$NWGC Increases Production Capability
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 it has increased its production capacity by 200 tons per day. This production facility will be fully operational by March 1, 2015. This facility has 8 chilean mills, electrolysis equipment for gold and silver recovery and a full set of flotation cells.
In a previous press release on February 4, 2015 the Company announced a contract to supply 100kilos of gold per month to a Chinese corporation. The contract has an option clause to allow New World Gold to increase the monthly delivery volume by 20 kilos per month to 120 kilos of gold per month. This new facility gives the Company the ability to exercise the option to increase the monthly delivery volume.
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.nweworldgoldcorp.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.
AI
