TSX TSX-VEN CDN Any US
Canadian Company Press Releases
NW 2005-09-19 (provided courtesy of CCNMatthews .)
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New World Terminates La Juliana Option
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 20, 2005) - New World
Resource Corp. ("the "Company") (TSX VENTURE:NW) announces that,
following a review of the results, announced on September 15, 2005, of
its initial drill program on the La Juliana gold prospect in Sonora
State, Mexico, it will not make the US$450,000 payment required to
maintain its option on the property. New World has delivered notice to
Chesapeake Gold Corp. ("Chesapeake") of its intention to terminate its
option agreement with Chesapeake on La Juliana.
Future Activities
The Company has an option agreement with exploration geologist Jim
McFaull to acquire a 100% interest in 20 quartz mining claims in the
Klondike region of the Yukon Territory. The Company is awaiting results
from initial exploration drilling on the claims, and will report those
results when they are available.
The Company has approximately $1,400,000 in treasury, and a strong
geological team and infrastructure. New project generation has been a
priority over the last six months and confidentiality agreements have
been signed with major industry contacts. The Company's geological team
is presently assessing a short list of projects that meet its criteria
and have the potential to advance the Company's goal of becoming a
multi-project mining exploration company, focused on the Americas.
NEW WORLD RESOURCE CORP.
John Lando, President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
New World Resource Corp.
John Lando
(604) 669-2701 or Toll Free: 1-800-663-0510
or
New World Resource Corp.
Don Flahiff
(604) 669-2701 or Toll Free: 1-800-663-0510
info@newworldresource.com
www.newworldresource.com
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