Tuesday, January 28, 2014

New Gold Still Committed To Mine Project

New Gold says its still committed to moving ahead with plans to develop a gold mine north of Barwick.

The company will hold two open houses, today in Barwick and tomorrow in Fort Frances, on its environmental assessment report.

Company vice-president Kyle Stanfield says the recent release of a new feasibility study shows plenty of promise for the project despite fluctuating gold prices.

New Gold anticipates production to begin in the later part of 2016, later than what had been projected by then-Rainy River Resources.