New Gold Inc. (USA) (NYSEMKT:NGD) Provides Exploration Update About New Afton C-zone

Boston, MA 09/11/2014 (wallstreetpr) – According to reports, New Gold Inc. (USA) (NYSEMKT:NGD) has provided an exploration result update about New Afton C-zone. Previously it provided mineral resource estimates in June, 2014. It also provided a C-zone mineral resource estimate on July 7, 2014 as well. The update included complete results from exploration processes right through the starting of June from all 88 holes that totaled around 56,321 meters. After the announcement of C-zone mineral resource estimate in June-July, the company received assays for additional 20 holes that totaled around 13,449 meters from drilling through mid-August. All the additional holes have focused on expanding C-zone and its resource classification.

Management Call:                                              

According to Mark Petersen, VP exploration, “We are extremely pleased to see a continuous growth and progression of our C-zone exploration program.” He further added that the recent results showed that New Gold Inc. (USA) (NYSEMKT:NGD) was able to witness strong copper and gold grades and unparalleled continuity of mineralization throughout the complete C-zone.

As per the information provided by the company, four underground-diamond drills work continuously to explore New Afton C-zone. At the same time, two drills are equipped in upgrading the resources while two other drills work towards expanding the resources towards the West. The management of New Gold Inc. (USA) (NYSEMKT:NGD) said that the company will update its material resource update that was provided in the month of June 2014 by the end of the current year. It will include the results of 20 holes and assay results from the drilling process through early part of November in previously announced material resource results and then update the complete bunch. According to an estimate, the mineral resource estimate towards the end of 2014 will include result data of additional 35 to 40 holes that cover around 25,000 meters. The management of New Gold Inc. (USA) (NYSEMKT:NGD) looked complete determined about future events at the time of representing these results.

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Published by Pamela Garcia

Pamela Garcia is a keen follower of U.S. stock market

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