New Gold Inc.

Rainy River

Overview

May 15, 2020
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 2.6 million ounces
 
Silver 6.3 million ounces
Resources2: Gold 1.9 million ounces
 
Silver 5.1 million ounces
1 Proven and Probable Mineral Reserves as of December 31, 2019
2 Measured and Indicated Resources are exclusive of Mineral Reserves (Excludes Inferred Resources) as of December 31, 2019
 
Annual Production:
 
Rainy River Mine 2018 2019
Gold
(thousand ounces) 227 257
 
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.
 
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.

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.
 

Source: https://www.newgold.com/assets/rainy-river/default.aspx

May 19, 2020
Inside this issue
Electrician - Site Services (1366)

The role of Site Services Electrician is to perform proactive and corrective maintenance duties for the Site Services Department.

Training Superintendent (1367)

The Training Superintendent is responsible for leading, planning and implementing all training and development services, policies and programs for Rainy River.

Health & Safety Systems Managment Specialist - 1 Year Contract (1364)

Reporting to the Health and Safety and Security Manager, the successful applicant will be responsible for the implementation of the Health & Safety Management System (HSMS) for the Rainy River Mine site.