NWGC (New World Gold Corp) Rumored To Complete Joint Venture With Established Gold Mining Company

June 7, 2011 - PRLog -- New World Gold Corporation (Pinksheets: NWGC) has seen ongoing rumors of what is supposedly a joint venture agreement with an established gold mining company trading on the AMEX.  Currently, shares of NWGC are trading at .092 with just under 100,000 in share volume but are expected to drive up with any announcements in the coming days regarding this joint venture agreement.  With a float of just under 20 million according to OTCmarkets.com () NWGC could see intense buying pressure from this news as investor interest in the company rises over the news.

NWGC most recent press release announced that the company acquired a second mill.

"The mill has the capability of processing 40 tons of ore per day. With the upgrades that NWGC has already started to make on the mill, it will have the capability of processing 70 tones per day in the next 45 days and 100 tons per day within the next 120 days. Current daily production is 14 ozs of gold per day. As production capability increases the Company will increase the volume of ore from its own leases but also expects to increase production by purchasing additional ore from surrounding mines that do not have milling capabilities. 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." taken from the press release on May 10, 2011.

A joint venture with an established gold mining company could mean that shares of NWGC could sizzle in the coming days if the news ends up being true.

About NWGC
The mill has the capability of processing 40 tons of ore per day. With the upgrades that NWGC has already started to make on the mill, it will have the capability of processing 70 tones per day in the next 45 days and 100 tons per day within the next 120 days. Current daily production is 14 ozs of gold per day. As production capability increases the Company will increase the volume of ore from its own leases but also expects to increase production by purchasing additional ore from surrounding mines that do not have milling capabilities. 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.

About Genesis Equity Research
Genesis Equity Research provides insight into the markets most talked about, most popular and hottest stocks.  From fundamental analysis to technical insight Genesis Equity Research aims to bring traders with information at light speed today so tomorrow's runners aren't missed.

NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934.and within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.