New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE
American: NGD) provides an update on the 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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190529005253/en/
Figure 1: New Afton Mine footprint with
target locations (Graphic: Business Wire)
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).
SLC Zone Drill Highlights
Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold(g/t)
Copper(%)
EA19-202 88 156 68 66.4 1.85
2.97 Includes 90 122 32 31.2
2.89 4.33 EA19-204 132 156.7 24.7 24 2.48 0.74
Includes 146 154 8 7.8 5.01
0.95 EA19-210 124 151.8 27.8
25.9 1.43 0.51 EA19-213 164 222 58 47.1 0.74 0.56
Includes 164 174 10 8.1 1.42
1.34 EA19-215 74 106 32 31.8 1.75 2.42 122 152 30 29.8 1.64
0.90 152 154 2 2.0 48.90
1.73 EA19-217 38 46 8 7.8 2.33 1.80 80 158 78 76.6 1.01 1.41
Includes 82 130 48 47.1 1.27 1.96 158 160 2 2.0 20.00 2.52 160 176
16 15.7 2.08 0.31 Includes 166 172 6
5.9 3.80 0.57 EA19-228 164 226 62 38.6 1.20 1.11
Includes 172 200 28 17.4 1.98
1.70 EA19-230 50 135 85 82.2
1.31 1.57
D-Zone
Exploration drilling in the D-Zone was launched in the second
quarter of 2019 and is designed to test the potential for
additional mineral resources below the C-Zone block cave reserve.
Two holes totalling 1,630 metres of the planned 8,500 metres have
been completed to date, which have intercepted moderate to strong
chalcopyrite mineralization over narrow widths within a broader
zone of weaker mineralization. A third step-out hole to evaluate
whether the grade and thickness of copper-gold occurrences increase
further down plunge is in progress. Results of this initial test
will be evaluated following the conclusion of the drilling program
in August.
Cherry Creek Trend
Exploration of the regional mineral tenements as they extend
outside the New Afton Mine lease will be launched as early as the
third quarter of 2019, once permits have been received.
Reconnaissance surveys that were completed in 2017 and 2018
identified a 12 kilometre trend of anomalous copper-gold
mineralization associated with epithermal and porphyry style
alteration along the Cherry Creek fault trend, located within three
kilometres of the New Afton Mine site. Geochemical and geophysical
grid surveys are planned to define and prioritize prospective
targets to be further evaluated through a first pass drilling
campaign scheduled to commence towards the end of the third quarter
of 2019.
Rainy River 2019 Exploration Program
Exploration drilling to test the potential for additional gold
mineralization in the sequence of favourable host rocks as it
extends north of the Intrepid Zone will commence at the end of May.
Additionally, surface reconnaissance exploration over the Company’s
broader regional claim holdings to the northeast and southwest of
the mine area is planned to start early in the third quarter of
2019 (Figure 7).
About New Gold Inc.
New Gold is a Canadian-focused intermediate gold mining Company.
The Company has a portfolio of two core producing assets in
top-rated jurisdictions, the Rainy River and New Afton Mines in
Canada. The Company also operates the Cerro San Pedro Mine in
Mexico (which transitioned to residual leaching in 2016). In
addition, New Gold owns 100 per cent of the Blackwater project
located in Canada. New Gold’s objective is to be a leading
intermediate gold producer, focused on the environment and social
responsibility. For further information on the Company, please
visit www.newgold.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including
any information relating to New Gold’s future financial or
operating performance are “forward looking”. All statements in this
news release, other than statements of historical fact, which
address events, results, outcomes or developments that New Gold
expects to occur are “forward-looking statements”. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the use of forward-looking
terminology such as “plans”, “expects”, “is expected”, “budget”,
“scheduled”, “targeted”, “estimates”, “forecasts”, “intends”,
“anticipates”, “projects”, “potential”, “believes” or variations of
such words and phrases or statements that certain actions, events
or results “may”, “could”, “would”, “should”, “might” or “will be
taken”, “occur” or “be achieved” or the negative connotation of
such terms. Forward-looking statements in this news release
include, among others, statements with respect to future
exploration activities and the timing of such activities, the
results of exploration activities including future reserve or
resource estimates and their timing, and expansion of
mineralization and future growth opportunities.
