BRITISH COLUMBIA – Vancouvers NEW GOLD has boosted total resources at its New Afton project 10 km west of Kamloops with its estimate of the C zone (below the Main zone). Inferred resources in the C zone are 6.2 million tonnes grading 0.96% Cu, 0.88 g/t Au and 1.55 g/t Ag using very conservative metals prices ($1.20/lb Cu, $450/oz Au and $5.25/oz Ag) and a cut off of Cdn$10/t.
C zone mineralization is contained in two separate blocks over a combined strike length of 700 m. Each block has a maximum vertical extent of more than 300 m. (See the longitudinal section at the end of the March 20, 2007, press release at www.NewGold.com.)
The Main zone has a measured resource of 23.3 million t grading 1.12% Cu, 0.83 g/t Au and 2.68 g/t Ag plus an indicated resource of 22.4 million t grading 0.84% Cu, 0.66 g/t Au and 2.42 g/t Ag. The Main and C zones may contain as much as 1.6 billion lb of copper and 1.9 million oz of gold.
New Gold expects to receive the completed feasibility study for the New Afton project in a few weeks.