Exploration success at New Gold’s New Afton C-zone could boost mine life beyond current plan

TSX- and NYSE MKT-listed gold producer New Gold late on Monday reported that exploration results from its British Columbia-based New Afton mine’s C-Zone could potentially add a further five years to the mine’s life at current throughput rates. The company announced that results from the C-Zone indicated a potential mine-life extension beyond the initial five years estimated in the February feasibility study. The results were potentially quite encouraging as they would build off the current five-year feasibility study mine life, but likely with only minor incremental capital requirements needed to push into the extended zone of mineralisation.