All forward-looking statements in this news release are based on
the opinions and estimates of management as of the date such
statements are made and are subject to important risk factors and
uncertainties, many of which are beyond New Gold’s ability to
control or predict. Certain material assumptions regarding such
forward-looking statements are discussed in this news release, New
Gold’s latest annual management’s discussion and analysis
(“MD&A”), Annual Information Form and Technical Reports filed
at www.sedar.com and on EDGAR at www.sec.gov. In addition to, and
subject to, such assumptions discussed in more detail elsewhere,
the forward-looking statements in this news release are also
subject to the following assumptions: (1) there being no
significant disruptions affecting New Gold’s operations; (2)
political and legal developments in jurisdictions where New Gold
operates, or may in the future operate, being consistent with New
Gold’s current expectations; (3) the accuracy of New Gold’s current
mineral reserve and mineral resource estimates; (4) the exchange
rate between the Canadian dollar and U.S. dollar, and to a lesser
extent, the Mexican Peso, being approximately consistent with
current levels; (5) prices for diesel, natural gas, fuel oil,
electricity and other key supplies being approximately consistent
with current levels; (6) equipment, labour and materials costs
increasing on a basis consistent with New Gold’s current
expectations; (7) arrangements with First Nations and other
Aboriginal groups in respect of the Rainy River and New Afton mines
being consistent with New Gold’s current expectations; and (8) all
required permits, licenses and authorizations being obtained from
the relevant governments and other relevant stakeholders within the
expected timelines and the absence of material negative comments
during the applicable regulatory processes.
Forward-looking statements are necessarily based on estimates
and assumptions that are inherently subject to known and unknown
risks, uncertainties and other factors that may cause actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. Such factors include, without
limitation: significant capital requirements and the availability
and management of capital resources; additional funding
requirements; price volatility in the spot and forward markets for
metals and other commodities; fluctuations in the international
currency markets and in the rates of exchange of the currencies of
Canada, the United States and, to a lesser extent, Mexico;
discrepancies between actual and estimated production, between
actual and estimated mineral reserves and mineral resources and
between actual and estimated metallurgical recoveries; risks
related to early production at the Rainy River Mine, including
failure of equipment, machinery, the process circuit or other
processes to perform as designed or intended; fluctuation in
treatment and refining charges; changes in national and local
government legislation in Canada, the United States and, to a
lesser extent, Mexico or any other country in which New Gold
currently or may in the future carry on business; taxation;
controls, regulations and political or economic developments in the
countries in which New Gold does or may carry on business; the
speculative nature of mineral exploration and development,
including the risks of obtaining and maintaining the validity and
enforceability of the necessary licenses and permits and complying
with the permitting requirements of each jurisdiction in which New
Gold operates, the lack of certainty with respect to foreign legal
systems, which may not be immune from the influence of political
pressure, corruption or other factors that are inconsistent with
the rule of law; the uncertainties inherent to current and future
legal challenges New Gold is or may become a party to; diminishing
quantities or grades of mineral reserves and mineral resources;
competition; loss of key employees; rising costs of labour,
supplies, fuel and equipment; actual results of current exploration
or reclamation activities; uncertainties inherent to mining
economic studies; changes in project parameters as plans continue
to be refined; accidents; labour disputes; defective title to
mineral claims or property or contests over claims to mineral
properties; unexpected delays and costs inherent to consulting and
accommodating rights of Indigenous groups; risks, uncertainties and
unanticipated delays associated with obtaining and maintaining
necessary licenses, permits and authorizations and complying with
permitting requirements. In addition, there are risks and hazards
