New World Gold Successfully Tests Its Portable Concentrators
August 26 2014 - 7:00AM
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 that the testing of its portable concentrators
was very successful with excellent results. Each portable
concentrator is able to process 2 to 3 tons of ore per hour with
initial results producing a range of 4 to 8 grams of gold per ton.
The Company currently has six (6) portable concentrators. The
portable concentrators are very mobile and as a result of this
mobility are excellent at assessing different parts of the tailings
piles. The portable concentrators allow the Company access to
remote tailings piles to maximize the highest value areas for
processing. The target areas are confirmed thru independent
testing. Based on results obtained during testing - an average of
4gms per ton, a single portable concentrator will produce 96gms of
gold (3.1 Ozs) to 192 gms (6.2 gms) of gold in a 12 hour shift. The
Company has 6 portable concentrators.
Initial indications are that the portable concentrators will
help the Company assess the tailings piles and increase production,
which will allow the Company to focus on the most profitable
areas.
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 abiliuty 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.
New World Gold CorporationRobert Talbot, 561-210-8496
New World Gold (CE) (USOTC:NWGC)
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