NEW GOLD PROVIDES EXPLORATION UPDATE FOR NEW AFTON AND RAINY RIVER MINES, HIGHLIGHTED BY SIGNIFICANT GROWTH AT NEW AFTON'S K-ZONE
New Afton's K-Zone More Than Doubles in Size, Rainy River Advancing Objective of Offsetting Mining Depletion
(All amounts are in U.S. dollars unless otherwise indicated)
TORONTO, September 8, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to provide an update on its ongoing exploration programs at the 100%-owned New Afton and Rainy River mines in Canada.
At New Afton, new underground drilling has confirmed the width and continuity of previously reported mineralization at K-Zone and discovered additional copper-gold porphyry mineralization emanating from the roots of the zone, which have more than doubled the known extent of the system. The K-Zone mineralized system now reaches approximately 600 metres in strike length and 900 metres in vertical extent, while exploration drill holes from surface have intersected new mineralization 550 metres to the east of the current footprint, demonstrating the potential for further growth.
At Rainy River, surface drilling has extended the NW Trend mineralization and underground drilling has extended underground mining zones, which continues to remain open at depth. Infill drilling continues to progress the conversion of near-surface and underground Inferred Mineral Resources to Indicated, which is expected to have a positive impact on year-end Mineral Reserve and Mineral Resource estimates.
"The remarkable exploration success at New Afton exemplifies the high quality of this asset and demonstrates the upside potential not yet captured in the reserve and resource statement," stated Patrick Godin, President and CEO. "Rainy River, having only recently restarted exploration campaigns of significant scale, is already contributing to offsetting mining depletion through incremental extensions of existing mining zones. Based on these strong results, we plan to increase this year's consolidated exploration budget by $6 million, mostly for an additional 15,000 metres of exploration drilling at K-Zone which will enable us to define the expanded envelope ahead of a maiden K-Zone mineral resource, which is expected to be announced with our year-end Mineral Reserve and Mineral Resource estimate update early in 2026. The continued exploration success supports the Company's strategic objectives to extend the mine lives of our two operations."
New Afton's K-Zone More Than Doubles in Size, New Copper-Gold Porphyry Mineralization Intersected 550 Metres to the East
Recent exploration drilling has significantly expanded the K-Zone mineralized system both eastward and at depth with the discovery of new porphyry mineralization emanating from the roots of the system ("K-Zone Footwall" shown in green in Figure 1 and Figure 2). K-Zone Footwall is characterized by multiple zones of chalcopyrite mineralization hosted in potassic-altered volcanic rocks, analogous to the style of mineralization found at C-Zone. The addition of this new mineralization doubles the size of the previously-reported K-Zone mineralized system and grows its horizontal thickness to 180 metres (Figure 2). Together with the K-Zone expansion drilling, underground infill drilling is confirming the grades and widths of previously reported drill results in the intrusive-hosted bornite-dominant porphyry mineralization at Upper K-Zone (shown in orange in Figure 1 and Figure 2). With the discovery of K-Zone Footwall, and with New Afton drilling at an all-time high, the overall K-Zone system is rapidly evolving into a significant growth opportunity for New Afton.
Additionally, exploration drilling intersected new copper-gold porphyry mineralization in previously unexplored areas to the east of K-Zone. Borehole AF24-596E, drilled from surface, intersected 0.75% copper mineralization and 0.59 g/t gold (1.17% CuEq) over 55 metres core length in volcanic rocks located 550 metres to the east of the current K-Zone footprint.
Following the expansion of the K-Zone mineralized envelope and the outstanding exploration success, the Company is increasing New Afton's 2025 exploration budget by $5 million to $22 million – totaling 63,000 metres of drilling – with the objective of reporting a maiden mineral resource for K-Zone in the 2025 year-end Mineral Reserve and Mineral Resource estimates and to advance a feasibility study for K-Zone later in 2026. Future development of K-Zone could leverage existing C-Zone infrastructure, including the thickened-and-amended tailings ("TAT") plant, crusher and conveyor system, and Integrated Operations Centre ("IOC").
K-Zone Footwall Drilling Highlights 1,2
New Upper K-Zone Drilling Highlights 1,2
1All gold and copper grades are reported uncapped. It has yet to be determined whether further exploration will result in the target being delineated as a mineral resource. Additional data and further interpretation work are expected to better define the geometry and extent of the mineralized zones.
2Indicative copper equivalent (CuEq) grades are included for context, estimated using price assumptions of US$4.20 per pound of copper, US$1,980 per ounce of gold, and US$24.00 per ounce of silver.
All new notable New Afton drilling intercepts are summarized in Table 1 below. Locations and orientations of all drilling are listed in Table 4.
Rainy River Exploration On-Track to Offset Mining Depletion
Rainy River's exploration strategy remains focused on sustaining its recent success in mineral reserve replacement. The 2025 program emphasizes infill drilling to convert Inferred Mineral Resources to Indicated Mineral Resources, and exploration drilling to expand both open pit and underground ore zones, thereby generating new inferred resources. Concurrently, engineering studies are advancing to support the conversion of Measured and Indicated Resources into Mineral Reserves.
As of the end of August, Rainy River has completed approximately 45,000 metres of its planned 58,000-metre 2025 exploration program, its most extensive drilling campaign since 2017. Encouraging results from the NW Trend open pit area, located west of the Phase 5 pushback, and extensions of the UG Main and Intrepid underground zones are expected to contribute positively to year-end Mineral Resource and Mineral Reserve estimates.
Positive results from the 2025 NW Trend exploration campaign, both within and beyond the 2024 resource pit shell, are anticipated to upgrade the classification to Indicated Mineral Resources and expand the zone's footprint (Figure 3). All new notable NW Trend drilling intercepts are summarized in Table 2 below.
