BRITISH COLUMBIA – Vancouver-based New Gold has completed the expansion of its New Afton project to 12,000 t/d from the design capacity of 11,000 t/d three months ahead of schedule. The increased rate, higher grades and better recoveries of both gold and copper made the third quarter most successful.
The statistics are impressive. Average mill throughput was 12,396 t/d in September, and 11,967 for Q3. Gold grade continued to reconcile positively against the block model. Gold production was 25,220 oz, up 80% from 14,014 oz in Q3 2012. Copper production rose to 20.9 million lb, an 88% increase from 11.1 million lb during the same quarter a year earlier.
Better yet, the New Afton operation successfully tested over a five-day period at rates of 14,000 to 15,000 t/d. Exploration results at the C zone and East Cave extension have been positive and may provide the ore necessary to sustain operations at 15,000 t/d. Measured and indicated resources in the C zone total 12.5 million tonnes grading 0.77 g/t Au, 1.50 g/t Ag and 0.77% Cu. The inferred resource in the zone is 20.2 million tonnes at 0.62 g/t Au, 1.42 g/t Ag and 0.68% Cu.
Further information about New Gold's Q3 2013 performance is posted at NewGold.com.