Monday, December 16, 2013

New Gold Continues Committement of Rainy River Project

New Gold is reaffirming its commitment to its newly acquired Rainy River gold project.

The mining company makes that promise following the release of a feasibility study for a gold project in British Columbia.

Chair Randall Oliphant says given the drop in gold prices and that the Rainy River project has a more modest capital requirement, the company's priority will be advancing the project north of Barwick.

An updated feasibility study for the project is due out early next year.