GOLD: US 1,823.80 +1.20 +0.07% Volume: 3 May 13, 2021
TSX: NGD 2.20 +0.06 +2.57% Volume: 418,121 May 14, 2021
NYSE MKT: NGD 1.81 +0.05 +2.96% Volume: 1,424,386 May 14, 2021

Overview

Status: Production
Location: West of Kamloops, British Columbia, Canada,
10 km west of Kamloops, 350 km northeast of Vancouver
Ownership: 100% New Gold
Reserves1: Gold 0.96 million ounces

Silver 2.7 million ounces

Copper 758 million pounds
Resources2: Gold 1.2 million ounces

Silver 4.2 million ounces

Copper 1,003 million pounds

1 Proven and Probable Mineral Reserves as of December 31, 2020
2 Measured and Indicated Resources are exclusive of Mineral Reserves (Excludes Inferred Resources) as of December 31, 2020

See Mineral Reserves and Resources Summary as of December 31, 2020 for additional details including a breakdown by category.

Annual Production:


New Afton 2019 2020
Gold
(thousand ounces)
69 64
Copper
(million pounds)
79 72
Map of New Afton location and backhoe

New Afton Block Caving Video

New Afton Block Caving

The mine is designed to process 11,000 tpd (4 Mtpa) of ore at full capacity, recovering copper, gold, and silver. The mill processes a blend of primary, transition and supergene ores using conventional crushing, grinding, and concentration processes. Mineral separation is by gravity concentration and differential flotation. A regrinding stage is included in the flotation circuit. Life-of-mine recoveries are expected to total 88 per cent copper, 87 per cent gold and 75 per cent silver.

Site History

New Afton began production in June 2012 with commercial production following in July 2012. The underground operation is expected to produce, on average, 85,000 ounces of gold and 75 million pounds of copper per year over its mine life.

The mine occupies the site of the historic Afton Mine and includes an open pit, underground workings, historic support facilities, a new concentrator and recently constructed tailings facility. The New Afton deposit extends to the southwest from immediately beneath the Afton Mine open pit.

New Gold’s holdings in the area comprise the Afton Group and the Ajax Group. The New Afton deposit lies within the Afton Group. The Afton Group consists of 61 mineral claims included in a mining lease issued by the Ministry of Energy, Mines and Petroleum Resources on November 29, 2006 (the “Afton Mining Lease”). The total area of the Afton Mining Lease and all other claims is 12,450.4 hectares.

Geology, Exploration, Technical Reports

New Afton - Geology, Exploration, & Technical Reports

Geology & Mineralization

Regional Geologic Setting

The New Afton deposit comprises part of a larger copper-gold porphyry district situated within the prolific Quesnel Trough island-arc terrane, host to many of British Columbia’s major copper and gold districts. Pre-mineral country rocks consist of intermediate to mafic volcanic country rocks belonging to the Triassic Nicola Formation. Regional scale fault zones act as the principal controls to the emplacement of the batholithic rocks and related porphyry-style mineralization in the area. The bulk of the New Afton deposit occurs as a tabular, nearly vertical, southwest plunging body measuring at least 1.4 kilometres along strike by approximately 100 metres wide, with a down-plunge extent of over 1.5 kilometres. The deposit remains open to the west and at depth.

District Geologic Setting

Mineralization is characterized by copper sulphide veinlets and disseminations localized at brecciated margins between altered porphyry intrusives and Nicola volcanic country rocks. Copper occurs primarily as chalcopyrite and lesser bornite, with secondary chalcocite and native copper occurring in the upper nearer-surface parts of the deposit. Gold occurs as sub-micron grains associated with copper sulphides.

Since the commencement of commercial production in 1977, the New Afton mine has produced more than 800,000 ounces of gold and 850 million pounds of copper from both open pit and underground operations.

