NEWS RELEASE
PLACER DOME EXPANDS BALD MOUNTAIN EXPLORATION ADJACENT TO NEW WORLD’S LONG VALLEY CLAIMS
December 6, 2005 TSX-V Symbol: NW
New World Resource Corp. (“New World” or the “Company”) reports that Placer Dome Inc. (“Placer”) has released updated reserve and resource numbers for its Bald Mountain deposit in northeastern Nevada. Placer Dome also revealed that, prior to releasing these resource numbers, it carried out an extensive staking program to acquire a large land package extending southward from the Bald Mountain deposits to the northern boundary of the New World’s recently-staked Long Valley claims.
Placer described the area as the “southern extension of the Carlin trend“ and announced that it will spend US$15 million on exploration in the region in 2006. It also noted that it has five drill rigs currently conducting exploration and definition drilling on the property. Target areas announced by Placer include those in the southern portion of its claims block that are in close proximity to the New World’s Long Valley claims.
As announced on November 25, 2005, New World has staked over 300 claims in the Bald Mountain region. These claims, known as the Long Valley project, encompass a total of 6,756 acres and cover approximately 8.8 miles. New World’s Long Valley claims were staked based on the presence of prospective geology in the area, along trend with Placer’s Bald Mountain, Alligator Ridge and Yankee deposits.
Initial prospecting on New World’s Long Valley project has revealed outcrops of silicified breccias similar to those mined in the nearby Alligator Ridge gold deposit. The Company’s claims appear to cover the projected extension of an important north-northwest trending structure on the edge of the pediment in this emerging gold district.
Exploration work at Long Valley is under the supervision of Joan McCorquodale, P.Geo, the Company’s Vice President, Exploration, who is the qualified person, as defined in NI 43-101, on the project and is responsible for the preparation of the information contained in this news release.
Separately, the Company continues to review property submissions for potential acquisition in accordance with its commitment to build a strong, diversified project portfolio within the Americas.
NEW WORLD RESOURCE CORP.
John Lando, President |
