August 20, 2014 6:18 PM ET

Metals and Mining

Company Overview of Empresa Minera Boliviana SA

Company Overview

Empresa Minera Boliviana SA owns and operates properties that offer gold and silver mining and production services. The properties include El Desierto, Panizos Caldera, and Eskapa Gallery, and Wara Wara claims. Empresa Minera Boliviana SA is based in Bolivia. The company is a subsidiary of Samex Mining Corp.

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Bolivia

Key Executives for Empresa Minera Boliviana SA

Empresa Minera Boliviana SA does not have any Key Executives recorded.

Empresa Minera Boliviana SA Key Developments

New World Resource Corp. Announces the Completion of an Amended Option Agreement with Empresa Minera Marte S.R.L

New World Resource Corp. announced the completion of an amended option agreement with Empresa Minera Marte S.R.L. (MARTE), whereby MARTE has earned 20% interest in the Lipena copper-gold project (Lipena) in Southern Bolivia. Under the terms of the agreement, MARTE earned an additional 20% interest by spending $1,250,000 in mineral exploration expenditures on the Lipena copper-gold project.

New World Resource Corp. Updates Underground Exploration Program at the Lipeña Copper-Gold Project in Southern Bolivia with Empresa Minera Marte S.R.L

New World Resource Corp. announced an update on the underground exploration program at the Lipeña copper-gold project in southern Bolivia with Empresa Minera Marte S.R.L. MARTE constructed adits and commenced underground exploration on two levels; Level 0 and Level 40, which is 40 metres above Level 0. MARTE intersected mineralization on Level 0 and expects to reach known mineralization on Level 40 within the coming weeks. MARTE is a partner with New World and pursuant to the amended option agreement, MARTE has been granted an option to acquire 20% of the company's 57.6% interest in Lipeña by spending USD 1,250,000 in mineral exploration expenditures on the Project over a period of 12 months. Upon completion of the transaction, MARTE will hold 62.4% and New World will hold 37.6%. MARTE constructed underground adits to establish access into a known structure to obtain samples for metallurgical testing and bulk samples. Historical assays from rotary drilling carried out in 1995 by a subsidiary of the former Battle Mountain Gold company outline that a structure containing high-grade silver was discovered. Historical rotary drill hole LP-04 contained 1,253 grams per tonne silver over 6 metres, which included 3,900 g/t silver over 1.5 metres. The high-grade silver structure appears continuous to surface with a series of veins and veinlets sampled ranging in thickness from 0.1 to 1.5 metres. Historical drill results were analyzed at Laboratorio de Exploración Inti Raymi, Bolivia. The historical drill results were prepared prior to the implementation of NI 43-101. The company is not aware of any subsequent drill results at this location and there has not yet been sufficient work completed to confirm the accuracy of the historical results. At the Level 0 adit, MARTE intersected a shear zone averaging 10.5 metres in thickness. A composite sample across the zone returned values of 150 g/t silver, 4.2% copper, 2.1% zinc, 0.5% lead and 0.8% antimony. A 0.9 metre vein parallel to the shear zone returned values of 148 g/t silver, 5.4% copper, 2.4% zinc, 0.6% lead and 1.5% antimony.

Empresa Minera Boliviana SA Acquires 17.4% Interest in the Lipena Copper-Gold Project in Southern Bolivia

New World Resource Corp. announced that pursuant to an amended option agreement the company has received the second cash installment of $250,000 from Empresa Minera Marte S.R.L (MARTE) whereby MARTE has earned 17.4% interest in the Lipena copper-gold project in Southern Bolivia. Under the terms of the agreement, MARTE may earn an additional 20% by spending $1,250,000 in mineral exploration expenditures on the Lipena copper-gold project over a period of 12 months. New World now holds 57.6% of the Lipena project and MARTE holds 42.6%. Upon Completion of the transaction, MARTE will hold 62.4% and New World will hold 37.6%.

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