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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 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.


TSX:NGD - Post by User

Bullboard Posts
Post by gravityzoneon May 16, 2013 4:24pm
338 Views
Post# 21405217

Blackwater - Federal Funding

Blackwater - Federal Funding

Getting the First Nations involved at this stage is smart and will help with the environmental assessment. Also having the Liberals win a majority this week is another good sign.

Blackwater Gold Project - Federal Funding Allocated to Participate in the Environmental Assessment

OTTAWA, May 16, 2013 /CNW/ - The Canadian Environmental Assessment Agency has allocated a total of $198,637 to eight applicants to support their participation in the federal environmental assessment of the proposed Blackwater Gold Project located in British Columbia.

This funding was made available to the public and Aboriginal groups through the Participant Funding Program administered by the Agency. It will enable participation in upcoming steps of the environmental assessment such as consultation related to the Environmental Impact Statement and consultation on the draft Environmental Assessment Report.

Details of Allocation

Applicant Allocation
Carrier Sekani Tribal Council $10,200
Lhoosk'uz Dene Nation - Kluskus $39,500
Métis Nation of British Columbia $9,490
Nadleh Whut'en First Nation $27,950
Saik'uz First Nation $30,900
Skin Tyee First Nation $10,200
Stellat'en First Nation $30,897
Ulkatcho First Nation $39,500
Total $198,637

For more information on the Participant Funding Program, the federal environmental assessment process and the project, please visit the Agency's website at www.ceaa-acee.gc.ca Registry number: 80017).

As part of the strengthened and modernized Canadian Environmental Assessment Act, 2012 put in place to support the government's Responsible Resource Development Initiative, the Agency is conducting a federal environmental assessment of this project.

This project is being assessed using a science-based approach. If it is permitted to proceed to the next phase, it will continue to be subject to Canada's strong environmental laws, rigorous enforcement and follow-up, and increased fines.

The Proposed Project
New Gold Inc. is proposing the construction, operation, and decommissioning of an open pit gold and silver mine located approximately 100 kilometres south of Vanderhoof, British Columbia. As proposed, the project would produce 60,000 tonnes per day of gold and silver ore, over a mine life of 17 years.

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