New World Gold Corporation
NWGC.PK
New World Gold Corp. 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 after China and South Africa. America is also a net exporter of gold. New World management believes there are huge opportunities to acquire small non-producing mines that have undiscovered reserves waiting to be unearthed.
New World has two major U.S. projects
The Montana Project
The state of Montana is the most prolific producer of gem-quality sapphires in North America. Three major mining areas (Missouri River, Dry Cottonwood Creek and Rock Creek) supply the stones seen in the international marketplace today.
Gold miners first discovered sapphires in Montana in May of 1865 near the Missouri River, along with additional finds in 1889 and 1892 in other areas. The most notable deposits are Rock Creek and the Eldorado Bar.
The New World Gold leases are part of the Eldorado Bar deposits. In 1895, samples were sent via an assayer to Dr. George F. Kunz at Tiffany & Co who purchased the very fine sapphires. This was the beginning of an ongoing relationship between Tiffany’s and the sapphires of Montana, which continues today. The Montana Sapphire has become world famous because some of the blue sapphires 
it resemble the coveted Kashmir India Blue velvety sapphire. These sapphires from India and Burma have sold for $100,000/carat and of course lesser quality sapphires have been $50/carat, based on quality.
The Colorado Project
The company has a 33% interest in the Colorado project with the opportunity to increase its interest to 50%. The project has previously been in production and already has established facilities for production.
International Projects
The company has two international gold projects in production. Both projects have proven and producing gold reserves based on significant drilling and development work. The reserves, based on the historical work and work completed to date, appear to be significant.
Development of these projects will continue on an on-going basis with consideration regarding political stability in the regions. The international reserves, while excellent projects with significant reserves, also needs the time to let the infrastructure catch up with the development of the projects.
For more information, visit newworldgoldcorp.com