associated with the business of mineral exploration, development
and mining, including environmental events and hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins,
excess water, flooding and gold bullion losses and risks associated
with the start of production of a mine, such as Rainy River, (and
the risk of inadequate insurance or inability to obtain insurance
to cover these risks) as well as “Risk Factors” included in New
Gold’s Annual Information Form, MD&A and other disclosure
documents filed on and available at www.sedar.com and on EDGAR at
www.sec.gov. Forward-looking statements are not guarantees of
future performance, and actual results and future events could
materially differ from those anticipated in such statements. All of
the forward-looking statements contained in this news release are
qualified by these cautionary statements. New Gold expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
Technical Information
The scientific and technical information in this news release
has been reviewed and approved by Mr. Michele Della Libera,
Director Exploration of New Gold. Mr. Della Libera is a
Professional Geoscientist (P.Geo.) and Practising Member of the
Engineers and Geoscientists of British Columbia, the Association of
Professional Geoscientists of Ontario and a “Qualified Person” as
defined under National Instrument 43-101. Mr. Della Libera has
verified the data disclosed in this news release, including the
exploration, analytical and testing data underlying the
information. His verification included a review of the applicable
assay databases and reviews of the assay certificates. No
limitations were imposed on Mr. Della Libera’s verification
process.
New Gold maintains a Quality Assurance / Quality Control
(“QA/QC”) program at its New Afton mine operation using industry
best practices and is consistent with the QA/QC protocols in use at
all of the Company’s exploration and development projects. Key
elements of New Gold’s QA/QC program include chain of custody of
samples, regular insertion of certified reference standards and
blanks, and duplicate check assays. Drill core is sampled at
regular two metres intervals, halved and shipped in sealed bags to
Actlabs Laboratories in Kamloops, British Columbia. Additional
information regarding the Company’s quality assurance processes is
set out in the March 25, 2015 New Afton NI 43-101 Technical Report
available at www.sedar.com.
For additional technical information on New Gold’s material
properties, including a detailed breakdown of Mineral Reserves and
Mineral Resources by category, as well as key assumptions,
parameters and risks, refer to New Gold’s Annual Information Form
for the year ended December 31, 2018.
Cautionary Note to U.S. Readers Concerning Estimates of
Mineral Reserves and Mineral Resources
Information concerning the properties and operations of New Gold
has been prepared in accordance with Canadian standards under
applicable Canadian securities laws, and may not be comparable to
similar information for United States companies. The terms "Mineral
Resource", "Measured Mineral Resource", "Indicated Mineral
Resource" and "Inferred Mineral Resource" used in this news release
are Canadian mining terms as defined in the Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM") Definition Standards for
Mineral Resources and Mineral Reserves adopted by CIM Council on
May 10, 2014 and incorporated by reference in National Instrument
43-101. While the terms "Mineral Resource", "Measured Mineral
Resource", "Indicated Mineral Resource" and "Inferred Mineral
Resource" are recognized and required by Canadian securities
regulations, they are not defined terms under standards of the
United States Securities and Exchange Commission. As such, certain
information contained in this news release concerning descriptions
of mineralization and mineral resources under Canadian standards is
not comparable to similar information made public by United States
companies subject to the reporting and disclosure requirements of
the United States Securities and Exchange Commission.
An "Inferred Mineral Resource" has a great amount of uncertainty
as to its existence and as to its economic and legal feasibility.
Under Canadian rules, estimates of inferred mineral resources may
not form the basis of feasibility or pre-feasibility studies. It
cannot be assumed that all or any part of an "Inferred Mineral
Resource" will ever be upgraded to a higher confidence category.
Readers are cautioned not to assume that all or any part of an
"Inferred Mineral Resource" exists or is economically or legally
mineable.
