New Gold Announces Continued Growth September 16, 2024
New Gold Announces Continued Growth At New Afton's K-Zone And HW Zone
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Highlights the Upside Potential from Multiple High-Grade Copper-Gold Porphyry Zones in the Eastern Sector of the Mine
September 16, 2024 – New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) is pleased to provide an update on its ongoing exploration program at its New Afton mine in British Columbia, Canada. Following successful exploration results at K-Zone earlier this year (see news release dated May 29, 2024), exploration drilling in the eastern part of the mine continues to intersect high-grade copper-gold porphyry mineralization.
"These exceptional results further highlight the exploration upside around the New Afton mine. The eastern sector of the mine, which includes the spectacular grades of K-Zone, new high-grade mineralization at HW Zone, and the existing East Extension mineral resource, is developing into a promising opportunity for a new high-grade mining area." stated Patrick Godin, President and CEO. "Additionally, the location of these zones above the elevation of the C-Zone extraction level and close to existing infrastructure, could minimize the capital and time required to bring these zones into production."
Exploration Drilling at K-Zone Delivers Results Exceeding Previously Reported Grades and Intersects Additional Mineralized Lenses to the North
Drilling from the recently completed exploration drift intersected a series of high-grade bornite dominant lenses hosted within a broader chalcopyrite-bearing halo, together forming a copper-gold mineralized system extending over 300 metres in strike and locally exceeding 50 metres in width (Figure 1). Borehole EA24-510 intersected some of the best grade discovered to date at New Afton.
K-Zone drilling highlights1,2:
2.83% copper mineralization and 1.90 g/t gold (4.14% CuEq) over 84 metres core length (30 metres estimated true width) in Borehole EA24-510 including:
4.18% copper mineralization and 3.03 g/t gold (6.27% CuEq) over 50 metres core length (18 metres estimated true width) in bornite-bearing zone
0.99% copper mineralization and 1.23 g/t gold and (1.79% CuEq) over 169 metres core length (40 metres estimated true width) in Borehole EA24-516 including:
1.60% copper mineralization and 1.87 g/t gold (2.83% CuEq) over 76 metres core length (19 metres estimated true width) in bornite-bearing zone
3.25% copper mineralization and 1.91 g/t gold (4.57% CuEq) over 36 metres core length (19 metres estimated true width) in Borehole EA24-519 in bornite-bearing zone
1.13% copper mineralization and 1.43 g/t gold and (2.07 CuEq%) over 93 metres core length (33 metres estimated true width) in Borehole EA24-520 including:
1.66% copper mineralization and 2.14 g/t gold (3.07 CuEq%) over 54 metres core length (19 metres estimated true width) in bornite-bearing zone
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https://newgold.com/news-events/news/news-details/2024/NEW-GOLD-ANNOUNCES-CONTINUED-GROWTH-AT-NEW-AFTONS-K-ZONE-AND-HW-ZONE-/default.aspx
New Gold Expands September 11, 2024
New Gold Expands Open Pit and Underground Mineralization at Rainy River, Demonstrates Strong Support For Mineral Resources Growth
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September 11, 2024 – New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) is pleased to provide an update on its ongoing Rainy River exploration program. Over the first eight months of 2024, exploration drilling at Rainy River has proven successful in advancing the Company’s exploration objectives to expand existing resource envelopes, confirm the continuity of potential new mining zones, and grow the mineralized footprint through new near-mine discoveries. These results are expected to have a positive impact on Rainy River’s mineral resource estimate at year-end 2024 and provide high-quality targets as the foundation of the Company’s exploration strategy in the coming years.
“The strong exploration results support our ongoing exploration strategy and confirm the upside potential remaining at Rainy River” stated Patrick Godin, President and CEO. “This is our first major drilling campaign since 2017, and it is delivering positive results, confirming that the deposit remains open at depth and along strike, highlighting the potential for additional underground reserves close to existing infrastructure, while shallow drilling of near-surface targets demonstrates the potential for additional open pit reserves.”
Underground Zones Extended Along Strike and at Depth, New Gold Mineralization Intersected between Intrepid and Underground Main
Diamond drilling conducted from surface and from underground confirmed the extension of gold mineralization along strike at Intrepid and down-plunge at the ODM East and 17-East zones of Underground Main (“UG Main”). In addition, diamond drilling from the connection ramp between Intrepid and UG Main led to the intersection of sulphide-bearing gold mineralization above current underground mining cut-off grade (1.74 g/t AuEq) and minimum mining width (2.4 metres) at the Gap Area target.
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https://newgold.com/news-events/news/news-details/2024/New-Gold-Expands-Open-Pit-and-Underground-Mineralization-at-Rainy-River-Demonstrates-Strong-Support-For-Mineral-Resources-Growth-2024-zsuCsCnwki/default.aspx
New Gold Inc. New Gold Announces Operations at the Rainy River Mine Have Resumed
TORONTO, July 29, 2024 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announces that operations resumed during the day shift on Saturday July 27th at the Rainy River Mine in northwestern Ontario, following the employee fatality reported on July 24th. Operations safely resumed Saturday, as no other equipment or site infrastructure was impacted in the incident. New Gold is supporting the authorities with their investigation.
The thoughts of management remain with the family, friends and colleagues who have been impacted by this tragic incident. The health, safety and wellbeing of our employees is our top priority.
https://newgold.com/news-events/news/news-details/2024/NEW-GOLD-ANNOUNCES-OPERATIONS-AT-THE-RAINY-RIVER-MINE-HAVE-RESUMED/default.aspx