In the underground mine, new surface drilling has confirmed strike and down-plunge extensions of the ODM Main, ODM East, 17 East, and Intrepid zones. Infill drilling is also supporting the ongoing conversion of inferred to indicated resources across all zones. With additional underground exploration platforms becoming available in 2026 and 2027, the next phases of drilling are expected to accelerate Mineral Resource and Mineral Reserve development across the ODM and Intrepid systems. All new notable drilling intercepts in the underground mine are summarized in Table 3 below. All Rainy River Locations and orientations of drilling are listed in Table 5.
NW-Trend Expansion Highlights (Outside 2024 Resource Pit Shell) 1
NW-Trend Infill Highlights (Within 2024 Resource Pit Shell) 1
ODM Main Drilling Highlights 1
ODM East Drilling Highlights 1
17 East Drilling Highlights 1
Intrepid Drilling Highlights 1
1All gold and silver grades are reported uncapped. It has yet to be determined whether further exploration will result in the target being delineated as a mineral resource. Additional data and further interpretation work are expected to better define the geometry and extent of the mineralized zones. Indicative gold equivalent (AuEq) grades are included for context, estimated using price assumptions of US$1,980 per ounce of gold and US$24.00 per ounce of silver.
Table 1: New Afton Notable Exploration Drilling Results 1,2
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Cu (%)
Ag (g/t)
CuEq (%)
AuEq (g/t)
Upper K-Zone
EA24-524B
346.0
360.0
14.0
6
1.20
1.29
4.63
2.15
3.13
EA24-524B
424.0
460.0
36.0
NA
0.19
0.41
1.86
0.56
0.81
EA24-533
460.0
526.0
66.0
18
1.22
0.90
4.69
1.78
2.59
including
494.0
508.0
14.0
4
2.37
1.82
10.14
3.53
5.14
EA24-537
274.0
290.0
16.0
NA
0.15
0.72
1.14
0.83
1.21
EA24-537
330.0
346.0
16.0
NA
0.11
0.38
0.96
0.46
0.67
EA24-539
282.0
304.0
22.0
19
0.37
0.73
1.63
1.00
1.45
EA24-543
754.0
830.0
76.0
NA
0.55
0.47
1.03
0.86
1.25
EA24-545
282.0
292.0
10.0
NA
1.26
0.09
0.47
0.96
1.40
EA24-546
348.0
364.0
16.0
9
0.43
0.46
1.80
0.77
1.12
EA25-552
444.0
490.0
46.0
NA
0.79
0.68
2.04
1.24
1.80
including
468.0
488.0
20.0
NA
1.48
1.09
2.64
2.13
3.10
EA25-552
520.0
530.0
10.0
NA
0.98
0.11
0.84
0.79
1.15
EA25-552
591.0
601.0
10.0
NA
0.57
0.16
1.88
0.57
0.83
EA25-559
182.0
194.0
12.0
NA
0.57
0.45
1.79
0.86
1.25
EA25-560
269.0
280.0
11.0
6
0.83
0.03
0.63
0.61
0.88
EA25-560
335.0
353.0
18.0
NA
0.53
0.08
0.62
0.45
0.65
EA25-561
132.9
220.0
87.1
73
0.43
0.36
1.29
0.67
0.97
EA25-562
153.2
178.0
24.8
18
1.27
0.87
2.47
1.76
2.57
EA25-562
202.0
242.0
40.0
21
0.62
0.51
1.53
0.95
1.38
EA25-563
141.9
221.0
79.1
43
0.30
0.35
1.12
0.57
0.82
EA25-564
139.0
206.0
67.0
56
1.02
2.00
10.26
2.79
4.05
including
151.7
196.0
44.3
37
1.47
2.82
15.07
3.96
5.75
EA25-565
399.7
414.4
14.7
8
1.64
1.90
5.41
3.07
4.47
EA25-566
468.0
485.4
17.4
NA
0.61
0.03
0.28
0.45
0.66
EA25-566
539.0
576.0
37.0
NA
0.31
0.42
1.56
0.65
0.94
EA25-568
380.0
535.0
155.0
50
1.48
2.73
14.16
3.87
5.62
including
409.7
531.6
121.9
43
1.80
3.38
17.55
4.76
6.93
EA25-570
135.0
189.0
54.0
48
1.12
1.38
7.26
2.21
3.22
EA25-575
158.1
240.0
81.9
62
1.60
1.32
2.74
2.44
3.55
EA25-577
112.0
139.9
27.9
27
1.01
2.39
14.32
3.20
4.66
EA25-578
172.0
204.9
32.9
30
0.92
1.61
6.96
2.30
3.35
EA25-585
166.9
209.0
42.1
30
1.51
2.34
13.74
3.49
5.08
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Cu (%)
Ag (g/t)
CuEq (%)
AuEq (g/t)
K-Zone Footwall
EA24-527
601.0
