EX-99.1 2 pr2013_1021.htm NEWS RELEASE OF OCTOBER 21, 2013 pr2013_1021.htm


Exhibit 99.1
 
 
 

New Gold Achieves Targeted Throughput Increase at New Afton Ahead of Schedule
 
Provides Preliminary Third Quarter Production and Cost Results
 
(All figures are in US dollars unless otherwise indicated)

October 21, 2013 – New Gold Inc. (“New Gold”) (TSX and NYSE MKT:NGD) today announces that its New Afton Mine has successfully achieved the targeted increase in throughput to 12,000 tonnes per day, from a design capacity of 11,000 tonnes per day, three months ahead of schedule. The combination of the increased throughput, and higher grades and recoveries, resulted in increased production of both gold and copper during the third quarter at New Afton. As the company is hosting an analyst tour to New Afton on October 22, 2013, New Gold today provides preliminary third quarter production and cost results for New Afton as well as the balance of its portfolio of operating mines. The preliminary production and cost information provided reflects approximate figures and may differ slightly from the company’s third quarter earnings, which will be announced on October 29, 2013.
New Afton Update
 
 
·
Average mill throughput of 12,396 tonnes per day in September 2013
 
 
o
Represents 13% increase over 11,000 tonne per day design capacity
 
 
·
Average mill throughput of 11,967 tonnes per day during third quarter of 2013
 
 
·
Gold grade continued to reconcile positively against block model
 
 
·
80% increase in gold production to 25,220 ounces from 14,014 ounces in the third quarter of 2012
 
 
·
88% increase in copper production to 20.9 million pounds from 11.1 million pounds
 
 
·
Operation successfully tested over five-day period at rates of 14,000 to 15,500 tonnes per day
 
 
·
Continued positive exploration results at both the C-Zone and East Cave Extension targets
 

Consolidated 2013 Third Quarter Production and Cost Summary
 
 
·
Lowest cost quarter in the company’s history
 
 
·
All-in sustaining costs(1) of $779 per ounce
 
 
o
Total cash costs(2) of $280 per ounce compared to $443 per ounce in the prior year period
 
 
·
Gold production of 94,038 ounces compared to 104,577 ounces in the third quarter of 2012
 
 
o
Copper production increased by 67% to 23.7 million pounds from 14.2 million pounds
 
 
·
Cash and cash equivalents of $429 million at September 30, 2013
 
“The third quarter saw our company deliver on a number of very important objectives, however, it also brought with it certain challenges,” stated Randall Oliphant, Executive Chairman. “The combination of successfully increasing New Afton’s throughput and further reducing our costs positions us well going forward. At the same time, we are disappointed that the operational challenges we encountered at Cerro San Pedro and Mesquite have negatively impacted our quarterly and year-to-date production.”
 
 
 
 

 
 
New Gold will provide an update on its production and cost outlook for the fourth quarter and full year 2013 as part of its third quarter earnings announcement on October 29, 2013.
 
New Afton Update
 
Successfully Achieved Targeted Throughput Increase Ahead of Schedule
 
New Afton continued to build on its strong first half performance during the quarter. New Afton achieved records in multiple key operational categories during the quarter, including: average daily throughput, gold and copper grades, gold recovery and, most importantly, gold and copper production. At the beginning of 2013, New Gold’s objective was to steadily increase the throughput at New Afton beyond the 11,000 tonne per day design capacity, with the goal of averaging 12,000 tonnes per day by the end of the year. Through the dedicated efforts of the New Afton team, the mine reached this goal three months ahead of schedule, averaging 12,396 tonnes per day during the month of September. The combination of this record throughput, robust gold and copper grades, and steady recoveries resulted in continued increases in production of both gold and copper at New Afton. Gold grades were 0.82 grams per tonne, up from 0.67 grams per tonne in the prior year quarter and 0.78 grams per tonne in the second quarter of 2013. Copper grades were 0.98% compared to 0.72% in the prior year quarter and 0.96% in the second quarter of 2013. Recoveries were 87% for gold and 88% for copper, significantly higher than the third quarter of 2012 and consistent with the second quarter of 2013, despite the impact of the higher throughput. New Afton produced 25,220 ounces of gold and 20.9 million pounds of copper during the third quarter of 2013. With year-to-date production of 61,966 ounces of gold and 51.4 million pounds of copper, New Afton remains well on track to achieve its full year 2013 production estimates of 75,000 to 85,000 ounces of gold and 66 to 74 million pounds of copper.
 
Looking to Unlock Further Value with Additional Throughput Expansion Opportunity
 
In parallel with reaching the interim target of the 12,000 tonne per day throughput rate, the New Afton team has also been looking at opportunities to further increase the value of the operation by driving towards an even higher throughput level. During the third quarter, over a five-day period, the operation was run at rates between 14,000 and 15,500 tonnes per day to better assess which elements of the mining and milling processes could be further optimized at these higher levels. The underground mining operations performed well at the higher rates and demonstrated an ability to readily move well beyond 12,000 tonnes of ore to surface daily. The combination of 77 completed drawbells and the excess capacity of the crusher and conveyor system provides flexibility for the underground operations to move to a sustainably higher rate. The mill also handled the higher throughput levels, however, as anticipated, grind size increased and a decrease in recovery was seen as the mill moved to progressively higher rates. Currently, the company is evaluating low capital cost alternatives that should enable the mine to yield recoveries from the high 80% to low 90% rate, depending on ore type, when operating at higher throughput levels. Though the trade-offs are still in the process of being considered, this could include the addition of a tower mill for tertiary grinding at the back end of the grinding circuit as well as some additional flotation capacity.
 
As New Afton generated over 60% of New Gold’s earnings from mine operations in the second quarter of 2013, the company believes that looking at low incremental capital cost alternatives to increase the annual production of gold and copper, thus further increasing near-term cash flow, is one of the most compelling strategies to generate value for the benefit of New Gold’s shareholders.
 
After achieving the 12,000 tonne per day target ahead of schedule, New Gold’s goal is to now move New Afton toward a sustainable 14,000 tonne per day operation. The company intends to provide a further update on the timeline and estimated capital cost to achieve this objective as part of its annual investor and analyst day in early 2014.
 

 
 
2

 

 
Focused on the Future with Ongoing Exploration
 
The company’s exploration efforts at New Afton continue to focus on two key areas, the East Cave Extension and the C-Zone. The East Cave Extension is an area of mineralization that extends laterally from the main B-Zone reserve and lies beneath the previously mined Afton open pit. In the second half of 2012, the company successfully delineated additional resources in this area to extend New Afton’s mine life. In 2013, New Gold’s exploration team completed an additional 58 holes totaling 17,775 metres in this area with the goal of, once again, adding to the mineral reserve base. The results of the East Cave drilling program will be incorporated into an updated mineral resource and reserve estimate scheduled for completion at year-end.
 
The C-Zone resource, which represents the second area of exploration focus, lies immediately down plunge of the main B-Zone reserve currently being mined. The C-Zone mineral resource, summarized below, was last updated on May 1, 2013 and incorporated the results of the 2012 drill program and five holes completed in early 2013.
 
 
The 2013 C-Zone exploration program concluded in the third quarter, with 41 holes totaling 26,800 metres having been completed. Highlights of the 2013 C-Zone exploration program post the May resource update are shown below:
 
 
Note: All of the C-Zone assay results are available under the company’s profile on SEDAR at www.sedar.com as an Appendix to this news release as filed on SEDAR.
 
The 2013 New Afton drilling program has significantly increased the amount of drill hole data supporting the C-Zone mineral resource, both extending its limits and adding confidence to the distribution of metal grades and classification of the resource.
 
 
 
3

 
 
 
With the benefit of the completion of an updated C-Zone mineral resource estimate at year-end, the company plans to provide an update on how the C-Zone may factor into New Afton’s longer-term mine plan at its annual investor and analyst day to be held in early 2014.
 
Preliminary Production and Cost Results
 
 
Gold Production
 
New Afton – As previously noted, New Afton’s third quarter gold production increased by 80% when compared to the same period of the prior year. The combination of higher daily throughput, higher gold grades, which continue to reconcile favourably to the company’s plans, and higher gold recoveries led to the strong production. Collectively, these positive factors culminated in New Afton’s 2013 third quarter also delivering continued quarter-over-quarter improvement, with production increasing by 16% over the second quarter of 2013. The third quarter was the highest gold production quarter for New Afton since it commenced production in mid-2012.
 