Under United States standards, mineralization may not be
classified as a "Reserve" unless the determination has been made
that the mineralization could be economically and legally produced
or extracted at the time the reserve estimation is made. Readers
are cautioned not to assume that all or any part of the measured or
indicated mineral resources will ever be converted into mineral
reserves. In addition, the definitions of "Proven Mineral Reserves"
and "Probable Mineral Reserves" under CIM standards differ in
certain respects from the standards of the United States Securities
and Exchange Commission.
Table 1: SLC and D-Zone Drill Assay
Summary
Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
EA19-202 0.78 36 35.22
0.06 0.13
SLC Zone 36 42
6 2.16 0.67
42 70 28 0.05
0.11 70 88 18
0.04 0.04
SLC Zone 88
156 68 66.4 1.85
2.97 Includes 90 122 32
31.2 2.89 4.33 Includes 130 140
10 9.8 1.32 2.65 156 172
16 0.03 0.06 172
184 12 0.26 0.29
184 190.5 6.5 0.05
0.03 EA19-203 0.67 6 5.33
0.01 0.07 6 66 60
0.05 0.12 66 194 128
0.02 0.04 194 210
16 0.12 0.14 210
249.94 39.94 0.03 0.06
EA19-204 0.78 34 33.22
0.05 0.11
SLC Zone 34 42
8 7.8 0.88
1.24 42 106 64
0.19 0.31 106 132 26
0.19 0.31
SLC Zone
132 156.67 24.67
24.0 2.43 0.74 Includes
146 154 8 7.8 5.01 0.95 EA19-205
0.65 6 5.35 0.02
0.07 6 44 38 0.07
0.11 44 80 36
0.04 0.08 80 150 70
0.01 0.03 150 166
16 0.02 0.11 166
200 34 0.02 0.05
SLC
Zone 200 206 6
4.3 0.64 0.87 206
276 70 0.01 0.02
276 285.6 9.6 0.14
0.11 EA19-206 0.62 38 37.38
0.06 0.10
SLC Zone 38
46 8 0.78
0.78 46 118 72
0.02 0.03 118 152 34
0.16 0.15
SLC Zone
152 168 16 13.9
0.56 0.64 168
173.13 5.13 0.04 0.08
EA19-207
0.55
22
21.45
0.08
0.05
22 32 10 0.25
1.45 32 88 56
0.01 0.02 88 98 10
0.06 0.14
SLC Zone 98
129.84 31.84 30.5
0.41 0.65 Includes 114 128
14 13.4 0.60 1.11 EA19-208 0
18 18 0.05 0.07
18 26 8 0.09 0.09
26 34 8 0.57
0.24 Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
34 56 22 0.02
0.08
SLC Zone 56 72
16 10.3 1.20
1.08 72 100 28
0.03 0.05 100 118 18
0.12 0.33 118 146
28 0.04 0.07 146
170 24 0.36 0.13
170 180 10 0.09
0.05 180 192 12
0.45 0.20 192 206 14
0.14 0.08 206 246.86
40.86 0.04 0.04 EA19-209
0.19 10 9.81 0.06 0.12
10 52 42 0.02
0.04 52 58 6
0.11 0.21
SLC Zone 58
84 26 25.9 1.09
1.40 84 100 16
0.06 0.17 100 124.97
24.97 0.27 0.36 EA19-210
0.61 26 25.39 0.10 0.14
26 36 10 0.01
0.08 36 46 10
0.62 0.60 46 78 32
0.02 0.03 78 124
46 0.05 0.10
SLC Zone
124 151.79 27.79
