will increase on a yearly basis.
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 revenue is generated from the producing leases, funds will be used to continue to develop the company’s other gold leases. 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.
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