New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) announces that drilling continues on its' 99% owned Pastos Grandes lithium brine project in southwestern Bolivia.
The Company is currently drill testing and sampling the third site in an approximate eight site drill program. Initial results from the drilling are expected in January. Each site consists of a pilot hole that identifies the depth and thicknesses of the aquifers. This is then followed by drilling several holes of various depths within a tightly spaced grouping. Each hole within the grouping will independently test each aquifer as identified within the initial pilot hole. This group drilling technique will be completed in various locales dispersed throughout the project area. In addition to the brine samples being analyzed for numerous elements and polyatomic ions a series of hydrological tests are being undertaken. Samples from various aquifers have been delivered to the lab and results are pending.
The Company has completed near surface sampling of the brine to a depth of 1.3 metres. This sampling program returned very favourable results with average lithium grades of greater than 1,000 parts per million ("ppm") and potassium contents of 1.73 weight percent ("wt%"). The magnesium to lithium ratio is also very favourable at 2.2:1.
Source: New World Resource Corp.