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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.


TSX:NGD - Post by User

Bullboard Posts
Post by threepalmson Oct 07, 2013 7:24am
373 Views
Post# 21795499

Rainy River

Rainy River
I think few here recognize the fact that Rainy River area is likely going to become a very active new gold district. There are really only 4 active explorers in the area.
T.rr soon to become 100% owned by t.ngd
v.cyy Coventry Resources the second largest land holder soon to become 100% owned by Chalice Gold an Australian company.
v.byv actively drilling beside t.RR and with some excellent grades...over 500 grams over 6 feet last week. and v.KBG with a large land packages directly west of t.RR northern border with numerous gold occurences and strong evidence of a potential deposit on their property. Gold values in 32 of 33 holes drilled the last 2 years,
I fully expect to see further consolidation in this emerging gold camp.
Bullboard Posts