Friday, January 17, 2014

New Gold Releases Feasibility Study

New Gold says its newly acquired Rainy River gold project meets all of its key criteria.

The company has issued its feasibility study on the project north of Barwick.

Executive Chair Randall Oliphant says the results are consistent with their expectations when they decided to acquire Rainy River Resources last year.

New Gold is targeting late 2016 as when the open pit mine will likely come into production.