ONTARIO – New Gold of Vancouver and the Metis Nation of Ontario have signed a participation agreement covering the development and operation of the Rainy River gold mine 160 km south of Kenora.
The agreement includes provisions on how the local Metis community will benefit from the Rainy River mine, including employment, business opportunities, training and education initiatives, and financial participation in the project. It also establishes a Metis scholarship and bursary program at Lakehead University and Confederation college. The two sides have also made a committment to protecting the environment and wildlife and to build a long term, mutually beneficial relationship.
The Rainy River project is at the advanced exploration stage with both open pit and underground mines to be developed. It has total proven and probable reserves of 104.3 million tonnes grading 1.13 g/t Au and 2.8 g/t Ag and containing 3.77 million oz of gold and 9.41 million oz of silver.
Visit www.NewGold.com and enjoy the Rainy River video.