TORONTO--(BUSINESS WIRE)-- May 25, 2021--New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) is pleased to announce that the Mines Act permit enabling mining of the B3 zone was issued by the Ministry of Energy, Mines and Low Carbon Innovation.
“This is a significant milestone for the New Afton Mine,” stated Renaud Adams, President & CEO. “With the receipt of the B3 permit, ore extraction activities will begin this quarter and ramp-up over the year. C-Zone development continues to advance with C-Zone extraction expected to begin in the second half of 2023.”
As previously announced, the C-Zone permitting process was initiated during the first quarter with the submission of the pre-application package to the Ministry of Energy, Mines and Low Carbon Innovation, Ministry of Environment and Climate Change Strategy and Indigenous groups.
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IKE District
- Proximal to the heartland of Canada’s Cu production at the Valley, New Afton and Gibraltar mines
- Characteristics of productive porphyry districts around the globe that host major (and multiple) Cu±Au±Mo±Ag deposits
- The combination of known deposits and compelling deposit targets indicates IKE’s clear potential to be an important new BC mining camp
- Proximal to industrial infrastructure, power, highways and rail connecting to major BC ports