TORONTO--(BUSINESS WIRE)-- New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) announces drill results for the New Afton Mine from an underground exploration program completed during the year 2019, which identifies gold and copper mineralization within the newly defined East Extension zone located directly beneath the Sub-level cave (SLC) and to the east of the planned C-zone block cave (Figure 1). Results to date confirm the East Extension as a 300 x 40 metres in plan and 700 metres down dip target area (Figure 2). The zone has been subdivided based upon different styles of alteration and mineralization in two distinct zones defined as Upper and Lower East Extension, which appears to represent the down-plunge extension of the Afton Pit, East Cave and SLC zone. Upper East Extension encompasses the higher 250 metres of the area with the Lower East Extension representing the down plunge continuity of it. Both zones are open to the east.
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From June 2019, the company completed 13 holes totaling 7,160 metres in the East Extension zone. A follow up drilling program has been designed for 2020 to define the extension of the mineralization in this area and to delineate a Mineral Resource that may be incorporated into the Company’s 2020 year end Mineral Reserve and Mineral Resource update. A summary of the result highlights for the East Extension are reported in the following table.
Table 1: East Extension Drill Highlights
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The full drill hole results and additional information are also enclosed in this news release.
About New Gold Inc.
New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as the 100% owned Blackwater development project. The Company also operates the Cerro San Pedro Mine in Mexico (in reclamation). New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on the Company, visit www.newgold.com