 
4

 
 

 
Cerro San Pedro – Production at Cerro San Pedro was below that of the prior year periods due to a combination of lower ore tonnes placed on the leach pad and lower recoveries. The placement of lower ore tonnes was primarily driven by the impact of the previously announced pit wall movement. As noted in New Gold’s August 28, 2013 news release regarding the pit wall movement, the company anticipated approximately 15,000 ounces of Cerro San Pedro’s 2013 gold production would be deferred to future periods if the area immediately below the wedge of displaced material could not be accessed during the current phase of mining. The area impacted by the pit wall movement is now planned to be mined during the next phase of mining in 2014 and 2015.
 
As part of the same August news release, the company indicated that recoveries from the leach pad had been below expectations. The continuation of these lower recoveries also contributed to the lower production in the third quarter. Over the course of the quarter, the metallurgical team adjusted the leach solution by increasing cyanide and sodium hydroxide levels as well as adding more lime to the ore trucks. The goal of these adjustments is to optimize the leach solution in an effort to maximize the recoveries from the multiple ore types at Cerro San Pedro over time. At the same time, as a result of the above noted pit wall movement, the company had to shift its mining efforts further towards the bottom of the open pit, where the ore is more sulphidic and thus has lower recoveries, earlier than planned. Mining is scheduled to remain in this lower area through early 2014 after which the next phase of mining will move back to the top of the ore body where the material is more oxidized and should have recoveries more consistent with historical levels.
 
As previously disclosed, the combination of the pit wall movement and lower recoveries will result in Cerro San Pedro’s 2013 gold production being below the previous expectation of 140,000 to 150,000 ounces.
 
Mesquite – Mesquite’s production in both the three and nine month periods ended September 30, 2013 was below that of the prior year periods primarily due to mining of ore below both reserve grade and grades mined in the first nine months of 2012. The planned mining of lower grade ore was further impacted by a negative variance between realized and planned grades in the area of the pit that was mined during the third quarter. Per the mine plan, mining has since moved to a different area of the mine. As noted in the company’s second quarter earnings results, due to the lower year-to-date production, Mesquite’s 2013 gold production outlook will be below its guidance range of 130,000 to 140,000 ounces. Mesquite is, however, still expected to have its strongest quarter of the year in the fourth quarter.
 
Peak Mines – Gold production at the Peak Mines was in line with the prior year quarter. For the nine month period ended September 30, 2013, all of the key production drivers, tonnes processed, gold grades and recoveries increased, resulting in a 15% increase in gold production when compared to the same period of the prior year. With its strong year-to-date performance, Peak Mines’ full year gold production target remains in line with the original guidance range of 95,000 to 105,000 ounces.
 
Copper Production
 
Copper production increased by 67% when compared to the third quarter of 2012, driven by New Afton’s strong contribution. The continued throughput increases at New Afton, coupled with higher grades and steady recoveries, led to a 12% increase in copper production compared to the second quarter of 2013. At the Peak Mines, copper production was consistent with the prior year periods as increased tonnes processed largely offset the planned mining of lower copper grades. 2013 full year copper production remains in line with the company’s guidance of 78 to 88 million pounds.
 
Silver Production
 
Silver production in both the three and nine month periods ended September 30, 2013 was below that of the prior year periods for reasons consistent with those noted above regarding Cerro San Pedro’s gold production.
 

 
 
5

 

 
All-in Sustaining Costs(1) and Total Cash Costs(2)
 
On a consolidated basis, during the third quarter, both the all-in sustaining costs(1) and total cash costs(2) were the lowest in New Gold’s history. All-in sustaining costs(1), which was formally adopted as the new industry cost standard earlier this year, decreased by $90 per ounce compared to the prior year quarter and $152 per ounce when compared to the second quarter of 2013. Total cash costs(2) decreased by $163 per ounce compared to the prior year quarter and $150 per ounce compared to the second quarter of 2013. The decreases in both cost measures were attributable to the significant contribution of the low cost New Afton Mine and the company’s dedicated focus on maintaining its position as one of the industry’s lowest cost producers.
 
New Afton – Costs decreased when compared to the third quarter of 2012 as a result of the mine’s strong operating performance. The increase in copper production at New Afton more than offset the decrease in the average realized copper price when compared to the third quarter of the prior year. New Afton’s robust copper revenue positions the operation well to continue being a high margin contributor to New Gold’s portfolio going forward.
 
Cerro San Pedro – The increase in cash costs when compared to the prior periods is attributable to a combination of lower silver by-product revenue and the fixed portion of the operation’s costs being attributed to a lower gold production base. Cerro San Pedro generated $10 million, or approximately $205 per ounce, less silver by-product revenue when compared to the third quarter of the prior year due to a combination of lower silver by-product sales volumes and lower average realized silver prices. Cerro San Pedro’s all-in sustaining costs(1) of $771 per ounce continue to be well below the industry average.
 
Mesquite – Costs at Mesquite were higher than the prior year periods due to mining of lower grade ore, resulting in a lower production base. The impact of the lower production was partially offset by a decrease in the mine’s gross operating costs during both the three and nine month periods ended September 30, 2013. Mesquite’s all-in sustaining costs(1) decreased by $272 per ounce when compared to the second quarter of 2013.
 
Peak Mines – The change in total cash costs(2) at the Peak Mines during the quarter and year-to-date period was attributable to a combination of lower copper by-product revenue and increased mining costs from mining deeper portions of the Peak ore bodies. This was partially offset by the depreciation of the Australian dollar and the higher gold production base. As anticipated, total cash costs(2) decreased by $92 per ounce and all-in sustaining costs(1) decreased by $170 per ounce when compared to the second quarter of 2013.
 
Consistent with the World Gold Council’s all-in sustaining costs(1) guidance announced on June 27, 2013, New Gold will report this new cost metric going forward. This new non-GAAP measure is intended to provide further transparency into costs associated with producing gold. For a period of time, New Gold will also continue to show its total cash costs(2) for purposes of comparability to the company’s prior year periods.
 
New Gold’s third quarter all-in sustaining costs(1) were $779 per ounce, demonstrating a steady and meaningful decrease from $1,004 per ounce in the first quarter of 2013 and $931 per ounce in the second quarter. The company continues to further establish itself as one of the lowest cost producers in the industry.
 
“Two of our four operations, Peak Mines and particularly New Afton, had strong quarters, while Cerro San Pedro and Mesquite faced challenges,” stated Robert Gallagher, President and Chief Executive Officer. “We are very focused on improving the performance of our two open pit mines, while also ensuring New Afton and Peak Mines finish the year strongly.”
 
Balance Sheet
 
At September 30, 2013, the key components of New Gold’s consolidated statements of financial position included $429 million in cash and cash equivalents and $860 million in long-term debt. The components of the long-term debt are: $300 million of 7.00% face value senior unsecured notes due in April 2020, $500 million of 6.25% face value senior unsecured notes due in November 2022 and $76 million in El Morro funding loans, repayable out of a portion of New Gold’s share of El Morro cash flow upon the start of production.
 
 
 
6

 
 
Webcast and Conference Call

New Gold plans to announce its third quarter financial results, including an update on its 2013 outlook, prior to the market opening on Tuesday, October 29, 2013. A webcast and conference call will be held on October 29th at 9:00 a.m. Eastern Time to discuss the results. Participants may listen to the webcast by registering on our website at www.newgold.com. You may also listen to the conference by calling toll-free 1-888-231-8191 or 1-647-427-7450 outside of Canada and the U.S. To listen to a recorded playback of the call after the event, please call toll-free 1-855-859-2056 or 1-416-849-0833 outside of Canada and the U.S. - Passcode 87299582. An archived webcast will also be available at www.newgold.com following the event.
 
About New Gold Inc.
 
New Gold is an intermediate gold mining company. The company has a portfolio of four producing assets and three significant development projects. The New Afton Mine in Canada, the Cerro San Pedro Mine in Mexico, the Mesquite Mine in the United States and the Peak Mines in Australia provide the company with its current production base. In addition, New Gold owns 100% of the Blackwater and Rainy River projects, both in Canada, as well as 30% of the El Morro project located in Chile. New Gold’s objective is to continue to establish itself as a leading intermediate producer, focused on the environment and sustainability. For further information on the company, please visit www.newgold.com.
 
