Saturday, November 01, 2014 9:54:02 AM
"New World Gold Corporation Acquires Interest in a Producing Gold Mine
BOCA RATON, FL, Sep 13, 2010 (MARKETWIRE via COMTEX) -- New World Gold Corporation (PINKSHEETS: NWGC) is pleased to announce that it has acquired 54% of Andes Gold Corporation (www.andesgold-ir.com). Andes Gold Corporation, through its wholly owned subsidiary, has a producing gold mine in Ecuador S.A. Currently the mine is producing 50 tonnes of ore per day producing 8gms per tonne of gold. According to independent reports, the mine has proven reserves of 75,000 ozs of gold and a probable reserve of 500,000 ozs of gold. There are secondary veins, stringers, breccia and disseminated mineralization in the rock walls that have never been exploited or evenly properly assessed. NWGC intends to begin this assessment immediately."
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