659.0
58.0
37
0.60
0.51
1.52
0.94
1.36
EA24-529B
560.0
594.0
34.0
NA
1.57
0.04
0.42
1.12
1.63
EA24-529B
718.0
750.0
32.0
12
1.25
1.17
2.89
2.05
2.99
EA24-529B
790.0
900.0
110.0
47
0.40
0.49
1.30
0.78
1.13
EA24-529B
944.0
1012.0
68.0
NA
0.48
0.39
0.89
0.73
1.06
EA24-529B
1044.0
1084.0
40.0
15
0.33
0.48
1.67
0.72
1.05
EA24-529B
1120.0
1130.0
10.0
NA
0.34
0.58
1.54
0.83
1.20
EA24-538
394.0
418.0
24.0
NA
0.27
0.44
1.30
0.64
0.93
EA24-538
482.0
530.0
48.0
35
2.89
2.72
22.61
4.90
7.12
EA24-543
975.0
1071.0
96.0
44
0.58
0.75
1.71
1.16
1.69
EA24-545
654.0
810.0
156.0
40
0.75
1.17
2.60
1.71
2.48
including
708.0
806.0
98.0
25
1.01
1.60
3.31
2.32
3.38
EA24-545
838.0
854.0
16.0
7
0.88
0.14
0.73
0.75
1.09
EA24-546
640.0
652.0
12.0
NA
0.20
0.44
2.12
0.60
0.87
EA25-547B
808.0
882.0
74.0
NA
0.54
0.66
1.73
1.05
1.52
including
864.0
880.0
16.0
NA
0.92
1.83
4.41
2.50
3.64
EA25-552
841.0
1025.0
184.0
52
0.67
1.03
2.55
1.51
2.20
including
913.0
1007.0
94.0
27
0.87
1.42
3.02
2.04
2.97
EA25-558
566.0
624.0
58.0
34
0.15
0.25
1.78
0.37
0.54
EA25-558
945.0
987.0
42.0
NA
0.21
0.39
1.54
0.55
0.80
EA25-560
239.4
259.8
20.4
15
0.62
1.61
4.85
2.08
3.02
EA25-565
556.0
572.0
16.0
NA
0.63
0.05
0.28
0.49
0.71
EA25-565
615.0
629.0
14.0
8
0.72
0.15
0.54
0.65
0.94
EA25-565
676.0
693.2
17.2
10
1.55
1.89
3.60
2.99
4.34
EA25-565
740.6
768.3
27.7
8
0.59
0.62
2.27
1.04
1.52
EA25-565
971.0
1017.0
46.0
20
0.24
0.44
1.07
0.61
0.89
EA25-565
1047.0
1077.0
30.0
15
0.18
0.32
1.55
0.46
0.66
EA25-566
256.0
332.5
76.5
30
0.46
0.43
1.29
0.76
1.10
EA25-567
375.0
450.0
75.0
12
0.44
0.54
1.86
0.86
1.25
EA25-567
518.0
638.0
120.0
29
0.47
0.86
2.24
1.20
1.75
EA25-568
545.0
591.4
46.4
NA
0.18
0.42
1.18
0.55
0.81
EA25-568
624.0
640.0
16.0
NA
0.59
0.98
3.68
1.42
2.06
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Cu (%)
Ag (g/t)
CuEq (%)
AuEq (g/t)
K-Zone Footwall
(cont'd)
EA25-568
745.0
822.0
77.0
38
0.80
0.91
3.78
1.49
2.17
EA25-568
864.9
895.0
30.1
NA
0.24
0.51
1.66
0.69
1.00
EA25-568
1107.0
1252.2
145.2
40
0.60
0.67
1.18
1.09
1.59
EA25-571
187.0
229.0
42.0
21
0.34
1.30
4.06
1.57
2.28
EA25-572
342.5
360.0
17.5
NA
0.88
0.94
2.40
1.57
2.28
EA25-572B
389.5
399.5
10.0
NA
0.38
1.14
2.13
1.42
2.06
EA25-572B
416.4
729.0
312.6
55
0.59
0.81
1.85
1.23
1.79
including
416.4
543.0
126.6
22
0.89
1.26
2.63
1.89
2.75
EA25-573
799.0
817.0
18.0
10
0.96
1.01
2.82
1.69
2.46
EA25-573
924.0
966.0
42.0
17
0.35
0.38
1.18
0.63
0.92
EA25-573
1032.4
1088.7
56.3
30
0.49
0.49
2.17
0.84
1.23
EA25-573
1104.0
1143.5
39.5
18
0.53
0.80
1.81
1.18
1.72
EA25-574
503.6
568.8
65.2
41
0.42
2.65
8.38
3.01
4.38
EA25-574
835.0
850.0
15.0
NA
0.11
0.43
2.06
0.52
0.76
EA25-576
410.0
453.5
43.5
NA
0.39
0.43
1.62
0.71
1.04
EA25-576
547.0
589.0
42.0
NA
0.49
0.64
1.53
0.99
1.44
EA25-576B
621.0
650.0
29.0
NA
0.71
0.43
1.47
0.93
1.35
EA25-576B
688.0
706.9
18.9
NA
0.38
0.69
1.42
0.96
1.40
New Mineralization
East of K-Zone
EA24-596E
1521.0
1576.0
55.0
NA
0.59
0.75
2.22
1.17
1.71
EA24-596
1409.0
1429.0
20.0
NA
0.24
0.21
1.08
0.38
0.56
EA24-596
1497.0
1567.0
70.0
NA
0.16
0.18
1.16
0.30
0.44
EA24-596
1633.5
1644.0
10.5
NA
0.38
0.24
1.67
0.52
0.75
1 Notable drilling intervals are defined by intervals with average grade above grade of 0.4% CuEq over core length greater than 10 metres, or if occurs in new areas
2 Indicative gold equivalent (AuEq) grades are included for context, estimated using price assumptions of US$4.20 per pound of copper, US$1,980 per ounce of gold and US$24.00 per ounce of silver.
