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New Gold Inc.
Summary
| Project: | Peak Mines | |
|---|---|---|
| Deposit: | Peak Mines | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| 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 Peak Mines deposit at the Peak Mines project. Drilling results incl. 56m @ 1.39g/t Au, 4.19g/t Ag, 2.51% Cu, 0.03% Zn from 769m. June 27, 2016 – New Gold Inc. (“New Gold”) (T | |
| 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 November 2015, New Gold announced the discovery of two new zones of polymetallic mineralization, Chronos and Anjea, both located adjacent to current and past-producing mines distributed along the nine-kilometre Peak mine corridor. Chronos is a zone of gold-silver-lead-zinc mineralization located adjacent to the Peak mill and directly above the Perseverance ore body which is currently being mined. Anjea is a zone of copper-gold and silver-lead-zinc mineralization located adjacent to the historic Great Cobar mine and approximately nine kilometres north of the Peak mill. After discovering these two new zones in 2015, New Gold’s objective in 2016 has been to further delineate the Chronos and Anjea mineral resources for incorporation into the company’s 2016 year-end mineral reserve and resource estimates. The company’s 2016 exploration budgeted program at Peak totals $8 million, which is expected to include approximately 10,000 metres of drilling at each of Chronos and Anjea, as well as continued drill testing of other prospective targets along the Peak mine corridor. | |
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