Exploration Potential

Since the start of the current underground block cave operation in July 2012, exploration at New Afton focused on extending the mineral resource below the current B-Zone block cave reserve. This undertaking has resulted in the addition of the C-Zone and SLC-Zone resources as well as the definition of new mineralized areas directly below the SLC-Zone and parallel to the east of the C-Zone called Upper and Lower East Extension. The C-Zone resource remains open to further growth down plunge, where a new area has been defined as D-Zone. The Company plans to start an underground drilling program from the base of the planned C-Zone Block Cave in 2022 that will focus on exploring for the potential continuity of the D-Zone and East Extension down plunge mineralization.

In October 2020, the Company started a reconnaissance exploration drilling program at the prospective Cherry Creek trend area, located within three kilometres of the New Afton mill. The program was designed to test several targets within areas of coincident geochemical soil anomalies, IP and magnetic geophysical anomalies, and evidence of vein style mineralization and surface alteration.Results to date in one of the targets (Silica Hill) shows shallow intercepts of narrow gold and silver mineralization within a preliminary geology model and alteration domains show characteristics of mineralization and alteration patterns that halo gold-copper mineralized porphyry systems similar to New Afton deposit. Follow up drilling program has been designed to explore for deep targets on key areas to assess the potential for porphyry style mineralization.


Cherry Creek Trend - Drill holes location and simplified geological interpretation 

In March 2021, an underground drilling program commenced to test three targets generated within the New Afton deposit footprint based on an AI (Artificial Intelligence) study. The program is targeting additional mineralization within the New Afton deposit and is expected to be completed in August 2021.

 
New Afton deposit - AI (Artificial Intelligence) targets

Additionally, New Gold continues its exploration efforts to define new prospective targets on the broader Company’s landholdings aimed to discovery of additional mineralization and potentially extend the life of the mine.

 

 


 

Technical Report

Technical Report

Responsible Mining

New Gold is committed to responsible mining in all mining, processing and environmental work across our operations and facilities from exploration, to mining, to rehabilitation and closure. As an organization, we strive to reach the highest standards in employee health and safety, environmental protection and community development and engagement. We believe these are key drivers to achieving a productive and profitable business.

Our policies and practices are guided by principles found in the United Nations Global Compact of which we are signatories, and our operational standards are based on the Mining Association of Canada’s Towards Sustainable Mining Protocols.

Read More

Community Relations

New Gold is committed to working closely with communities to make a positive contribution to the community and regions in which we live and work. We recognize that our growth and success depend on the long-term economic, social and environmental sustainability of each of the communities in which we operate.

New Afton’s Community Sponsorship Program reflects our corporate belief that communities should benefit from our operations in both the short and long-term. To that end, we invest in sustainable community development, going beyond traditional philanthropic donations, to support initiatives and projects that have a meaningful and long-lasting positive impact on the community and region in which we operate. To learn more about the program and how your community group might qualify, please click here.

We welcome and encourage your feedback. Feel free to visit our office or contact us.

Beyond New Afton

Engaging Community to Help Build a Plan for the Future

While New Afton’s current life of mine ends in early 2030 and ongoing exploration could potentially extend the mine life, we recognize that a comprehensive social plan like this takes time, and that is why we are getting a head start. New Gold’s Beyond New Afton Project is meant to minimize the negative impacts of the closure process on people and communities - our stakeholders – who are connected to an operation, by collaborating early on in the process.

So what is our approach? Well, first, we will work with those who will be impacted. That is why it is important to invite our stakeholders to work together and help drive this project. Hearing different voices, ideas and concerns long before the plan takes shape will provide the information required to build a comprehensive plan.

We want your feedback! Take the Beyond New Afton Survey here. Be a part of the planning to help build a plan for the future of our community. If you’re looking for more information on the project or have questions, review the list of Frequently Asked Questions here


Contact Us

Address: 4050 W Trans-Canada Highway
Kamloops, BC Canada V1S 2A3
Telephone:  250 377-2100
Email: info@newgold.com
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