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New Gold Inc.
Summary
| Project: | Rainy River Mine | |
|---|---|---|
| Deposit: | Rainy River Mine | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-2-2020: New Gold Inc. announces a Resource Estimation report for its Rainy River Mine deposit at the Rainy River Mine project. Updated mineral resource and ore reserve estimate at Rainy River Mine. TORONTO--(BUSINESS WIRE)--February 13, 2020--New Gold | |
| Resources: | (Reserves, P+P): 77,572kt @ 1.06g/t Au, 2.5g/t Ag (2,636koz Au, 6,266koz Ag) | |
| CP/QP: | [Resources]: Dinara Nussipakynova (AMC Mining Consultants (Canada) Ltd.) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--February 13, 2020--New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports results of the updated Life of Mine plans for the Rainy River (“Rainy River”) and New Afton (“New Afton”) Mines. A National Instrument 43-101 (“NI 43-101”) Technical Report for each operation will be filed within 45 days. (All amounts are in U.S. dollars unless otherwise indicated). The Company is also providing updated Mineral Reserves and Resources as of December 31, 2019. A technical session will be webcast directly following the Company’s fourth quarter earnings call, which is scheduled to begin at 12:00 p.m. Eastern time. (webcast details are provided at the end of this press release. The Technical Session presentation is available on the Company’s website at newgold.com). Over the past year, the Company has undertaken a comprehensive mine optimization study for the Rainy River Mine that included a review of alternative open pit and underground mining scenarios with the overall objective of improving the return of investment and creating a life of mine plan that secures optimal profitability at a mineral reserve gold price of $1,275 per ounce. | |
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