Table 2: Rainy River Notable Exploration Drilling Results at NW Trend 1,2
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Ag (g/t)
AuEq
RC NW Trend
RC25-0084
107
125
18
14
1.82
2.93
1.86
Including
109
111
2
2
7.73
16.4
7.93
RC25-0085
63
73
10.0
8
5.88
1.14
5.89
Including
71
73
2.0
1.6
28.4
3.4
28.44
101
117
16
12
0.60
2.09
0.63
RC25-0088
47
65
18
14
0.56
1.44
0.58
RC25-0090
37
61
24
19
0.63
1.84
0.65
RC25-0108
49
61
12
9
0.85
1.64
0.87
RC25-0110
77
93
16
12
0.74
1.95
0.76
RC25-0107
89
113
24
19
0.59
1.48
0.61
RC25-0086
81
87
6
5
0.86
1.93
0.88
RC25-0097
113
125
12
9
0.89
2.38
0.92
RC25-0098
57
69
12
9
0.49
0.84
0.50
RC25-0100
75
87
12
9
0.49
0.26
0.49
RC25-0109
89
99
10
8
1.29
2.36
1.32
RC25-0092
65
71
6
5
1.16
3.87
1.21
81
99
18
14
1.03
2.2
1.06
RC25-0094
99
115
16
12
0.45
1.34
0.47
RC25-0095
185
201
16
12
1.67
0.59
1.68
RC25-0082
125
157
32
25
0.39
0.30
0.40
RC25-0106
55
63
8
6
1.86
1.88
1.88
RC25-0083
167
183
16
12
0.73
0.42
0.74
RC25-0116
73
95
22
17
0.64
3.12
0.68
RC25-0118
51
57
6
5
0.82
1.37
0.84
93
107
14
11
0.73
1.77
0.75
RC25-0119
131
137
6
5
0.72
1.23
0.73
RC25-0117
47
55
8
6
0.47
1.25
0.49
99
113
14
11
0.77
1.69
0.79
RC25-0121
141
151
10
8
3.15
4.22
3.20
RC25-0122
193
197
4
3
2.00
NA
NA
RC25-0123
73
87
14
11
0.69
1.56
0.71
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Ag (g/t)
AuEq
RC NW Trend (cont'd)
RC25-0124
99
117
18
14
0.80
1.32
0.82
RC25-0125
73
79
6
5
1.35
0.87
1.36
RC25-0126
73
79
6
5
1.17
3.20
1.21
RC25-0128
91
107
16
12
1.27
0.58
1.28
RC25-0129
93
113
20
16
5.06
NA
NA
Including
95
97
2
2
46.60
NA
NA
RC25-0130
77
83
6
5
1.31
NA
NA
RC25-0131
67
73
6
5
0.80
1.82
0.82
RC25-0132
79
89
10
8
0.72
1.32
0.74
Dimond Drilling NWT
RR25-2035
180.5
191
11
8
0.89
0.71
0.90
RR25-2036
82.5
94.5
12
9
0.45
0.94
0.46
RR25-2039
143
156.5
14
11
1.49
1.51
1.51
RR25-2040
219
235.5
17
13
0.47
2.78
0.50
RR25-2041
102.5
116
14
11
0.51
1.10
0.52
203
216.5
14
11
0.43
2.47
0.46
RR25-2044
68
86
18
14
0.40
1.23
0.41
101
112
11
9
3.34
2.24
3.37
Including
110
111
1.3
1
20.10
3.80
20.15
RR25-2045
130.5
153
22.5
18
0.45
1.26
0.47
RR25-2046
116
137
21
16
0.40
1.41
0.42
141.5
162.5
21
16
1.20
1.80
1.22
RR25-2047
140
159.5
19.5
15
0.56
1.29
0.58
RR25-2049
132.5
146
13.5
11
0.80
1.06
0.81
203
222.5
19.5
15
1.84
2.47
1.87
Including
203
204.5
1.5
1
18.20
20.70
18.45
240.5
254
13.5
11
0.83
1.81
0.85
RR25-2050
126.5
140
13.5
11
0.39
0.81
0.40
200
218
18
14
0.54
0.47
0.55
1Notable drilling intervals are defined by 6-metre-long composites with average grade above 0.4 g/t gold. Rainy River Open Pit Mineral Reserves cut-off grade is 0.3 g/t AuEq.
2Indicative gold equivalent (AuEq) grades are included for context, estimated using price assumptions of US$1,980 per ounce of gold and US$24.00 per ounce of silver.
Table 3: Rainy River Notable Exploration Drilling Results in the Underground Mine 1,2
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Ag (g/t)
AuEq
Main
RR24-2017-W1
1014.5
1019
4.5
4
1.77
2.30
1.80
RR24-2018
981.5
986
4.5
4
5.97
4.87
6.03
Including
984.5
986
1.5
1
13.80
10.80
13.93
RR24-2019
827
837
10.1
8
2.20
3.39
2.24
RR24-2020-W1
949.5
957
7.5
6
3.65
4.32
3.70
Including
952.5
954
1.5
1
11.60
13.70
11.77
RR24-2021
912
919
6.5
5
2.03
1.54
2.05
RR24-2021-W1
927.5
934
6.0
5
1.92
2.00
1.94
RR25-2051A
977
983
6.0
5
2.17
3.88
2.22
RR25-2063B
798
803
4.5
4
2.43
3.40
2.47
RR25-2065
936.5
941
4.5
4
1.72
1.40
1.74
RR25-2066A
801.5
812
10.5
8
6.88
5.08
6.94
Including
803
804
1.3
1
37.90
6.40
37.98
RR25-2066-W1
777
786
9.0
7
3.66
3.37
3.70
793.5
800
6.0
5
2.10
4.08
2.15
804
810
6.0
5
6.31
3.05
6.35
Including
808.5
810
1.5
1
17.90
2.40
17.93
RR25-2068A
929
934
4.5
4
2.69
NA
NA
RR25-2069-W2
964
967
3.0
2
2.83
NA
NA
RR25-2070B
875
880
4.5
4
2.34
11.90
2.48
RR25-2070-W1
855.5
862
6.0
5
4.71
NA
NA
882.5
887
4.5
4
2.61
NA
NA
RR25-2071
862.5
867
4.5
4
2.51
NA
NA
Main East
RR24-2026
885.5
892
6.0
5
1.95
3.08
1.99
RR25-2055
879.8
883
3.2
2
11.33
158.00
13.25
Including
879.8
881
0.8
0.6
43.50
158.00
45.42
RR25-2055-W1
872
878
6.0
5
3.23
2.62
3.26
885.0
891.5
6.5
5
9.05
14.83
9.23
Including
890
892
1.5
1
36.30
62.00
37.05
RR25-2067-W1
836.7
843
6.0
5
2.09
NA
NA
Including
836.7
838
1.5
1
7.03
NA
NA
Zone
Drill Hole
From (m)
To (m)
Interval (m)
Estimated True Width (m)
Au (g/t)
Ag (g/t)
AuEq
Zone 17
RR24-2031
971
983
12.0
9
2.22
5.45
2.29
RR25-2054A
1008
1011
3.0
2
3.04
15.60
3.23
RR25-2059B
996
1001
4.5
4
5.74
5.97
5.81
Including
996
998
1.5
1
14.10
12.40
14.25
1006.5
1011
4.5
4
2.97
2.13
3.00
Intrepid
RRUG24-0013
195
198
3.0
2
2.85
1.30
2.87
RR25-2057
711.5
719
7.5
6
4.10
1.60
4.12
Including
711.5
713
1.5
1
17.90
4.10
17.95
1Nottable drilling intervals are defined by 3-metre-long composites with average grade above 1.70 g/t gold. Rainy River underground Mineral Reserves cut-off grade is 1.68 g/t AuEq, minimum mining width is 2.4 metres.
