Dallas, Texas (November 8 , 2011) – StockGuru Shines its Spotlight on New America Energy Corp. (OTCBB: NECA) which announced yesterday that it has received a reconnaissance gravity survey performed by Hasbrouck Geophysics on its Clayton Ridge lithium brine prospect. The reconnaissance survey consisted of two lines so that initial modeling of bedrock depth and elevation could be conducted. The Company closed on November 7, 2011, at $0.45, trading in a fifty-two week range of $1.05 – 0.235.
Jim Hasbrouck of Hasboruck Geophysics noted in the survey report, “although the modeling of the gravity data indicates that a substantial thickness of sediments exists in the middle of the valley between Clayton Ridge to the west and the Montezuma Range to the east, additional gravity surveys will need to be conducted in the area to determine if these bedrock and elevation lows become shallower to the south and/or north such that a closed basin exists.”
Rick Walchuk, President of New America Energy Corp., commented “This early stage gravity survey over the claim block appears to have identified a closed basin scenario conducive to a potential lithium accumulation and subsequent trap, which potentially could host commercially viable mineral rich brines.” Walchuk added, “I am excited about this early indicator of what appears to be a closed basin scenario on the Clayton Ridge prospect; we’re now looking to develop our exploration program in Nevada.”
A copy of the Gravity Survey will be posted to the Company website www.newamericaenergycorp.com in the near future.
FORWARD LOOKING STATEMENT
This announcement is not an offer to sell any New American Energy Corp. shares (“NECA”) or related securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of NECA may contain “forward looking statements.” Such forward looking statements are identified by words such as “intends,” “anticipates,” “believes,” “expects,” and “hopes” and includes, without limitation, statements regarding the resource potential of the Clayton Valley property to which NECA holds rights, and the ability to secure additional properties. Forward-looking statements express our expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond our control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of our forward-looking statements in this report or in any other public statements we make may turn out to be wrong. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.
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