Post by
zzzman on Aug 04, 2011 11:24am
Part of New Gold announcement re:Blackwater
BLACKWATER ACQUISTION COMPLETED - AGGRESSIVE EXPLORATION STARTED.
ON jUNE 1, 2011 New Gold closed the acquistion of Richfield thus adding the exciting Blackwater
project to the company's pipeline. Blackwater is located in central British Columbia, with New Gold's
share of initial mineral resource estimate of 1.8 mill ounces of indicated gold resources and an
additional 2.0 mill ounces of inferred gold resources.
New Gold looks forward to providing further updating of the Blackwater exploration results
through the thrid and fourth quarters "AS THE DEPOSIT REMAINS OPEN IN ALL DIRECTIONS AND
AT DEPTH" (emphasis is mine).
Part of the announcement.