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New Gold Inc.
Summary
| Project: | New Afton Mine | |
|---|---|---|
| Deposit: | C-Zone | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 6/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2016: New Gold Inc. announces an Exploration/Drilling Update report for its C-Zone deposit at the New Afton Mine project. Drilling results incl. 86m @ 0.90g/t Au, 1.31% Cu from 348m at the C-Zone. June 27, 2016 – New Gold Inc. (“New Gold”) (TSX:NGD) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark A. Petersen (Internal) | |
| ABSTRACT: | June 27, 2016 – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE MKT:NGD) today provides an update on results of the company’s exploration programs at the New Afton C-zone and Peak Mines (“Peak”) for the first half of 2016. In February 2016, the company announced the results of its New Afton C-zone feasibility study, which added 25 million tonnes of gold and copper ore to New Afton’s mineral reserves and outlined the potential to add five years of mine life at current throughput rates. The C-zone is the down-plunge extension of the B-zone block cave which New Gold is currently mining at New Afton. As the C-zone mineralization remains open along strike and down plunge, the company’s primary focus for 2016 has been to test the potential to increase the C-zone mineral resource immediately around the currently contemplated block cave volume for incorporation into the C-zone block cave reserve mine plan. Additionally, New Gold has been exploring for potential extensions of the resource as it continues laterally and down plunge farther to the west. | |
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