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New Gold Inc.
Summary
| Project: | New Afton Mine | |
|---|---|---|
| Deposit: | SLC | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 5/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-5-2019: New Gold Inc. announces an Exploration/Drilling Update report for its SLC deposit at the New Afton Mine project. Drilling results incl. 68.0m @ 1.85g/t Au, 2.97% Copper. 2019 delineation and exploration programs at the New Afton and Rainy River | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michele Della Libera (Internal) | |
| ABSTRACT: | 2019 delineation and exploration programs at the New Afton and Rainy River Mines. The Company had previously announced its intention to refocus the Company’s efforts on identifying organic growth opportunities by launching strategic exploration programs at both assets. New Afton 2019 Exploration Program The New Afton delineation and exploration programs are currently underway and include three key initiatives: 1) underground drilling to delineate and expand mineral resources within the Sub-level cave (“SLC”) Zone located to the east of the planned B3 block cave (Figure 1); 2) underground exploration drilling of the D-Zone target to test the potential for additional mineral resources down plunge of the C-Zone block cave mineral reserve (Figure 1); and 3) surface geophysical and geochemical surveys along the prospective Cherry Creek trend located within three kilometres of the New Afton mill (Figure 2). SLC Zone The drilling program for the SLC Zone was launched in February, with 46 holes completed to date totalling 9,100 metres, and exceeding the originally planned 8,700 metres. Results confirm the continuity of copper-gold mineralization that measures approximately 200 by 80 metres in plan and 200 metres down dip (Figures 3 to 6). Final results for these holes will be incorporated into the Company’s 2019 year-end mineral resource update. The SLC Zone drilling program is using an average of 30 metre drill hole spacings to support the anticipated delineation of measured and indicated mineral resources. Drilling continues to test the SLC Zone mineralization as it extends to the west and at depth (Refer to Table 1 at the end of this news release for full drill results) | |
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