#Canada #Toronto #New Gold #Rainy River #Afton

New Exploration Success at New Gold Inc.

New Gold Inc. has recently shared promising updates regarding its exploration efforts at the New Afton and Rainy River mines located in Canada. The company reported significant expansions and discoveries, particularly at the New Afton mine’s K-Zone.

Noteworthy Developments at New Afton

At New Afton, the latest underground drilling has not only confirmed the width and continuity of mineralization at the K-Zone but has also led to the discovery of additional copper-gold porphyry mineralization. This new discovery has more than doubled the size of the known K-Zone mineralized system. Currently, the mineralization has extended approximately 600 meters in strike length and 900 meters in vertical depth.

Recent exploratory drilling has revealed new mineralization 550 meters east of the current K-Zone footprint, indicating substantial potential for further expansion. New Gold has shown decisive growth in this area thanks to targeted drilling efforts, with plans to heighten the exploration budget for 2025 by $5 million to further explore the K-Zone.

Patrick Godin, President and CEO of New Gold, expressed enthusiasm over the expansion at New Afton, emphasizing its quality as a significant asset and its strong potential for future growth.

Impressive Drilling Results

New Gold has reported various impressive results from drilling at the K-Zone, which includes:

• - 2.73% copper and 1.48 g/t gold over 155 meters core length and an estimated true width of 50 meters in borehole EA25-568.
• - 2.65% copper and 0.42 g/t gold over 65.2 meters in borehole EA25-574, showcasing the rich mineral content of the mine.

These striking results underline New Gold's commitment to maximizing the mineral potential of the New Afton mine and reflect the company's strategic focus on enhancing resource estimates at year-end 2025.

Exploration at Rainy River Mine

Shifting focus to Rainy River, the mine's exploration strategy aims to offset mining depletions through effective mineral reserve replacement. The year 2025 marks the most extensive drilling campaign since the mine's inception, comprising a planned 58,000 meters of drilling. With around 45,000 meters completed by the end of August, early results have been promising, showing positive mineralization especially in the NW Trend area and underground mining zones.

The recent advancements at the Rainy River mine emphasize ongoing efforts to transition Inferred Mineral Resources to Indicated, making significant contributions to the overall mineral reserve and resource estimates anticipated at year-end.

Promising Tap into Underground Mining Zones

In recent drilling at the underground mine, New Gold has confirmed extensions of several valuable zones, including the ODM Main and Intrepid zones. Infill drilling plays a crucial role in verifying and converting inferred resources to measured and indicated statuses, paving the way for future growth opportunities within the site.

Highlights of recent drilling include:

• - 6.88 g/t gold and 5.08 g/t silver over 10.5 meters in borehole RR25-2066A.
• - 5.97 g/t gold and 4.87 g/t silver over 4.5 meters in borehole RR24-2018, demonstrating the miner's strength and potential in extracting high-grade resources.

As New Gold ventures forward, further underground exploration is expected to ramp up in 2026 and 2027, with the intention of accelerating both resource definition and mine life extension. The recent successes in exploration at both New Afton and Rainy River demonstrate New Gold’s commitment to maximizing investor value and responsible mining practices.

Conclusion

With these recent developments showcased at the New Afton and Rainy River mines, New Gold Inc. is positioning itself as a key player in the mining industry, emphasizing robust growth and sustainable practices aiming for shareholder value. As exploration success continues, stakeholders remain optimistic about promising announcements anticipated with the upcoming year-end Mineral Reserve and Resource estimates. The future looks bright for New Gold, combining innovative exploration strategies with a commitment towards maximizing resource potential.