25.8 1.43 0.51 Includes
146 151.79 5.79 5.4 3.69 1.07
EA19-211 0.62 34 33.38
0.09 0.09 34 64 30
0.02 0.11 64 70 6
0.21 0.40 70 98 28
0.01 0.02 98 110
12 0.27 0.20 110
118 8 0.02 0.06
118 128 10 0.27
0.24 EA19-211 128 148 20
0.04 0.09
SLC Zone 148
158 10 9.1 0.42
0.24 158 212.45 54.45
0.03 0.01 EA19-212 0.76
12 11.24 0.03 0.05
12 54 42 0.06 0.13
54 68 14 0.66 0.75
68 80 12 0.14
0.24 80 144 64
0.05 0.02
SLC Zone 144
174 30 22.6 0.57
0.77 Includes 148 154 6
4.5 0.94 1.17
SLC Zone 162
170 8 6.0
0.79 1.26 174 186
12 0.05 0.09 186
198 12 0.08 0.30
198 221.89 23.89 0.09
0.15 EA19-213 0.15 38 37.85
0.08 0.10 38 66 28
0.02 0.06 Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
66 84 18 0.05
0.16 84 108 24
0.05 0.04 108 140 32
0.04 0.12 140 164
24 0.12 0.07
SLC Zone
164 222 58
47.1 0.74 0.56 Includes
164 174 10 8.1 1.42 1.34
222 240 18 0.01
0.02 EA19-214 0.66 10 9.34
0.07 0.14 10 24 14
0.03 0.06 24 34 10
0.34 0.86 34 92
58 0.02 0.04
SLC Zone
92 128 36
36.0 1.17 0.53 Includes
92 104 12 12.0 1.51 1.25
128 132.59 4.59 0.05
0.05 EA19-215 0.57 22 21.43
0.05 0.06 22 32 10
0.37 0.25 32 74
42 0.02 0.03
SLC Zone
74 106 32
31.8 1.75 2.42 106
122 16 0.07 0.09
SLC
Zone 122 152 30
29.8 1.64 0.90 SLC
Zone 152 154 2
2.0 48.90 1.73 154
157.58 3.58 0.23 0.05
EA19-216
0.59
24
23.41
0.07
0.10
SLC Zone 24 30 6
5.6 1.01 0.64
30 68 38 0.01 0.01
SLC Zone 68 90 22
20.7 0.51 0.79
90 106 16 0.03
0.03
SLC Zone 106 116
10 9.4 0.42 0.33
116 138.38 22.38
0.03 0.02 EA19-217 0.64 38 37.36
0.08 0.07
SLC Zone 38
46 8 7.8
2.33 1.80 46 56 10
0.02 0.03 56 66
10 0.03 0.17 66
80 14 0.03 0.04
SLC
Zone 80 158 78
76.6 1.01 1.41 Includes
82 130 48 47.1 1.27 1.96
SLC
Zone 158 160 2
2.0 20.00 2.52 SLC Zone
160 176 16
15.7 2.08 0.31 Includes
166 172 6 5.9 3.80 0.57
176 178.92 2.92 0.34
0.10 EA19-218 0.71 36 35.29
0.04 0.16 36 88 52
0.01 0.02 88 98
10 0.06 0.13
SLC Zone
98 138 40
40.0 0.93 0.92 138
143.26 5.26 0.03 0.03
EA19-219 2 8 6 0.03
0.07 Drill Hole From
(metres)
To
(metres)
Interval
(metres)
Estimated
True Width
(metres)
Gold (g/t) Copper
(%)
8 38 30 0.03
0.10 38 44 6
0.13 0.64 44 92 48
0.02 0.04 92 100 8
0.11 0.41 100 112
12 0.01 0.11
SLC Zone
112 152 40
39.2 0.77 0.48 152
165.2 13.2 0.15 0.12
EA19-220 0.6 22 21.4 0.12
0.18 22 40 18
0.03 0.11 40 50 10
0.26 0.66 50 122
72 0.02 0.03
SLC Zone
122 158 36 30.5
0.47 0.35 158 178
20 0.03 0.04 178
185.93 7.93 0.16 0.21
EA19-221 0.32 148 147.68
0.01 0.03 148 205.13 57.13
0.03 0.05 EA19-222 0 46
46 0.05 0.09 46
