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25.08.2011 (271 Days Ago)
| Title | New World Gold Corporation (NWGC) | ||
| Country | United States |
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Description
NWGC is focused on the exploration & development of gold prospects.
NWGC takes a result-oriented approach to exploration and development in an efficient,
profitable manner, while remaining environmentally responsible.
NWGC is actively examining many leases with the intention of increasing its proven reserves.
NWGC has 3 producing gold mines and 2 operational mills.
NWGC is currently upgrading its mills and expecting record-breaking revenues for 2011.
NWGC In March reported revenues of $861,100 in the first quarter of 2011 compared to nil revenues in 2010.
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NWGC takes a result-oriented approach to exploration and development in an efficient,
profitable manner, while remaining environmentally responsible.
NWGC is actively examining many leases with the intention of increasing its proven reserves.
NWGC has 3 producing gold mines and 2 operational mills.
NWGC is currently upgrading its mills and expecting record-breaking revenues for 2011.
NWGC In March reported revenues of $861,100 in the first quarter of 2011 compared to nil revenues in 2010.
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Recent Developments of NWGC's Growth and Achievements (June 2011)
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For the past few months NWGC has been witnessing unprecedented growth, featuring joint ventures, partnerships,
and multiple acquisitions.
NWGC recently announced the acquisition of a second mill with the capability of processing 40 tons of ore per day..
With the upgrades in progress now, it will have the capability of processing 70 tons per day in the next 45 days
and 100 tons per day within the next 120 days.
There are several active mining properties in this region and NWGC's milling facility is the only mill within 100 miles.Â
This means NWGC can process its own reserves and at the same time purchase ore from other mines in the areaÂ
generating secondary cash flows.
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Preliminary studies indicate that the average grade from surrounding mines will be 2.0 ozs of gold per ton
with potential pockets of ore as high as 8 ozs og gold per ton.
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and multiple acquisitions.
NWGC recently announced the acquisition of a second mill with the capability of processing 40 tons of ore per day..
With the upgrades in progress now, it will have the capability of processing 70 tons per day in the next 45 days
and 100 tons per day within the next 120 days.
There are several active mining properties in this region and NWGC's milling facility is the only mill within 100 miles.Â
This means NWGC can process its own reserves and at the same time purchase ore from other mines in the areaÂ
generating secondary cash flows.
 Â
Preliminary studies indicate that the average grade from surrounding mines will be 2.0 ozs of gold per ton
with potential pockets of ore as high as 8 ozs og gold per ton.
        Â
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Share Structure: (per TA)
OS: 59,395,175
AS: 300 million
Float: 25,023,041
Click for current quote, news and financials re:Â otcmarkets
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New World Gold Corporation (NWGC)
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