 
Cautionary Note Regarding Forward-Looking Statements
 
Certain information contained in this news release, including any information relating to New Gold Inc.’s (“New Gold) future financial or operating performance as well as information respecting its assets, may be deemed “forward looking”. All statements in this news release, other than statements of historical fact that address events 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”, “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. Without limiting the foregoing, examples of forward-looking information in this news release include, among others, statements with respect to: New Gold’s guidance for production, planned modifications to operations (and the cost of any such modifications) and potential opportunities to increase recovery rates, throughput rates and value, the expected impact on recoveries of adjustments to the leach solution at Cerro San Pedro, the estimation of mineral reserves and resources and the realization of mineral reserves and resources (including grades), expected future mining activities, grades and recovery rates and the timing and amount of estimated future production (including mining and milling rates), the expected life of New Gold’s mines,, exploration potential and the result of future exploration activities.
 
 
All such forward-looking statements are based on the reasonable 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. Forward-looking statements are necessarily based on estimates and assumptions.  In addition to assumptions specifically identified in this news release, the key assumptions and estimates are discussed in New Gold’s most recent interim management discussion and analysis and technical reports filed at www.sedar.com. The estimates and assumptions upon which the forward-looking statements in this news release are based 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: significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia and Mexico; discrepancies between actual and estimated production, between actual and estimated Reserves and Resources and between actual and estimated metallurgical recoveries; changes in national and local legislation or regulation, or political or economic developments, in Canada, the United States, Australia and Mexico; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licences and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates, including, but not limited to in Mexico, where Cerro San Pedro has a history of ongoing legal challenges related to New Gold's environmental authorization (EIS);; the lack of certainty with respect to foreign 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; diminishing quantities or grades of Reserves; loss of key employees; additional funding requirements; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies; changes in parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; and unexpected delays and costs inherent to consulting and accommodating rights of First Nations. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as “Risk Factors” included in New Gold’s (and, in respect to information related to the acquisition of Rainy River and/or the Rainy River Gold Project, in Rainy River’s) disclosure documents filed on and available at www.sedar.com. 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.
 
 
 
7

 
 
Cautionary Note to U.S. Readers Concerning Estimates of Measured, Indicated and Inferred Mineral Resources

 
Information concerning the properties and operations of New Gold has been prepared in accordance with Canadian standards under applicable Canadian securities laws, and may not be comparable to similar information for United States companies. The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” used in this news release are Canadian mining terms as defined in accordance with National Instrument 43-101 (“NI 43-101”) under guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on November 27, 2010. While the terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are recognized and required by Canadian securities regulations, they are not defined terms under standards of the United States Securities and Exchange Commission. Under United States standards, mineralization may not be classified as a “Reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the Reserve calculation is made. As such, certain information contained in this news release concerning descriptions of mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the United States Securities and Exchange Commission. An “Inferred Mineral Resource” has a great amount of uncertainty as to its existence and as to its economic and legal feasibility. It cannot be assumed that all or any part of an “Inferred Mineral Resource” will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies. Readers are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into Mineral Reserves. Readers are also cautioned not to assume that all or any part of an “Inferred Mineral Resource” exists, or is economically or legally mineable. In addition, the definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” under CIM standards differ in certain respects from the standards of the United States Securities and Exchange Commission.
 
Technical Information
 
The scientific and technical information in this news release has been reviewed and approved by Mark Petersen, a Qualified Person under National Instrument 43-101 and officer of New Gold. For additional information regarding such scientific and technical information, refer to New Gold's annual information form dated March 27, 2013, as well as the company's press release entitled "New Gold Announces 2013 First Quarter Results – Increases Gold and Copper Resources at New Afton C-Zone by Over 300 Percent" dated May 1, 2013.
 
All New Gold exploration drill hole samples are analyzed by independent analytical laboratories. Gold and copper analyses for the New Afton exploration project are done via fire assay with AA finish for gold and induction coupled plasma spectrophotometry for copper. The company maintains a strict Quality Assurance / Quality Control (“QA/QC”) program using industry best practices that are consistent with the QA/QC protocols in use at all of its exploration and development projects. Key elements of New Gold’s QA/QC program include verifiable chain of custody of samples, regular insertion of certified reference standards and blanks, and duplicate check and independent umpire assays. Industry standard 63.5 millimetre diameter diamond drill core is sampled at regular 2 metre intervals, halved and shipped in sealed bags to Activation Laboratories in Kamloops, British Columbia. Independent umpire check analyses are completed by SGS Laboratories, Vancouver, British Columbia.
 
Non-GAAP Measures
 
(1) ALL-IN SUSTAINING COSTS
 
Consistent with the guidance announced earlier in 2013 from the World Gold Council, an association of various gold mining companies from around the world of which New Gold is a member, New Gold defines “all-in sustaining costs” as the sum of total cash costs, sustaining capital expenditures, corporate general & administrative costs, capitalized and expensed exploration that is sustaining in nature and environmental reclamation costs. New Gold believes this non-GAAP measure provides further transparency into costs associated with producing gold and will assist analysts, investors and other stakeholders of the company in assessing its operating performance, its ability to generate free cash flow from current operations and its overall value. All-in sustaining costs constitute a non-GAAP measure and are intended to provide additional information only and do not have any standardized meaning under IFRS. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. A reconciliation to the nearest IFRS measure will be provided in the MD&A accompanying the quarterly financial statements.
 
(2) TOTAL CASH COSTS
 
“Total cash costs” per ounce figures are non-GAAP measures which are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is widely accepted as the standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. New Gold reports total cash costs on a sales basis. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs are reduced by any by-product revenue and is then divided by ounces sold to arrive at the total by-product cash cost of sales. The measure, along with sales, is considered to be a key indicator of a company’s ability to generate operating earnings and cash flow from its mining operations. This data is furnished to provide additional information and is a non-IFRS measure. Total cash costs presented do not have a standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of operating costs presented under IFRS. A reconciliation to the nearest IFRS measure will be provided in the MD&A accompanying the quarterly financial statements.

 
8

 

For further information please contact:

Hannes Portmann
Vice President, Corporate Development
Direct: +1 (416) 324-6014
Email: info@newgold.com


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9

 
 
 

Drill Assay Summary
       
             
C-Zone
           
             
Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA12-001
 
1
464
464
0.03
0.02
EA12-001
 
464
490
26
1.09
1.21
EA12-001
includes
476
488
12
1.72
2.10
EA12-001
 
490
569
79
0.08
0.12
EA12-002
 
2
248
246
0.11
0.06
EA12-002
 
248
264
16
0.17
0.16
EA12-002
 
264
441
177
0.88
1.21
EA12-002
includes
264
362
98
1.15
1.53
EA12-003
 
0
300
300
0.10
0.03
EA12-003
 
300
313
13
0.58
0.20
EA12-004
 
0
424
424
0.03
0.02
EA12-004
 
424
530
106
0.07
0.09
EA12-005
 
0
98
98
0.05
0.03
EA12-005
 
98
160
62
0.27
0.02
EA12-005
 
160
178
18
0.39
0.03
EA12-005
 
178
424
246
0.07
0.02
EA12-005
 
424
478
54
1.56
1.56
EA12-005
includes
426
446
20
1.82
2.13
EA12-005
includes
454
468
14
2.11
1.52
EA12-005
 
478
554
76
0.15
0.07
EA12-006
 
2
452
450
0.03
0.02
EA12-006
 
452
458
6
0.64
0.56
EA12-006
 
458
498
40
0.05
0.03
EA12-006
 
498
526
28
0.37
0.34
EA12-006
 
526
546
20
0.14
0.13
EA12-007
 
0
424
424
0.08
0.03
EA12-007
 
424
494
70
1.21
1.20
EA12-007
includes
428
440
12
2.97
2.97
EA12-007
 
494
546
52
0.20
0.18
EA12-008
 
0
428
428
0.04
0.02
EA12-008
 
428
448
20
1.25
1.49
EA12-008
includes
430
440
10
1.75
2.25
EA12-008
 
448
530
82
0.05
0.04
EA12-009
 
0
126
126
0.08
0.05
EA12-009
 
126
134
8
0.27
0.42
EA12-009
 
134
262
128
0.09
0.03
EA12-009
 
262
286
24
0.33
0.05
EA12-009
 
286
376
90
0.53
0.75
EA12-009
 
376
396
20
0.04
0.02
EA12-009
 
396
444
48
1.89
1.66
EA12-009
includes
404
428
24
2.43
2.33
EA12-009
 
444
480
36
0.21
0.08
EA12-009
 
480
494
14
0.21
0.27
EA12-009
 
494
521
27
0.06
0.04

 
10

 

Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA12-010
 
0
242
242
0.03
0.01
EA12-010
 
242
262
20
0.34
0.08
EA12-010
 
262
442
180
0.05
0.02
EA12-010
 
442
468
26
1.21
1.22
EA12-010
 
468
516
48
0.13
0.06
EA12-010
 
516
548
32
0.28
0.16
EA12-011
 
0
162
162
0.11
0.06
EA12-011
 
162
174
12
0.36
0.12
EA12-011
 
174
194
20
0.05
0.07
EA12-011
 
194
230
36
0.31
0.09
EA12-011
 
230
294
64
0.11
0.02
EA12-011
 
294
318
24
0.39
0.03
EA12-011
 
318
346
28
0.15
0.02
EA12-011
 
346
358
12
1.54
0.63
EA12-011
 
358
418
60
0.07
0.02
EA12-011
 
418
470
52
1.59
1.35
EA12-011
includes
432
446
14
2.93
2.47
EA12-011
 
470
528
58
0.57
0.50
EA12-011
 
528
555
27
0.12
0.08
EA12-012
 
0
82
82
0.41
0.04
EA12-012
 
82
148
66
0.28
0.15
EA12-012
 
148
290
142
0.07
0.04
EA12-012
 
290
314
24
0.83
0.78
EA12-012
 
314
406
92
0.08
0.06
EA12-012
 
406
426
20
0.39
0.42
EA12-012
 
426
480
54
0.09
0.06
EA12-012
 
480
502
22
1.62
1.55
EA12-012
 
502
517
15
0.18
0.14
EA12-013
 
0
462
462
0.04
0.02
EA12-013
 
462
506
44
0.29
0.41
EA12-013
 
506
558
52
0.08
0.09
EA12-014
 
1
144
143
0.11
0.03
EA12-014
 
144
174
30
0.41
0.07
EA12-014
 
174
214
40
0.16
0.13
EA12-014
 
214
256
42
0.24
0.40
EA12-014
 
256
459
203
0.10
0.04
EA12-015
 
0
72
72
0.09
0.02
EA12-015
 
72
138
66
0.32
0.10
EA12-015
 
138
225
87
0.06
0.01
EA12-016
 
2
646
644
0.03
0.02
EA12-016
 
646
685
39
0.64
1.04
EA12-016
includes
646
668
22
0.73
1.28
EA12-017
 
0
61
61
0.06
0.03
EA12-017
 
61
81
20
0.70
0.05
EA12-017
 
81
172
91
0.32
0.04

 
11

 

Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA12-018
 
1
156
155
0.15
0.03
EA12-018
 
156
166
10
2.16
0.18
EA12-018
 
166
212
46
0.11
0.13
EA12-018
 
212
234
22
0.24
0.30
EA12-018
 
234
328
94
0.07
0.06
EA12-018
 
328
362
34
0.27
0.45
EA12-018
 
362
439
77
0.10
0.05
EA12-019
 
0
92
92
0.06
0.02
EA12-019
 
92
134
42
0.21
0.03
EA12-019
 
134
166
32
0.09
0.01
EA12-019
 
166
252
86
0.33
0.05
EA12-019
 
252
322
70
0.12
0.06
EA12-019
 
322
460
138
0.06
0.02
EA12-019
 
460
626
166
1.23
1.30
EA12-019
includes
464
530
66
2.16
2.18
EA12-019
 
626
634
8
0.02
0.05
EA12-020
 
1
348
347
0.04
0.02
EA12-020
 
348
368
20
0.28
0.01
EA12-020
 
368
637
269
0.05
0.04
EA12-021
 
0
58
58
0.05
0.03
EA12-021
 
58
66
8
2.62
0.13
EA12-021
 
66
110
44
0.03
0.01
EA12-021
 
110
122
12
0.36
0.01
EA12-021
 
122
418
296
0.08
0.01
EA12-021
 
418
432
14
0.42
0.08
EA12-021
 
432
440
8
1.16
1.24
EA12-021
 
440
488
48
0.03
0.01
EA12-021
 
488
524
36
1.62
1.28
EA12-021
 
524
564
40
0.31
0.08
EA12-021
 
564
597
33
1.38
1.69
EA12-022
 
0
184
184
0.06
0.01
EA12-022
 
184
194
10
0.89
0.19
EA12-022
 
194
292
98
0.07
0.01
EA12-022
 
292
302
10
1.31
0.10
EA12-022
 
302
504
202
0.05
0.02
EA12-022
 
504
626
122
0.98
0.70
EA12-022
includes
524
550
26
1.89
0.79
EA12-022
includes
580
588
8
1.62
1.12
EA12-022
 
626
640
14
0.16
0.02
EA12-023
 
0
304
304
0.02
0.02
EA12-023
 
304
334
30
0.30
0.05
EA12-023
 
334
574
240
0.05
0.01
EA12-023
 
574
624
50
1.12
1.07
EA12-023
includes
598
622
24
1.61
1.32
EA12-023
 
624
694
70
0.19
0.17

 
12

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA12-024
 
0
306
306
0.09
0.02
EA12-024
 
306
412
106
0.66
0.07
EA12-024
 
412
574
162
0.03
0.02
EA12-024
 
574
674
100
1.19
1.14
EA12-024
includes
602
620
18
2.84
2.03
EA12-024
 
674
694
20
0.17
0.17
EA12-024
 
694
730
36
0.96
1.18
EA12-024
 
730
742
12
0.07
0.02
EA12-025
 
0
186
186
0.07
0.04
EA12-025
 
186
216
30
0.48
0.12
EA12-025
 
216
496
280
0.06
0.02
EA12-025
 
496
602
106
1.20
1.02
EA12-025
includes
592
602
10
1.48
2.31
EA12-025
 
602
631
29
0.06
0.04
EA12-026
 
0
518
518
0.03
0.02
EA12-026
 
518
542
24
0.08
0.14
EA12-026
 
542
572
30
0.43
1.12
EA12-026
includes
544
554
10
0.06
1.83
EA12-026
 
572
608
36
0.02
0.06
EA13-027
 
0
228
228
0.09
0.02
EA13-027
 
228
240
12
0.36
0.14
EA13-027
 
240
274
34
0.18
0.02
EA13-027
 
274
284
10
0.82
0.10
EA13-027
 
284
294
10
0.16
0.05
EA13-027
 
294
308
14
0.49
0.02
EA13-027
 
308
320
12
0.08
0.02
EA13-027
 
320
332
12
0.59
0.06
EA13-027
 
332
614
282
0.08
0.03
EA13-027
 
614
622
8
0.49
1.02
EA13-027
 
622
636
14
0.16
0.16
EA13-027
 
636
676
40
0.82
0.94
EA13-027
includes
652
660
8
1.43
1.79
EA13-027
 
676
696
20
0.08
0.08
EA13-028
 
0
628
628
0.04
0.03
EA13-028
 
628
650
22
0.35
0.43
EA13-029
 
0
332
332
0.04
0.02
EA13-029
 
332
354
22
0.38
0.01
EA13-029
 
354
384
30
0.04
0.00
EA13-029
 
384
464
80
0.08
0.02
EA13-029
 
464
502
38
0.93
1.18
EA13-029
includes
464
484
20
1.02
1.64
EA13-029
 
502
577
75
0.04
0.05

 
13

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-030
 
1
306
305
0.10
0.02
EA13-030
 
306
314
8
0.44
0.42
EA13-030
 
314
532
218
0.04
0.02
EA13-030
 
532
548
16
0.11
0.35
EA13-030
 
548
614
66
0.38
0.55
EA13-030
 
614
628
14
0.02
0.02
EA13-030
 
628
638
10
0.40
1.22
EA13-030
 
638
648
10
0.05
0.11
EA13-030
 
648
662
14
0.64
0.87
EA13-030
 
662
676
14
0.41
0.17
EA13-030
 
676
764
88
0.10
0.05
EA13-031
 
0
644
644
0.07
0.02
EA13-031
 
644
708
64
0.86
1.33
EA13-031
includes
644
656
12
0.50
1.82
EA13-031
includes
662
694
30
1.28
1.70
EA13-031
 