66 20 0.13 0.32
66 142 76 0.03
0.03
SLC Zone 142 166
24 19.7 0.94 0.79
166 184 18 0.07
0.08 184 208 24
0.35 0.28 208 210.01 2.01
0.00 0.01 EA19-223 0.2
124 123.8 0.02 0.03
124 144 20 0.08
0.14 144 178 34
0.03 0.03 EA19-224 0 500 500
No Assays 500 784
284 0.10 0.03
D-Zone
784 790 6
NA 0.15 0.40 790
818.18 28.18 0.05 0.05
EA19-225 0.13 94 93.87
0.02 0.03 94 99.97 5.97
0.11 0.19
SLC Zone 99.97
112.17 12.2 11.6 0.14 0.31 EA19-226
0.21 34 33.79 0.07
0.17 34 74 40 0.02
0.03
SLC Zone 74 100
26 25.5 0.74
1.36 100 120 20
0.11 0.12 120 151.18
31.18 0.03 0.03 EA19-227 0.5
186 185.5 0.02 0.03
186 210 24 0.09
0.17 210 222.19 12.19
0.02 0.05 EA19-228 1.6 16
14.4 0.02 0.04 16
34 18 0.07 0.10 34
40 6 0.62 0.20
40 62 22 0.06 0.11
SLC Zone 62 104 42
26.1 0.56 0.59 Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
104 164 60 0.07
0.04
SLC Zone 164 226
62 38.6 1.20
1.11 Includes 172 200 28 17.4
1.98 1.70 226 254 28
0.04 0.04 254 260
6 0.08 0.18 260
271.88 11.88 0.33 0.29
EA19-229 0.62 100 99.38
0.02 0.03 100 112 12
0.05 0.11 EA19-229 112 124
12 0.03 0.08
SLC Zone
124 134 10 10.0 0.35 0.29
134 157.89 23.89
0.01 0.05 EA19-230 0 30 30
0.04 0.12 30 50 20
0.03 0.05
SLC Zone
50 135.03 85.03
82.2 1.31 1.57 EA19-231
0.16 88 87.84 0.02 0.03
88 100 12 0.02
0.16 100 160 60
0.02 0.06
SLC Zone 160 168
8 0.13 0.11 168
176.17 8.17 0.03 0.04
EA19-232 0.1 18 17.9 0.11
0.09 18 28 10
0.03 0.06
SLC Zone 28
40 12 11.6 0.49
0.84 40 94 54
0.02 0.02 94 112
18 0.03 0.12
SLC Zone
112 126 14 13.5
1.32 1.32 126
149.35 23.35 22.5 0.37 0.19 EA19-233
0.31 124 123.69 0.01
0.02 124 136 12
0.06 0.08
SLC Zone 136
142 6 0.18
0.59 142 156 14
0.01 0.05
SLC Zone 156
163.37 7.37 7.4
1.14 0.90 163.37 167.03
3.66 0.02 0.02 EA19-234
0.43 30 29.57 0.07 0.08
30 74 44 0.02
0.03
SLC Zone 74 120
46 44.8 1.03
0.97 Includes 78 102 24 23.4
1.63 1.62 120 132 12
0.01 0.01 EA19-235 0.11
116 115.89 0.01 0.02
116 134 18 0.11
0.19 134 168 34
0.05 0.09
SLC Zone 168
184 16 14.9 0.83
1.19 SLC Zone 184
232 48 44.7 0.41
0.53 232 234.09 2.09
0.01 0.02 EA19-236 0.4 36
35.6 0.06 0.08 36
44 8 0.07 0.36
44 92 48 0.02 0.04
Includes 100 122 22 21.6 0.38
1.11 Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
154 164 10 0.06
0.11 164 182.27 18.27
0.01 0.01 EA19-237 0.5 6
5.5 0.02 0.02 6 34
28 0.08 0.12
SLC Zone
34 54 20 0.26 0.58
54 104 50 0.02
0.01 104 120 16
0.05 0.08 120 144 24
0.01 0.02 144 154
10 0.12 0.06
SLC Zone
154 194 40 36.7 0.31 0.23
194 195.99 1.99
