New World Gold Corp. (NWGC:OTCBB) is in the process of defining and producing gold reserves on existing leases, while attempting to acquire additional gold reserves. The corporate strategy takes a long-term result-oriented approach to exploration and development in an efficient, profitable manner, while remaining environmentally responsible.
The company has two categories of gold reserves: Domestic and International. The United States remains one of the world’s most important gold producers. The United States is the third largest gold producing nation behind only China and South Africa. America is also a net exporter of gold. The USGS believes that there is $700 billion worth of gold in the United States that remains undiscovered. The company feels that there are huge opportunities to acquire small non-producing mines that have undiscovered reserves waiting to be unearthed.
The company will focus on its domestic reserves as a priority, as they can be brought on production this year. The United States is mining friendly, has political stability and a terrific infrastructure.
Highlights:
1. Proven developed gold reserves — Ready to start production. 2. Price of gold reaches new highs. 3. "Demand for gold expected to be strong in 2010 driven by growing demand for jewelry in China and India." — World Gold Council 4. Montana's sapphires have an ongoing 100 year relationship with Tiffany's. 5. Shortage of sapphires worldwide offers great opportunities to New World Gold. 6. Corp. to open new distribution channels of sapphires from its leases in Montana.
News 
Market Data 
Discover 
AI