2Indicative gold equivalent (AuEq) grades are included for context, estimated using price assumptions of US$1,980 per ounce of gold and US$24.00 per ounce of silver.
Table 4: All New Exploration Drilling Location and Orientation at New Afton
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
EA24-524B
324
-74
567
675,760
5,615,017
-38
EA24-527
360
-68
708
675,761
5,615,018
-39
EA24-529B
295
-79
1130
675,767
5,615,018
-38
EA24-533
246
-77
646
675,760
5,615,015
-38
EA24-537
339
-57
491
675,767
5,615,020
-38
EA24-538
356
-57
566
675,768
5,615,020
-38
EA24-539
300
-58
587
675,759
5,615,016
-38
EA24-543
235
-73
1094
675,760
5,615,014
-38
EA24-545
322
-80
903
675,767
5,615,019
-38
EA24-546
302
-70
683
675,760
5,615,017
-38
EA25-547B
206
-77
887
675,768
5,615,018
-34
EA25-550
150
-75
851
675,761
5,615,016
-38
EA25-552
261
-80
1133
675,760
5,615,015
-38
EA25-558
13
-62
1025
675,761
5,615,016
-36
EA25-559
117
-59
449
675,413
5,614,947
-436
EA25-560
102
-39
556
675,434
5,615,046
-423
EA25-561
115
-40
299
675,414
5,614,947
-436
EA25-562
116
-51
341
675,413
5,614,947
-436
EA25-563
133
-47
476
675,413
5,614,947
-434
EA25-564
115
-17
251
675,490
5,615,067
-420
EA25-565
319
-78
1099
675,767
5,615,018
-38
EA25-566
110
-61
626
675,431
5,615,047
-422
EA25-567
114
-72
680
675,431
5,615,047
-422
EA25-568
282
-79
1283
675,759
5,615,016
-38
EA25-570
135
-21
282
675,491
5,615,066
-421
EA25-571
136
-55
537
675,491
5,615,066
-422
EA25-572
88
-62
384
675,485
5,615,097
-421
EA25-572B
91
-62
743
675,485
5,615,097
-421
EA25-573
80
-26
1209
674,848
5,614,954
-494
EA25-574
342
-63
936
675,768
5,615,018
-38
EA25-575
138
-43
284
675,491
5,615,065
-424
EA25-576
138
-43
284
675,491
5,615,065
-424
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
EA25-576B
83
-63
717
675,431
5,615,047
-422
EA25-577
137
-2
245
675,491
5,615,066
-420
EA25-578
98
-16
275
675,492
5,615,068
-421
EA25-585
90
-1
248
675,489
5,615,069
-420
AF24-596
4
-67
1724
676,229
5,614,877
690
AF24-596E
8
-61
1578
676,229
5,614,877
690
Table 5: All New Exploration Drilling Location and Orientation at Rainy River
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
RC24-0054
35.0
69.0
119.0
423,925
5,410,249
364
RC24-0055
45.0
65.0
113.0
423,944
5,410,260
363
RC24-0060
34.0
69.0
139.0
424,071
5,410,324
363
RC24-0061
34.0
67.0
151.0
424,072
5,410,359
363
RC24-0064
47.0
75.0
133.0
424,164
5,410,266
357
RC24-0066
40.0
72.0
135.0
424,204
5,410,347
357
RC24-0067
40.0
58.0
125.0
424,212
5,410,356
357
RC24-0068
40.0
65.0
145.0
424,319
5,410,094
360
RC24-0078
40.0
60.0
111.0
424,266
5,410,305
357
RC24-0070
40.0
60.0
111.0
424,238
5,410,339
358
RC25-0082
40.0
64.0
195.0
424,263
5,409,915
357
RC25-0083
35.0
60.0
211.0
424,255
5,409,866
356
RC25-0084
40.0
65.0
201.0
424,405
5,409,811
351
RC25-0085
40.0
60.0
127.0
424,496
5,409,849
350
RC25-0086
35.0
57.0
121.0
424,487
5,409,892
350
RC25-0087
40.0
61.0
139.0
424,225
5,410,069
365
RC25-0088
20.0
52.0
151.0
424,435
5,409,878
350
RC25-0089
40.0
64.0
131.0
424,477
5,409,875
350
RC25-0090
40.0
60.0
151.0
424,444
5,409,876
350
RC25-0092
43.0
54.0
131.0
424,537
5,409,810
350
RC25-0093
40.0
57.0
159.0
424,260
5,409,933
357
RC25-0094
40.0
63.0
139.0
424,153
5,410,107
369
RC25-0095
50.0
64.0
211.0
424,252
5,409,861
356
RC25-0096
40.0
76.0
131.0
424,281
5,410,122
363
RC25-0097
40.0
62.0
141.0
424,486
5,409,816
349
RC25-0098
40.0
50.0
131.0
424,507
5,409,857
350
RC25-0099
45.0
50.0
191.0
424,088
5,410,355
363
RC25-0100
37.0
52.0
191.0
424,150
5,410,187
367
RC25-0104
24.0
57.0
171.0
424,143
5,410,272
358
RC25-0105
46.0
63.0
171.0
424,193
5,410,266
356
RC25-0106
35.0
60.0
141.0
424,274
5,410,128
364
RC25-0107
37.5
63.5
191.0
424,397
5,409,853
351
RC25-0108
40.0
63.0
165.0
424,461
5,409,841
350
RC25-0109
24.0
65.0
109.0
424,526
5,409,801
350
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
RC25-0110
24.0
57.0
171.0
424,401
5,409,867
351
RC25-0111
44.0
79.0
141.0
424,298
5,410,073
361
RC25-0112
38.0
80.0
161.0
424,310
5,410,101
361
RC25-0113
42.0
80.0
127.0
424,229
5,409,949
356
RC25-0114
20.0
70.0
115.0
424,224
5,409,954
356
RC25-0115
29.0
65.0
121.0
424,273
5,409,998
356
RC25-0116
10.0
55.0
171.0
424,707
5,409,559
348
RC25-0117
5.0
63.0
171.0
424,676
5,409,581
348
RC25-0118
5.0
65.0
171.0
424,636
5,409,603
349
RC25-0119
0.0
53.0
143.0
424,607
5,409,623
349
RC25-0120
17.0
50.0
139.0
424,623
5,409,613
349
RC25-0121
40.0
60.0
191.0
424,457
5,409,783
349
RC25-0122
33.0
71.5
201.0
424,455
5,409,780
349
RC25-0123
25.0
48.0
141.0
424,540
5,409,812
350
RC25-0124
40.0
62.0
155.0