0.02 0.03 EA19-238 0.6 22 21.4
0.04 0.05 22 50 28
0.06 0.13
SLC Zone
50 58 8 6.8
4.18 1.86 58 164
106 0.01 0.02
SLC Zone
164 220 56 47.9 0.38 0.38
220 225.25 5.25 0.11
0.05 EA19-239 0.4 12 11.6
0.02 0.03 12 46 34
0.11 0.13 46 54 8
0.81 1.01 54 172
118 0.03 0.02
SLC Zone
172 196 24
22.0 0.46 0.51 196
225.86 29.86 0.06 0.07
EA19-240 0 24 24 0.07
0.05 24 48 24
0.17 0.21 48 58 10
0.01 0.06
SLC Zone 58 84
26 0.34 0.48 84
174 90 0.03 0.02
SLC
Zone 174 249.33 75.33
56.4 0.55 0.69 Includes
232 240 8 6.0 1.05 1.46
EA19-241 0 548 548 No
assays 548 556 8
0.10 0.03
D-Zone 556
570 14 5.1
0.78 0.27 570 668
98 0.06 0.06
D-Zone
668 674 6 2.2
0.44 0.47 674
812.43 138.43 0.07 0.08 EA19-242
0 7.5 7.5 No assays
7.05 12 4.95
0.01 0.03 12 40 28
0.12 0.12 40 50
10 0.18 0.70 50
118 68 0.04 0.04
SLC
Zone 118 142 24
23.4 0.79 0.67 Includes
124 132 8 7.8 1.77 1.35
142 188 46 0.01
0.03 188 202 14
0.17 0.28 202 225.24
23.24 0.06 0.09 Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
EA19-243 0.13 4 3.87 0.04
0.02 4 38 34
0.07 0.14 38 84 46
0.03 0.05
SLC Zone 84
118 34 34.0
0.99 1.16 118 124.66
6.66 0.02 0.01 EA19-244 2
150 148 0.02 0.02
SLC
Zone 150 162 12 0.16
0.34 162 214 52
0.05 0.07 214 226 12
0.09 0.15 226
238.66 12.66 0.01 0.02 EA19-245
0 136 136 0.03
0.03 136 160 24
0.06 0.10 160 174 14
0.20 0.16
SLC Zone 174
182 8 8.0
0.28 2.12 182 208
26 0.15 0.12 208
220.37 12.37 0.01 0.03 EA19-246
0 142 142 0.03
0.02 142 212 70
0.07 0.09
SLC Zone 212 224 12
0.04 0.23 224 292
68 0.02 0.02 EA19-247
0.15 142 141.85 0.03 0.02
142 154 12 0.14
0.17 154 166 12
0.02 0.04 166 178 12
0.15 0.23 178 186
8 0.05 0.12
SLC Zone
186 216 30
29.4 0.15 0.80 216
258 42 0.04 0.05
SLC
Zone 258 264 6
5.9 1.10 0.45 264
274 10 0.08 0.05 EA19-247
274 292 18 0.22
0.24 292 293.52 1.52
0.11 0.12 EA19-248 0 14 14
0.04 0.02 14 24
10 0.08 0.07 24
56 32 0.32 0.38
56 138 82 0.03
0.02 138 156 18
0.66 0.09 156 172 16
0.02 0.06
SLC Zone 172
218 46 43.8
0.77 1.36 Includes 180 200
20 19.1 1.11 2.31 218
298 80 0.03 0.04
298 306 8 0.27
0.22 306 313.33 7.33
0.06 0.04 EA19-249 0.25 82 81.75
0.02 0.02 82 100
18 0.18 0.11 100
224 124 0.04 0.03
224 238 14 0.15
0.07 238 254 16
0.04 0.02 Drill Hole
From(metres)
To(metres)
Interval(metres)
EstimatedTrue Width(metres)
Gold (g/t)
Copper(%)
254 270 16 0.14
0.11 270 296 26
0.04 0.03
SLC Zone 296
322 26 25.3 0.80
0.61 322 328.57 6.57
0.04 0.05
Drill Hole Collar Coordinates
Drill Hole ID
UTM_ North(metres)
UTM_East(metres)
Elevation (masl)
