Tuesday, June 4, 2013

New Gold Committing To Project

New Gold says it's committed to continuing the work started by Rainy River Resources in the development of a new gold mine north of Barwick.

New Gold announced last week it would be assuming control of Rainy River in a friendly take-over bid.

President Bob Gallagher says they intend to do a thorough review of the project, but have no plans to shelve it.

Gallagher says they also want to get to know the area and meet with First Nations and community leaders who've support the project so far.

He says they also intend to honour the agreements Rainy River Resources signed with area First Nations.

Gallagher says they had been eying Rainy River for almost two years before putting forward a bid.