424,499
5,409,769
349
RC25-0125
40.0
66.0
121.0
424,575
5,409,781
350
RC25-0126
40.0
61.0
137.0
424,532
5,409,780
349
RC25-0127
40.0
70.0
191.0
424,479
5,409,773
349
RC25-0128
21.0
66.0
151.0
424,347
5,409,921
357
RC25-0129
6.0
51.0
161.0
424,395
5,409,858
351
RC25-0130
15.0
66.0
181.0
424,460
5,409,795
349
RC25-0131
36.0
47.0
131.0
424,554
5,409,790
350
RC25-0132
7.0
63.0
161.0
424,462
5,409,815
349
RC25-0134
12.0
54.0
125.0
424,106
5,410,502
359
RC25-0138
11.0
72.5
145.0
424,115
5,410,483
359
RC25-0141
40.0
50.0
145.0
424,288
5,409,937
357
RC25-0145
351.0
61.0
101.0
424,198
5,410,344
357
RR25-2035
40.0
59.0
242.0
424,060
5,410,361
363
RR25-2036
41.0
60.0
234.0
424,100
5,410,326
363
RR25-2037
30.0
75.0
170.0
423,994
5,410,225
367
RR25-2038
40.0
73.0
104.0
424,001
5,410,254
365
RR25-2039
40.0
65.0
269.0
424,090
5,410,104
364
RR25-2040
33.0
70.0
261.0
424,119
5,410,071
359
RR25-2041
35.0
64.0
302.0
424,111
5,410,018
368
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
RR25-2042
40.0
62.0
267.0
424,140
5,409,995
355
RR25-2043
40.0
55.0
260.0
424,149
5,410,000
368
RR25-2044
20.0
60.0
242.0
424,349
5,409,809
351
RR25-2045
44.0
50.5
255.0
424,350
5,409,811
349
RR25-2046
42.0
60.0
251.0
424,371
5,409,796
349
RR25-2047
20.0
60.0
311.0
424,325
5,409,734
349
RR25-2048
30.0
61.0
296.0
424,359
5,409,752
350
RR25-2049
40.0
59.0
311.0
424,286
5,409,777
356
RR25-2050
30.0
53.0
284.0
424,279
5,409,789
355
RR24-2017D
29.0
83.0
1100.0
424,881
5,408,981
347
RR24-2017-W1
30.0
81.0
1046.0
424,881
5,408,981
347
RR24-2018
4.0
81.0
1134.5
425,053
5,408,839
347
RR24-2019
4.0
81.0
1034.0
424,880
5,408,982
347
RR24-2019-W1
4.5
79.0
1043.0
424,880
5,408,982
347
RR24-2019-W2
4.0
81.0
1031.0
424,880
5,408,982
347
RR24-2020B
17.0
78.0
1115.0
425,054
5,408,841
349
RR24-2020-W1
17.0
75.0
1077.0
425,054
5,408,841
349
RR24-2021
358.0
77.5
1097.0
425,054
5,408,842
351
RR24-2021-W1
359.0
76.0
1067.0
425,054
5,408,842
351
RR24-2021-W2
357.5
76.5
1061.0
425,054
5,408,842
351
RR24-2022
17.0
61.0
614.0
427,345
5,409,429
379
RR24-2023
16.0
68.0
611.0
427,343
5,409,427
386
RR24-2024
8.0
74.5
611.0
427,345
5,409,428
381
RR24-2025
12.0
70.5
596.0
427,345
5,409,429
379
RR24-2026
355.0
81.0
1010.0
425,566
5,408,961
352
RR24-2026-W1
354.5
80.0
981.0
425,566
5,408,961
352
RR24-2027
352.0
78.0
722.0
427,344
5,409,411
378
RR24-2028
5.0
66.5
590.0
424,606
5,409,348
350
RR24-2029
352.0
80.0
1078.5
425,054
5,408,841
347
RR24-2030A
20.5
73.0
602.0
424,606
5,409,347
348
RR24-2031
336.0
78.5
1034.0
425,995
5,408,892
349
RR24-2032
356.0
69.0
599.0
424,545
5,409,348
348
RR24-2033
337.0
76.0
1037.0
425,996
5,408,891
352
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
RR24-2034
12.0
76.0
635.0
424,546
5,409,348
348
RR25-2051A
353.0
81.0
1100.0
425,007
5,408,875
346
RR25-2052
348.0
72.5
830.0
427,017
5,409,191
368
RR25-2053
345.0
80.0
1056.0
425,006
5,408,877
351
RR25-2054A
355.0
81.0
1086.0
425,852
5,408,843
348
RR25-2055
351.0
78.0
993.0
425,524
5,408,905
348
RR25-2055-W1
352.0
75.0
968.0
425,524
5,408,905
348
RR25-2056
1.0
74.0
792.0
427,072
5,409,216
367
RR25-2057
4.0
72.0
810.0
427,072
5,409,216
367
RR25-2059B
350.0
83.0
1104.0
425,849
5,408,843
348
RR25-2060
354.0
72.5
903.0
425,576
5,408,963
348
RR25-2061
347.0
65.0
710.0
427,249
5,409,273
375
RR25-2063B
353.0
77.0
900.0
425,223
5,408,948
349
RR25-2063-W1
354.0
74.0
905.0
425,223
5,408,948
349
RR25-2064
7.0
74.5
911.0
425,575
5,408,963
349
RR25-2065
21.0
78.0
1020.0
425,054
5,408,842
347
RR25-2066A
343.0
73.0
899.0
425,224
5,408,949
349
RR25-2066-W1
344.0
71.0
882.0
425,224
5,408,949
349
RR25-2067
9.0
76.0
965.0
425,525
5,408,905
348
RR25-2067-W1
11.0
74.0
938.7
425,525
5,408,905
348
RR25-2068A
21.0
78.0
1040.0
425,054
5,408,842
351
RR25-2069
25.0
75.0
1031.0
425,056
5,408,843
351
RR25-2069-W2
28.0
75.0
1012.0
425,056
5,408,843
351
RR25-2070B
21.0
76.0
950.0
425,009
5,408,878
347
RR25-2070-W1
23.0
76.0
995.0
425,009
5,408,878
347
RR25-2071
7.0
75.5
921.0
425,223
5,408,950
349
RRUG24-0012
142.0
16.0
185.0
427,072
5,409,775
40
RRUG24-0013
150.0
23.0
205.5
427,071
5,409,775
40
RRUG24-0014
156.0
28.0
220.0
427,071
5,409,775
40
RRUG24-0015
157.0
18.0
180.0
427,071
5,409,775
40
RRUG24-0016
165.0
25.0
205.0
427,071
5,409,774
40
RRUG24-0017
150.0
14.0
150.0
426,851
5,409,668
4
RRUG24-0018
151.0
32.0
215.0
426,851
5,409,668
3
RRUG24-0019
164.0
35.0
225.0
426,850
5,409,668
3
Drill Hole
Azimuth
Dip
Length (m)
UTM Easting (m)
UTM Northing (m)
Elevation (m)
RRUG24-0020
174.0
31.0
205.0
426,850
5,409,668
3
RRUG24-0021
175.0
5.0
130.0
426,850
5,409,668