708
736
28
0.10
0.09
EA13-032
 
0
94
94
0.03
0.01
EA13-032
 
94
104
10
0.93
0.02
EA13-032
 
104
194
90
0.13
0.01
EA13-032
 
194
206
12
0.43
0.04
EA13-032
 
206
304
98
0.13
0.04
EA13-032
 
304
328
24
0.47
0.03
EA13-032
 
328
478
150
0.04
0.01
EA13-032
 
478
622
144
0.92
1.10
EA13-032
includes
484
542
58
1.52
1.14
EA13-032
includes
546
554
8
0.60
1.43
EA13-032
includes
564
572
8
0.62
1.72
EA13-032
includes
606
620
14
0.78
1.69
EA13-033
 
0
254
254
0.05
0.02
EA13-033
 
254
294
40
0.87
0.03
EA13-033
includes
260
270
10
1.68
0.04
EA13-033
 
294
564
270
0.08
0.06
EA13-033
 
564
592
28
0.09
0.30
EA13-033
 
592
624
32
0.02
0.07
EA13-033
 
624
638
14
0.17
0.30
EA13-033
 
638
658
20
0.55
0.86
EA13-033
includes
638
646
8
0.79
1.36
EA13-033
 
658
681
23
0.13
0.18
EA13-034
 
0
488
488
0.04
0.02
EA13-034
 
488
536
48
0.21
0.03
EA13-034
 
536
572
36
0.66
0.09
EA13-034
 
572
594
22
0.40
0.05
EA13-034
 
594
744
150
0.06
0.01
EA13-034
 
744
810
66
0.90
0.93
EA13-034
includes
766
778
12
1.47
1.27
EA13-034
 
810
838
28
0.21
0.42
EA13-034
 
838
849
11
0.04
0.03

 
14

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-035
 
0
272
272
0.07
0.06
EA13-035
 
272
312
40
1.22
0.10
EA13-035
includes
282
302
20
1.85
0.12
EA13-035
 
312
635
323
0.07
0.08
EA13-036
 
0
310
310
0.02
0.02
EA13-036
 
310
322
12
0.25
0.04
EA13-036
 
322
344
22
0.74
0.10
EA13-036
includes
324
330
6
0.94
0.17
EA13-036
 
344
364
20
0.18
0.03
EA13-036
 
364
380
16
0.68
0.05
EA13-036
 
380
400
20
0.17
0.01
EA13-036
 
400
432
32
0.41
0.08
EA13-036
 
432
592
160
0.04
0.01
EA13-036
 
592
678
86
1.51
1.66
EA13-036
includes
602
646
44
2.32
2.62
EA13-036
includes
668
674
6
1.36
0.86
EA13-036
 
678
725
47
0.04
0.04
EA13-037
 
0
232
232
0.05
0.02
EA13-037
 
232
274
42
0.63
0.07
EA13-037
 
274
290
16
0.17
0.02
EA13-037
 
290
304
14
0.41
0.04
EA13-037
 
304
318
14
0.11
0.02
EA13-037
 
318
330
12
0.79
0.08
EA13-037
 
330
566
236
0.05
0.03
EA13-037
 
566
620
54
0.25
1.21
EA13-037
 
620
630
10
0.18
0.28
EA13-037
 
630
652
22
1.86
2.30
EA13-037
includes
634
644
10
1.72
2.55
EA13-037
 
652
668
16
0.11
0.15
EA13-037
 
668
678
10
1.28
1.55
EA13-037
 
678
686
8
0.04
0.03
EA13-038
 
0
350
350
0.04
0.02
EA13-038
 
350
392
42
0.25
0.03
EA13-038
 
392
448
56
0.02
0.01
EA13-038
 
448
456
8
0.27
0.09
EA13-038
 
456
576
120
0.03
0.01
EA13-038
 
576
598
22
1.25
1.21
EA13-038
includes
584
596
12
1.87
1.88
EA13-038
 
598
654
56
0.12
0.07
EA13-042
 
0
182
182
0.03
0.03
EA13-042
 
182
194
12
0.08
0.91
EA13-042
 
194
272
78
0.03
0.04
EA13-042
 
272
320
48
0.51
0.94
EA13-042
includes
290
296
6
1.74
3.21
EA13-042
 
320
324
4
0.06
0.13

 
15

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-045
 
2
226
224
0.00
0.00
EA13-045
 
226
252
26
0.49
0.16
EA13-045
 
252
266
14
0.13
0.05
EA13-045
 
266
322
56
0.92
0.67
EA13-045
includes
274
280
6
2.47
0.18
EA13-045
includes
280
294
14
1.15
0.32
EA13-045
 
322
526
204
0.05
0.05
EA13-045
 
526
588
62
0.85
1.13
EA13-045
includes
528
536
8
0.93
1.34
EA13-045
includes
570
580
10
1.00
1.81
EA13-045
includes
582
588
6
1.51
1.62
EA13-045
 
588
606
18
0.08
0.15
EA13-045
 
606
616
10
0.25
0.56
EA13-045
 
616
632
16
0.03
0.07
EA13-045
 
632
640
8
0.42
0.78
EA13-045
 
640
661
21
0.08
0.17
EA13-046
 
1
632
631
0.07
0.02
EA13-046
 
632
642
10
0.70
0.03
EA13-046
 
642
654
12
0.07
0.00
EA13-046
 
654
668
14
0.44
0.01
EA13-046
 
668
688
20
0.04
0.01
EA13-046
 
688
722
34
0.15
0.03
EA13-046
 
722
772
50
1.09
0.97
EA13-046
 
772
792
20
1.24
1.29
EA13-046
includes
772
782
10
1.93
1.90
EA13-046
 
792
806
14
0.47
0.07
EA13-046
 
806
827
21
0.06
0.11
EA13-047
 
2
300
298
0.01
0.02
EA13-047
 
300
310
10
0.02
0.42
EA13-047
 
310
348
38
0.00
0.00
EA13-047
includes
332
340
8
2.38
2.75
EA13-047
 
348
420
72
0.05
0.08
EA13-053
 
2
526
524
0.01
0.01
EA13-053
 
526
538
12
0.30
0.60
EA13-053
 
538
598
60
0.10
0.05
EA13-053
 
598
610
12
0.27
0.22
EA13-053
 
610
634
24
0.03
0.03
EA13-053
 
634
646
12
0.55
0.46
EA13-053
 
646
725
79
0.00
0.00

 
16

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-054
 
0
174
174
0.09
0.02
EA13-054
 
174
188
14
0.69
0.17
EA13-054
 
188
198
10
0.07
0.04
EA13-054
 
198
228
30
1.11
0.28
EA13-054
 
228
276
48
0.13
0.05
EA13-054
 
276
296
20
0.40
0.11
EA13-054
 
296
504
208
0.08
0.03
EA13-054
 
504
628
124
1.08
1.52
EA13-054
includes
520
570
50
1.56
2.19
EA13-054
includes
578
584
6
1.67
2.17
EA13-054
includes
592
598
6
1.18
1.88
EA13-054
 
628
668
40
0.09
0.05
EA13-056
 
1
196
195
0.02
0.03
EA13-056
 
196
224
28
0.12
0.16
EA13-056
 
224
508
284
0.04
0.02
EA13-056
 
508
512
4
0.79
0.06
EA13-056
 
512
740
228
0.05
0.02
EA13-056
 
740
784
44
0.43
0.17
EA13-056
 
784
796
12
1.74
1.84
EA13-056
 
796
820
24
0.68
0.36
EA13-056
 
820
824
4
0.03
0.04
EA13-061
 
2
496
494
0.02
0.03
EA13-063
 
0
72
72
0.02
0.02
EA13-063
 
72
76
4
2.79
0.05
EA13-063
 
76
378
302
0.05
0.01
EA13-063
 
378
390
12
0.81
0.23
EA13-063
 
390
476
86
0.04
0.08
EA13-063
 
476
480
4
0.11
0.42
EA13-063
 
480
492
12
0.03
0.13
EA13-063
 
492
500
8
0.17
0.47
EA13-063
 
500
528
28
0.02
0.05
EA13-063
 
528
558
30
0.06
0.20
EA13-063
 
558
620
62
0.34
0.78
EA13-063
includes
560
572
12
0.45
0.97
EA13-063
includes
594
602
8
0.44
1.12
EA13-063
 