Total Depth(metres)
Azimuth(degrees)
Inclination(degrees)
EA19-202 675419 5614855 32 191
128.95 -12.45 EA19-203 675420 5614855
31 250 124.68 -35.73 EA19-204 675415
5614790 -8 157 148.72 -13.67
EA19-205 675420 5614855 31 286
140.04 -43.77 EA19-206 675416 5614792
-7 173 137.73 -30.02 EA19-207 675419
5614854 33 130 154.06 16.86
EA19-208 675416 5614792 -8 247
140.32 -50.08 EA19-209 675421 5614856
32 125 110.94 4.07 EA19-210 675416
5614791 -7 152 152.65 -22.01
EA19-211 675420 5614855 32 212
125.04 -24.73 EA19-212 675416 5614791
-8 222 155.42 -41.22 EA19-213 675419
5614855 32 241 144.07 -35.78
EA19-214 675416 5614792 -6 133
137.63 2.16 EA19-215 675419 5614855 33
158 135.67 6.14 EA19-216 675416
5614792 -5 138 146.62 19.59 EA19-217
675419 5614855 31 179 140.20
-10.91 EA19-218 675416 5614791 -7
143 152.64 -1.98 EA19-219 675416
5614792 -5 165 160.28 -11.64 EA19-220
675416 5614792 -7 186 149.34
-31.98 EA19-221 675475 5614920 35
205 148.23 -17.09 EA19-222 675416
5614791 -8 210 161.13 -34.70
EA19-223 675475 5614919 34 178
136.93 -11.25 EA19-224 675113 5614649
-64 818 181.13 -73.98 EA19-225 675474
5614921 35 112 137.93 17.55
EA19-226 675416 5614791 -6 151
158.41 10.97 EA19-227 675475 5614919 34
222 137.80 -35.67 EA19-228 675415
5614793 -6 272 155.97 -51.53
EA19-229 675475 5614920 34 158
129.68 -3.97 EA19-230 675417 5614793 -6
135 111.15 14.74 EA19-231 675475
5614919 34 176 114.71 -4.29 EA19-232
675416 5614792 -6 149 140.65
-14.60 EA19-233 675475 5614919 34
167 147.99 -0.23 EA19-234 675416
5614791 -6 133 134.10 13.04 EA19-235
675475 5614919 34 234 161.48
-21.34 EA19-236 675416 5614791 -5
182 170.54 -10.52 EA19-237 675416
5614792 -6 196 166.32 -23.41
EA19-238 675417 5614792 -6 225
170.30 -31.31 EA19-239 675415 5614791
-7 226 176.63 -23.67 EA19-240 675416
5614791 -7 249 169.26 -41.59
EA19-241 675113 5614649 -64 812
199.09 -68.68 EA19-242 675415 5614791
-7 225 180.90 -12.36 EA19-243 675416
5614792 -6 125 171.26 0.78
EA19-244 675475 5614919 34 239
158.04 -25.75 EA19-245 675269 5614830
21 220 144.72 -2.49 EA19-246 675269
5614830 20 292 140.80 -31.30
EA19-247 675268 5614830 21 294
154.81 -11.19 EA19-248 675415 5614790
-7 313 192.51 -17.63 EA19-249 675268
5614829 21 329 166.42 -13.16
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190529005253/en/
Anne DayVice President, Investor RelationsDirect: +1
(416) 324-6003Toll free: 1 (888) 315-9715Email:
anne.day@newgold.com
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