GOLD: US 1,452.10 -3.40 -0.23% Volume: 22 November 12, 2019
TSX: NGD 1.15 +0.00 +0% Volume: 995,675 November 13, 2019
NYSE MKT: NGD 0.87 -0.00 -0.46% Volume: 2,351,634 November 13, 2019

Overview

Status: Production (Commercial Production commenced November 2017)
Location: 65 km northwest of Fort Frances, Ontario, in the southern half of Richardson Township
Ownership: 100% New Gold
Reserves1: Gold 4.2 million ounces
Silver 12.1 million ounces
Resources2: Gold 1.8 million ounces
Silver 6.6 million ounces

1 Proven and Probable Mineral Reserves as of December 31, 2018
2 Measured and Indicated Resources are exclusive of Mineral Reserves (Excludes Inferred Resources) as of December 31, 2018

See Mineral Reserves and Resources Summary as of December 31, 2018 for additional details including a breakdown by category.

Annual Production:
Rainy River Mine 2017 2018 2019 Outlook
Gold
(thousand ounces)
28.5 227 245-270
Location of Rainy River mines on map of Canada and site images

Rainy River Flyover

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The projected life of the Rainy River Mine extends through 2032 based on current mineral reserves and throughput levels.

Site History

Rainy River commenced processing ore on September 14, 2017 and completed its first gold pour on October 5, 2017. Commercial production followed on October 19, 2017. Development of the underground mine began in the second half of 2018.

The mine occupies approximately 6,050 hectares, comprising 87 patented mining rights and surface rights claims (including eight leasehold interest mining rights and/or surface rights claims). In addition, New Gold has a land package of approximately 17,240 hectares surrounding the mine site, including patented mining rights and/or surface rights and unpatented claims. All unpatented claims are in good standing and assessment work credits are sufficient to maintain that standing for several years.

Geology, Exploration, Technical Reports

Rainy River - Geology, Exploration, & Technical Reports

Geology & Mineralization

The Rainy River district comprises multiple volcanogenic-style gold deposits situated within the Late Archean Wabigoon Subprovince of Ontario. Local stratigraphy comprises a series of tholeiitic mafic volcanic rocks structurally overlain by calc-alkalic dacitic metavolcanic rocks that host the bulk of gold mineralization in the district.

Regional Geologic Setting

District Geologic Setting

Deposit Geology & Alteration – Plan View

Mineralized zones generally follow the regional northwesterly strike and southerly dip of stratigraphy. The largest of these, the ODM/17 Zone, extends 1,600 metres along strike, 975 metres down dip (open at depth), and has a true width of 200 metres. Three principal styles of gold mineralization have been identified at Rainy River: gold-bearing sulphide ± quartz stringers and veins in felsic quartz-phyric rocks, (ODM/17, Beaver Pond, 433 and HS Zones), quartz-ankerite-pyrite shear veins in mafic volcanic rocks (CAP/South Zone), and sulphide-bearing silver-enriched quartz veinlets in dacitic tuffs and breccias (Intrepid Zone). Most of the gold mineralization identified to date occurs in the sulphide bearing stringers and veins within the felsic quartz-phyric rocks. A fourth style of mineralization characterized by copper-nickel-platinum minerals occurs within a small, younger mafic-ultramafic intrusion (34 Zone) situated within the main cluster of gold and silver deposits. All deposits show some degree of deformation, excepting the copper-nickel-platinum-bearing type.

Open Pit Mineral Resource – Plan View

Deposit Geology – N-S Cross Section

Deposit Geology – E-W Long Section

Exploration Potential

The Rainy River project represents one of Canada’s newest emerging gold districts. The Rainy River district was first explored for nickel sulphide style mineralization in the mid-1960s. The eventual recognition of the district’s gold potential in 1988 led to the discovery of gold mineralization in what has become a large system of stratiform gold-rich volcanogenic style sulphide deposits. To date, exploration efforts have delineated 3.8 million ounces of gold reserves plus an additional 2.7 million ounces of measured and indicated resources. As the project advances toward its mid-2017 target for the start of commercial production, New Gold continues to focus on the discovery of additional gold resources with the potential to enhance and extend the commercial life of the project.

Technical Report

Final 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.

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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.

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

Contact Us

Address: 317 Heatwole Road Barwick ON Canada P0W1E0
Telephone:  807-482-0900
Email: rrcomments@newgold.com

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