620
646
26
0.03
0.05
EA13-063
 
646
654
8
0.20
0.39
EA13-065
 
0
362
362
0.02
0.01
EA13-065
 
362
380
18
0.71
0.11
EA13-065
includes
362
366
4
1.23
0.13
EA13-065
includes
376
378
2
2.16
0.33
EA13-065
 
380
478
98
0.23
0.06
EA13-065
 
478
694
216
0.04
0.02
EA13-065
 
694
720
26
0.99
0.88
EA13-065
includes
696
706
10
1.63
1.45
EA13-065
includes
716
718
2
1.05
1.04
EA13-065
 
720
786
66
0.24
0.12
EA13-065
 
786
792
6
0.43
0.43
EA13-065
 
792
803
11
0.09
0.13

 
17

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-067
 
2
252
250
0.03
0.03
EA13-067
 
252
266
14
0.23
0.18
EA13-067
 
266
274
8
4.04
2.27
EA13-067
 
274
379
105
0.06
0.06
EA13-070
 
1
512
512
0.02
0.02
EA13-070
 
512
528
16
0.48
0.50
EA13-070
includes
514
520
6
0.81
0.92
EA13-070
 
528
588
60
0.08
0.04
EA13-071
 
0
132
132
0.11
0.03
EA13-071
includes
76
80
4
1.13
0.12
EA13-071
 
132
212
80
0.46
0.05
EA13-071
 
212
232
20
0.04
0.00
EA13-071
 
232
314
82
0.20
0.02
EA13-071
 
314
769
455
0.04
0.03
EA13-073
 
0
532
532
0.04
0.03
EA13-073
 
532
560
28
0.58
0.03
EA13-073
 
560
846
286
0.06
0.01
EA13-076
 
0
372
372
0.03
0.02
EA13-076
 
372
396
24
0.36
0.37
EA13-076
 
396
416
20
0.76
1.00
EA13-076
includes
396
400
4
1.24
1.09
EA13-076
includes
404
408
4
0.36
1.17
EA13-076
includes
410
416
6
1.08
1.46
EA13-076
 
416
434
18
0.63
0.23
EA13-076
 
434
476
42
0.04
0.04
EA13-077
 
0
128
128
0.06
0.02
EA13-077
 
128
202
74
0.86
0.14
EA13-077
includes
142
152
10
1.37
0.24
EA13-077
includes
166
176
10
1.16
0.19
EA13-077
includes
190
200
10
1.19
0.19
EA13-077
 
202
268
66
0.30
0.05
EA13-077
 
268
294
26
0.53
0.05
EA13-077
 
294
800
506
0.03
0.03
EA13-077
 
800
844
44
0.14
0.15
EA13-077
 
844
865
21
0.03
0.04
EA13-078
 
2
292
290
0.01
0.02
EA13-078
 
292
316
24
1.31
1.69
EA13-078
includes
294
300
6
2.66
2.74
EA13-078
 
316
433
117
0.03
0.02

 
18

 

Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-080
 
0
14
14
0.04
0.01
EA13-080
 
14
76
62
0.37
0.08
EA13-080
 
76
442
366
0.02
0.03
EA13-080
 
442
450
8
0.74
0.10
EA13-080
 
450
534
84
0.02
0.01
EA13-080
 
534
542
8
0.42
0.04
EA13-080
 
542
670
128
0.04
0.02
EA13-080
 
670
690
20
1.59
0.18
EA13-080
 
690
732
42
0.08
0.03
EA13-080
 
732
754
22
0.36
0.05
EA13-080
 
754
792
38
0.02
0.01
EA13-080
 
792
806
14
0.25
0.01
EA13-080
 
806
850
44
0.01
0.02
EA13-081
 
0
510
510
0.05
0.03
EA13-081
 
510
524
14
0.48
0.01
EA13-081
 
524
778
254
0.04
0.02
EA13-081
 
778
786
8
0.96
0.28
EA13-081
 
786
800
14
0.26
0.01
EA13-081
 
800
853
53
0.03
0.01
EA13-082
 
4
389
385
0.02
0.02
EA13-083
 
1
174
173
0.02
0.02
EA13-083
 
174
184
10
0.18
0.20
EA13-083
 
184
198
14
0.06
0.11
EA13-083
 
198
222
24
0.48
0.43
EA13-083
 
222
260
38
0.03
0.03
EA13-083
 
260
282
22
0.89
0.62
EA13-083
 
282
296
14
0.25
0.11
EA13-083
 
296
308
12
0.04
0.03
EA13-083
 
308
316
8
1.90
0.46
EA13-083
 
316
331
15
0.04
0.07
EA13-085
 
0
60
60
0.06
0.02
EA13-085
 
60
82
22
0.68
0.05
EA13-085
 
82
158
76
0.06
0.02
EA13-085
 
158
176
18
0.24
0.04
EA13-085
 
176
298
122
0.06
0.02
EA13-085
 
298
322
24
0.23
0.05
EA13-085
 
322
352
30
1.07
0.17
EA13-085
includes
322
328
6
1.78
0.04
EA13-085
 
352
384
32
0.16
0.06
EA13-085
 
384
394
10
1.00
0.04
EA13-085
 
394
420
26
0.39
0.05
EA13-085
 
420
486
66
0.12
0.01
EA13-085
 
486
498
12
0.23
0.41
EA13-085
 
498
672
174
0.06
0.10
EA13-085
 
672
760
88
0.02
0.02
EA13-085
 
760
808
48
0.07
0.09
EA13-085
 
808
818
10
0.26
0.45
EA13-085
 
818
832
14
0.02
0.04

 
19

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-086
 
2
242
240
0.03
0.03
EA13-086
 
242
270
28
0.38
0.22
EA13-086
 
270
282
12
1.23
0.90
EA13-086
includes
272
278
6
2.12
1.36
EA13-086
 
282
320
38
0.03
0.10
EA13-086
 
320
374
54
0.17
0.16
EA13-087
 
0
12
12
0.03
0.01
EA13-087
 
12
28
16
0.21
0.12
EA13-087
 
28
56
28
0.18
0.07
EA13-087
 
56
634
578
0.02
0.02
EA13-087
 
634
642
8
0.12
0.16
EA13-087
 
642
840
198
0.03
0.02
EA13-088
 
0
294
294
0.02
0.01
EA13-088
 
294
348
54
0.35
0.05
EA13-088
 
348
370
22
0.05
0.01
EA13-088
 
370
412
42
0.53
0.05
EA13-088
 
412
514
102
0.04
0.04
EA13-088
 
514
596
82
1.95
2.57
EA13-088
 
596
643
47
0.06
0.05
EA13-089
 
0
416
416
0.02
0.02
EA13-089
 
416
430
14
0.59
0.57
EA13-089
 
430
446
16
0.10
0.09
EA13-089
 
446
462
16
0.32
0.36
EA13-089
 
462
521
59
0.02
0.02
EA13-090
 
0
320
320
0.02
0.01
EA13-090
 
320
336
16
0.24
0.03
EA13-090
 
336
416
80
0.79
0.07
EA13-090
 
416
430
14
0.21
0.01
EA13-090
 
430
590
160
0.05
0.01
EA13-090
 
590
598
8
0.45
0.00
EA13-090
 
598
640
42
0.02
0.01
EA13-090
 
640
672
32
1.94
2.11
EA13-090
includes
660
672
12
2.96
2.52
EA13-090
 
672
682
10
0.51
0.45
EA13-090
 
682
750
68
0.04
0.05
EA13-091
 
1
178
177
0.09
0.02
EA13-091
 
178
192
14
0.31
0.03
EA13-091
 
192
242
50
0.11
0.01
EA13-091
 
242
252
10
0.43
0.05
EA13-091
 
252
278
26
0.09
0.05
EA13-091
 
278
328
50
0.59
0.24
EA13-091
 
328
472
144
0.18
0.05
EA13-091
 
472
512
40
0.45
0.09
EA13-091
 
512
748
236
0.04
0.04
EA13-092
 
0
300
300
0.06
0.01
EA13-092
 
300
358
58
0.32
0.10
EA13-092
 
358
382
24
0.10
0.08
EA13-092
 
382
390
8
0.94
0.27
EA13-092
 
390
458
68
0.15
0.16
EA13-092
 
458
528
70
0.06
0.07
EA13-092
 
528
568
40
0.13
0.24
EA13-092
 
568
614
46
0.12
0.24
EA13-092
 
614
638
24
0.01
0.02
             

 
20

 