4
RRUG24-0022
184.0
33.0
230.0
426,849
5,409,668
3
RRUG24-0023
187.0
24.0
185.0
426,849
5,409,668
4
About New Gold
New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for our shareholders and stakeholders. For further information on the Company, visit www.newgold.com.
For further information, please contact:
Ankit Shah
Executive Vice President and Chief Strategy Officer
Direct: +1 (416) 324-6027
Email: ankit.shah@newgold.com
Brandon Throop
Director, Investor Relations
Direct: +1 (647) 264-5027
Email: brandon.throop@newgold.com
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including any information relating to New Gold's future financial or operating performance are "forward-looking". All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that New Gold expects to occur are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "targeted", "estimates", "forecasts", "intends", "anticipates", "projects", "potential", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation of such terms. Forward-looking statements in this news release include, among others, statements with respect to: expectations regarding the continued exploration upside around the New Afton mine and the eastern sector of the mine successfully developing into a promising opportunity for new high-grade mineralized area; the Company's expectation that the overall K-Zone system at New Afton will continue to rapidly expand into a significant future growth opportunity; accuracy of expectations regarding the minimized capital and time required to bring the eastern high-grade zones into production; intentions to allocate additional funds to the 2025 consolidated exploration budget and expected use of and benefits of funds; the Company successfully drilling 63,000 metres at New Afton and reporting initial mineral resources at K-Zone for year-end 2025; expectation that exploration progress at Rainy River and New Afton mines will have a positive impact on 2025 year-end Mineral Reserves and Mineral Resource estimates; expectations regarding the positive results from Rainy River mines 2025 NW Trend exploration campaign are anticipated to upgrade the classification to indicated mineral resources and expand the zone's footprint; expectation that additional underground exploration platforms will become available at Rainy River in 2026 and 2027; expectation that the next phase of drilling at Rainy River will accelerate resource and reserve development across the ODM and Intrepid systems; anticipated focus areas and priorities for the Company's exploration program and planned exploration activities; and successfully advancing the Company's strategic opportunities for mine life extension.
All forward-looking statements in this news release are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this news release, New Gold's most recent Annual Information Form and NI 43-1010 Technical Reports for New Afton Mine and Rainy River Mine filed on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking statements in this news release are also subject to the following assumptions: (1) there being no significant disruptions affecting New Gold's operations, including material disruptions to the Company's supply chain, workforce or otherwise; (2) political and legal developments in jurisdictions where New Gold operates, or may in the future operate, being consistent with New Gold's current expectations; (3) the accuracy of New Gold's current Mineral Reserve and Mineral Resource estimates and the grade of gold, copper and silver expected to be mined; (4) the exchange rate between the Canadian dollar and U.S. dollar and commodity prices being approximately consistent with current levels and expectations for the purposes of guidance and otherwise; (5) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with current levels; (6) equipment, labour and material costs increasing on a basis consistent with New Gold's current expectations; (7) arrangements with First Nations and other Indigenous groups in respect of the Rainy River Mine and the New Afton Mine being consistent with New Gold's current expectations; (8) all required permits, licenses and authorizations being obtained from the relevant governments and other relevant stakeholders within the expected timelines and the absence of material negative comments or obstacles during any applicable regulatory processes; and (9) the results of the life of mine plans for the Rainy River Mine and the New Afton Mine described herein being realized.
Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: price volatility in the spot and forward markets for metals and other commodities; discrepancies between actual and estimated production, between actual and estimated costs, between actual and estimated Mineral Reserves and Mineral Resources and between actual and estimated metallurgical recoveries; equipment malfunction, failure or unavailability; accidents; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates, including, but not limited to: uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements; changes in project parameters as plans continue to be refined; changing costs, timelines and development schedules as it relates to construction; the Company not being able to complete its construction projects at the Rainy River Mine or the New Afton Mine on the anticipated timeline or at all; the ability to successfully implement strategic plans; volatility in the market price of the Company's securities; changes in national and local government legislation in the countries in which New Gold does or may in the future carry on business; compliance with public company disclosure obligations; controls, regulations and political or economic developments in the countries in which New Gold does or may in the future carry on business; the Company's dependence on the Rainy River Mine and the New Afton Mine; the Company not being able to complete its exploration drilling programs on the anticipated timeline or at all; inadequate water management and stewardship; tailings storage facilities and structure failures; failing to complete stabilization projects according to plan; geotechnical instability and conditions; disruptions to the Company's workforce at either the Rainy River Mine or the New Afton Mine, or both; significant capital requirements and the availability and management of capital resources; additional funding requirements; diminishing quantities or grades of Mineral Reserves and Mineral Resources; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies including the Technical Reports for the Rainy River Mine and the New Afton Mine; impairment; unexpected delays and costs inherent to consulting and accommodating rights of First Nations and other Indigenous groups; climate change, environmental risks and hazards and the Company's response thereto; ability to obtain and maintain sufficient insurance; management and reporting of environmental, social and governance matters; actual results of current exploration or reclamation activities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States; global economic and financial conditions and any global or local natural events that may impede the economy or New Gold's ability to carry on business in the normal course; inflation; tariffs; compliance with debt obligations and maintaining sufficient liquidity; the responses of the relevant governments to any disease, epidemic or pandemic outbreak not being sufficient to contain the impact of such outbreak; disruptions to the Company's supply chain and workforce due to any disease, epidemic or pandemic outbreak; an economic recession or downturn as a result of any disease, epidemic or pandemic outbreak that materially adversely affects the Company's operations or liquidity position; taxation; fluctuation in treatment and refining charges; transportation and processing of unrefined products; rising costs or availability of labour, supplies, fuel and equipment; information systems security threats; adequate infrastructure; relationships with communities, governments and other stakeholders; perceived reputation amongst stakeholders; labour disputes; effectiveness of supply chain due diligence; the uncertainties inherent in current and future legal challenges to which New Gold is or may become a party; defective title to mineral claims or property or contests over claims to mineral properties; competition; loss of, or inability to attract, key employees; risks with respect to the Company's compensation systems; use of derivative products and hedging transactions; reliance on third-party contractors; counterparty risk and the performance of third party service providers; investment risks and uncertainty relating to the value of equity investments in public companies held by the Company from time to time; the adequacy of internal and disclosure controls; conflicts of interest; the lack of certainty with respect to foreign operations and legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; and the successful acquisitions and integration of business arrangements and realizing the intended benefits therefrom. In addition, there are risks and hazards associated with the business of mineral exploration, development, construction, operation and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding or drought and gold bullion losses (and, in each case, the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risk Factors" included in New Gold's Annual Information Form and other disclosure documents filed on and available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
QA/QC Procedure
New Gold maintains a Quality Assurance / Quality Control ("QA/QC") program at its Rainy River Mine operation using industry best practices and is consistent with the QA/QC protocols in use at all of the Company's exploration and development projects. Key elements of New Gold's QA/QC program include chain of custody of samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is sampled at lengths varying from 0.5 to 1.5 m, halved and shipped in sealed bags to Activation Laboratories Ltd. in Thunder Bay, Ontario. Reverse Circulation ("RC") drill rock chips are sampled at the drill at regular two metre intervals and shipped in sealed bags to Activation Laboratories Ltd. in Thunder Bay, Ontario. Additional information regarding the Company's data verification and quality assurance processes is set out in the February 10, 2025 Rainy River National Instrument 43-101 Technical Report titled "NI 43-101 Technical Report for the Rainy River Mine, Ontario, Canada" available on SEDAR+ at www.sedarplus.ca.
New Gold maintains a Quality Assurance / Quality Control ("QA/QC") program at its New Afton Mine operation using industry best practices and is consistent with the QA/QC protocols in use at all of the Company's exploration and development projects. Key elements of New Gold's QA/QC program include chain of custody of samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is sampled at regular two metre intervals, halved and shipped in sealed bags to Activation Laboratories Ltd. in Kamloops, British Columbia. Additional information regarding the Company's data verification and quality assurance processes is set out in the February 10, 2025 New Afton National Instrument 43-101 Technical Report titled "Technical Report on the New Afton Mine, British Columbia, Canada" available on SEDAR+ at www.sedarplus.ca.
Technical Information
The scientific and technical information relating to the drilling update on New Afton and Rainy River has been reviewed and approved by Dr. Jean-François Ravenelle, Vice President, Geology for the Company. Dr. Ravenelle is a Professional Geologist and a member of the Association of Professional Geoscientists of Ontario and the Ordre des Géologues du Québec. Dr. Ravenelle is a "Qualified Person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
For additional technical information on New Gold's material properties, including a detailed breakdown of Mineral Reserves and Mineral Resources by category, as well as key assumptions, parameters, and risks, refer to New Gold's Annual Information Form for the year ended December 31, 2024 dated February 24, 2025 filed and available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
SOURCE New Gold Inc.