New Gold Provides Update on Delineation and Exploration Programs at the New Afton and Rainy River Operations

Figure 1: New Afton Mine footprint with target locations (Graphic: Business Wire)

TORONTO--()--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.

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)

 

Estimated
True 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)

 

Estimated
True 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)

 

Estimated
True 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)

 

Estimated
True 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)

 

Estimated
True 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)

 

Estimated
True 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)

 

Estimated
True 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)

 

Estimated
True 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
           

Contacts

Anne Day
Vice President, Investor Relations
Direct: +1 (416) 324-6003
Toll free: 1 (888) 315-9715
Email: anne.day@newgold.com

Contacts

Anne Day
Vice President, Investor Relations
Direct: +1 (416) 324-6003
Toll free: 1 (888) 315-9715
Email: anne.day@newgold.com