East Cave
         
             
Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
AF12-190
 
40
54
14
0.02
0.47
AF12-190
 
54
80
26
0.03
0.16
AF12-190
 
80
126
46
0.15
0.40
AF12-190
 
126
158
32
0.04
0.21
AF12-190
 
158
216
58
0.14
0.52
AF12-190
 
216
260
44
0.03
0.11
AF12-190
 
260
290
30
0.13
0.37
AF12-190
 
290
360
70
0.03
0.10
AF12-190
 
360
374
14
0.09
0.35
AF12-190
 
374
400.2
26
0.03
0.15
AF12-191
 
27
48
21
0.09
3.79
AF12-191
 
48
58
10
0.05
0.54
AF12-191
 
58
116
58
0.03
0.17
AF12-191
 
116
154
38
0.37
0.60
AF12-191
 
154
222
68
0.08
0.20
AF12-191
 
222
252
30
0.35
0.46
AF12-191
 
252
332
80
0.12
0.26
AF12-191
 
332
375.5
44
0.05
0.18
AF12-192
 
43
74
31
0.02
0.06
AF12-192
 
74
118
44
0.24
0.52
AF12-192
 
118
174
56
1.39
2.38
AF12-192
 
174
250.6
77
0.09
0.24
AF12-193
 
67
90
23
0.33
0.61
AF12-193
 
90
178
88
0.13
0.38
AF12-193
 
178
250.24
72
0.35
0.65
AF12-194
 
22
62
40
0.55
2.26
AF12-194
 
62
74
12
0.02
0.34
AF12-194
 
74
92
18
0.02
0.15
AF12-194
 
92
104
12
0.16
0.96
AF12-194
 
104
122
18
0.04
0.17
AF12-194
 
122
164
42
0.13
0.23
AF12-194
 
164
204
40
0.56
0.72
AF12-194
 
204
238
34
0.18
0.30
AF12-194
 
238
500.2
262
0.02
0.03
AF12-195
 
77
98
21
0.15
0.50
AF12-195
 
98
134
36
0.04
0.15
AF12-195
 
134
146
12
0.07
0.31
AF12-195
 
146
168
22
0.02
0.12
AF12-195
 
168
190
22
0.11
0.44
AF12-195
 
190
228
38
0.03
0.15
AF12-195
 
228
288
60
0.11
0.31
AF12-195
 
288
400
112
0.08
0.19

 
21

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
AF12-196
 
72
88
16
0.11
0.25
AF12-196
 
88
164
76
0.04
0.14
AF12-196
 
164
184
20
0.11
0.37
AF12-196
 
184
244
60
0.03
0.14
AF12-196
 
244
252
8
0.09
0.31
AF12-196
 
252
324
72
0.03
0.05
AF12-196
 
324
358
34
0.03
0.43
AF12-196
 
358
370
12
0.12
0.38
AF12-196
 
370
392
22
0.02
0.07
AF12-196
 
392
406
14
0.11
0.24
AF12-196
 
406
418
12
0.03
0.11
AF12-196
 
418
442
24
0.12
0.27
AF12-196
 
442
450.2
8
0.04
0.05
AF12-197
 
4
108
104
0.14
0.87
AF12-197
 
108
152
44
0.04
0.12
AF12-197
 
152
212
60
0.21
0.56
AF12-197
 
212
242
30
0.03
0.15
AF12-197
 
242
550.2
308
0.04
0.05
EA13-039
 
18
76
58
0.16
0.43
EA13-039
 
76
146
70
0.03
0.17
EA13-039
 
146
202
56
0.10
0.32
EA13-039
 
202
271
69
0.00
0.01
EA13-043
 
18
56
38
0.20
0.46
EA13-043
 
56
154
98
0.09
0.23
EA13-043
 
154
211.5
58
0.07
0.07
AF13-198
 
19
32
13
0.17
0.23
AF13-198
 
32
58
26
0.17
0.46
AF13-198
 
58
72
14
0.02
0.23
AF13-198
 
72
82
10
0.01
0.15
AF13-198
 
82
98
16
0.07
0.39
AF13-198
 
98
114
16
0.03
0.24
AF13-198
 
114
136
22
0.07
0.33
AF13-198
 
136
146
10
0.02
0.17
AF13-198
 
146
162
16
0.18
0.60
AF13-198
 
162
200
38
0.04
0.20
AF13-198
 
200
238
38
0.07
0.35
AF13-198
 
238
292.3
50
0.03
0.16
AF13-199
 
19
82
63
0.04
0.31
AF13-199
 
82
100
18
0.05
0.09
AF13-199
 
100
136
36
0.04
0.31
AF13-199
 
136
203.9
68
0.00
0.00
AF13-200
 
12
162
150
0.01
0.02
AF13-200
 
162
220
58
0.10
0.43
AF13-200
 
220
228.6
9
0.04
0.10
AF13-201
 
103
291
188
0.00
0.00
AF13-201
 
291
310
15
0.24
0.07
AF13-202
 
142
313.6
172
0.00
0.00
AF13-203
 
11
240.5
230
0.00
0.00
AF13-204
 
8
240.5
233
0.00
0.00
AF13-206
 
15
198.1
183
0.00
0.00

 
22

 

Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
AF13-207
 
41
62
21
1.31
1.18
AF13-207
 
62
110
48
0.15
0.48
AF13-207
 
110
124
14
0.02
0.19
AF13-207
 
124
164
40
0.07
0.57
AF13-207
 
164
194
30
0.11
0.17
AF13-207
 
194
222.2
28
0.02
0.05
AF13-208
 
54
104
50
0.07
0.29
AF13-208
 
104
138
34
0.06
0.13
AF13-208
 
138
246
108
0.06
0.28
AF13-208
 
246
272
26
0.04
0.13
AF13-208
 
272
278
6
0.02
0.45
AF13-208
 
278
298.7
21
0.00
0.01
AF13-209
 
167
230.7
64
0.01
0.01
AF13-210
 
44
62
18
0.65
1.10
AF13-210
 
62
114
52
0.15
0.54
AF13-210
 
114
136
22
0.05
0.15
AF13-210
 
136
180
44
0.30
0.88
AF13-210
includes
140
158
18
0.53
1.48
AF13-210
 
180
210.62
31
0.01
0.06
AF13-212
 
46
92
46
0.15
0.58
AF13-212
 
92
100
8
0.03
0.22
AF13-212
 
100
108
8
0.20
0.60
AF13-212
 
108
138
30
0.02
0.12
AF13-212
 
138
190
52
0.15
0.62
AF13-212
includes
144
150
6
0.35
1.12
AF13-212
includes
172
182
10
0.27
1.10
AF13-212
 
190
199.95
10
0.01
0.01
AF13-213
 
40
167.95
128
0.00
0.01
AF13-214
 
30
132.89
102
0.01
0.02
AF13-215
 
54
98
44
0.09
0.27
AF13-215
 
98
236
138
0.04
0.14
AF13-215
 
236
288
52
1.77
2.03
AF13-215
 
288
320
32
0.15
0.55
AF13-215
 
320
330
10
0.02
0.16
AF13-215
 
330
344
14
0.40
0.37
AF13-215
 
344
356
12
0.53
1.41
AF13-215
 
356
388
32
0.09
0.54
AF13-215
 
388
406
18
0.12
0.74
AF13-215
includes
388
400
12
0.15
0.92
AF13-215
 
406
411.48
5
0.02
0.07
AF13-216
 
37
181.97
145
0.00
0.01
AF13-217
 
47
203.3
157
0.00
0.00
AF13-218
 
50
96
46
0.07
0.13
AF13-218
 
96
154
58
0.03
0.03
AF13-218
 
154
174
20
0.10
0.16
AF13-218
 
174
188
14
0.06
0.10
AF13-218
 
188
198
10
0.23
0.41
AF13-218
 
198
338
140
0.02
0.04
AF13-218
 
338
346
8
0.13
0.47
AF13-218
 
346
356
10
0.04
0.04
AF13-218
 
356
376
20
0.09
0.31
AF13-218
 
376
392
16
0.03
0.11
AF13-218
 
392
399.29
7
0.11
0.46
AF13-219
 
31
105.77
75
0.00
0.01

 
23

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
AF13-220
 
31
216.1
185
0.00
0.00
AF13-221
 
51
467.87
416
0.04
0.06
AF13-222
 
34
100
66
0.01
0.01
AF13-222
 
100
110
10
0.62
0.62
AF13-222
 
110
154
44
0.10
0.05
AF13-222
 
154
176
22
0.22
0.27
AF13-222
 
176
185.93
10
0.08
0.05
AF13-223
 
40
239.88
200
0.01
0.01
AF13-224
 
58
140
82
0.04
0.07
AF13-224
 
140
154
14
0.26
0.98
AF13-224
 
154
268.22
114
0.01
0.04
AF13-225
 
34
87.48
54
0.01
0.02
AF13-225B
 
28
200.3
172
0.01
0.01
AF13-226
 
57
177.7
121
0.04
0.08
AF13-227
 
38
70
32
0.06
0.27
AF13-227
 
70
216
146
0.04
0.09
AF13-227
 
216
264
48
0.30
0.48
AF13-227
 
264
298
34
0.07
0.18
AF13-227
 
298
322
24
0.24
1.37
AF13-227
includes
316
322
6
0.12
2.92
AF13-227
 
322
358
36
0.03
0.32
AF13-227
 
358
480.67
123
0.03
0.07
             

 
24

 


Hanging Wall Lens
         
             
Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-040
 
76
138
62
0.10
0.21
EA13-040
 
76
138
62
0.10
0.26
EA13-040
 
138
166
28
0.72
1.11
EA13-040
 
166
224
58
0.14
0.62
EA13-040
 
224
240
16
0.07
0.20
EA13-040
 
240
254
14
0.12
0.39
EA13-040
 
254
270.4
16
0.04
0.17
EA13-041
 
0
66
66
0.10
0.04
EA13-041
 
66
82
16
0.79
0.19
EA13-041
 
82
226
144
0.01
0.01
EA13-041
 
226
256
30
1.69
1.22
EA13-041
includes
234
242
8
2.83
1.29
EA13-041
 
256
338
82
0.09
0.07
EA13-041
 
338
371
33
0.02
0.08
EA13-044
 
0
48
48
0.03
0.04
EA13-044
 
48
94
46
0.36
0.51
EA13-044
 
94
112
18
0.05
0.03
EA13-044
 
112
218
106
0.12
0.08
EA13-044
 
218
238
20
0.52
0.11
EA13-044
 
238
401.73
164
0.02
0.03
EA13-048
 
2
58
56
0.07
0.04
EA13-048
 
58
70
12
0.61
0.24
EA13-048
 
70
242
172
0.05
0.03
EA13-048
 
242
262
20
0.40
0.31
EA13-048
 
262
340
78
0.05
0.05
EA13-048
 
340
398
58
0.53
0.45
EA13-048
 
398
444.4
46
0.28
0.32
EA13-049
 
0
38
38
0.05
0.06
EA13-049
 
38
60
22
0.25
0.38
EA13-049
 
60
86
26
0.13
0.16
EA13-049
 
86
256
170
0.08
0.03
EA13-049
 
256
278
22
1.68
1.08
EA13-049
 
278
432.2
154
0.03
0.03
EA13-050
 
0
10
10
0.01
0.02
EA13-050
 
10
30
20
0.50
0.17
EA13-050
 
30
66
36
0.12
0.11
EA13-050
 
66
80
14
0.31
0.42
EA13-050
 
80
208
128
0.08
0.05
EA13-050
 
208
282
74
0.06
0.04
EA13-050
 
282
296
14
1.58
0.87
EA13-050
 
296
319.4
23
0.02
0.02
EA13-051
 
1
98
97
0.32
0.09
EA13-051
 
98
324
226
0.01
0.02
EA13-051
 
324
336
12
0.53
0.23
EA13-051
 
336
378
42
0.04
0.05
EA13-051
 
378
390
12
0.46
0.85
EA13-051
 
390
422.8
33
0.04
0.06

 
25

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-052
 
0
36
36
0.05
0.04
EA13-052
 
36
82
46
0.15
0.22
EA13-052
 
82
202
120
0.06
0.05
EA13-052
 
202
234
32
0.44
0.23
EA13-052
 
234
256
22
0.07
0.03
EA13-052
 
256
318
62
0.37
0.43
EA13-052
 
318
353
35
0.01
0.01
EA13-055
 
2
20
18
0.20
0.05
EA13-055
 
20
40
20
0.12
0.06
EA13-055
 
40
62
22
0.37
0.20
EA13-055
 
62
228
166
0.09
0.06
EA13-055
 
228
268
40
0.25
0.23
EA13-055
 
268
294
26
0.01
0.02
EA13-055
 
294
300
6
1.42
0.39
EA13-055
 
300
310
10
0.06
0.08
EA13-055
 
310
336
26
0.44
0.88
EA13-055
includes
320
336
16
0.57
1.00
EA13-055
 
336
363.6
28
0.07
0.03
EA13-057
 
2
34
32
0.15
0.04
EA13-057
 
34
80
46
0.43
0.40
EA13-057
 
80
256
176
0.05
0.05
EA13-057
 
256
280
24
0.24
0.18
EA13-057
 
280
404.8
125
0.03
0.04
EA13-058
 
1
24
23
0.13
0.08
EA13-058
 
24
408
384
0.05
0.03
EA13-058
 
408
430
22
0.81
0.67
EA13-058
 
430
447.8
18
0.03
0.04
EA13-059
 
1
14
13
0.04
0.03
EA13-059
 
14
66
52
0.40
0.22
EA13-059
 
66
86
20
0.04
0.03
EA13-059
 
86
102
16
0.33
0.26
EA13-059
 
102
224
122
0.02
0.02
EA13-059
 
224
242
18
0.72
0.25
EA13-059
 
242
364
122
0.04
0.04
EA13-059
 
364
374
10
0.29
0.24
EA13-059
 
374
444.4
70
0.01
0.01
EA13-060
 
0
22
22
0.04
0.03
EA13-060
 
22
74
52
0.34
0.24
EA13-060
 
74
292
218
0.03
0.03
EA13-060
 
292
302
10
0.36
0.33
EA13-060
 
302
459.6
158
0.05
0.06
EA13-062
 
2
252
250
0.04
0.02
EA13-062
 
252
352
100
0.80
0.43
EA13-062
includes
256
264
8
1.32
0.74
EA13-062
includes
336
346
10
3.02
0.75
EA13-062
 
352
400
48
0.29
0.11
EA13-062
includes
370
378
8
1.56
0.53
EA13-062
 
400
452
52
0.80
0.43
EA13-062
 
452
481.3
29
0.01
0.01

 
26

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-064
 
0
16
16
0.01
0.02
EA13-064
 
16
88
72
0.43
0.28
EA13-064
 
38
108
70
0.05
0.05
EA13-064
 
48
128
80
0.29
0.14
EA13-064
 
88
254
166
0.01
0.02
EA13-064
 
254
310
56
0.12
0.13
EA13-064
 
310
424.59
115
0.03
0.04
EA13-066
 
3
34
31
0.01
0.01
EA13-066
 
34
54
20
0.71
0.14
EA13-066
 
54
80
26
0.02
0.01
EA13-066
 
80
94
14
0.80
0.16
EA13-066
 
94
208
114
0.03
0.02
EA13-066
 
208
230
22
1.41
0.47
EA13-066
includes
210
222
12
2.12
0.57
EA13-066
 
230
280
50
0.01
0.03
EA13-066
 
280
304
24
0.30
0.53
EA13-066
 
304
352.96
49
0.02
0.03
EA13-068
 
4
284
280
0.06
0.02
EA13-068
 
284
328
44
0.51
0.24
EA13-068
 
328
366
38
0.20
0.09
EA13-068
 
366
418
52
2.04
1.43
EA13-068
 
418
440
22
0.35
0.23
EA13-068
 
440
536.14
96
0.06
0.04
EA13-069
 
2
82
80
0.03
0.02
EA13-069
 
82
114
32
0.23
0.13
EA13-069
 
114
226
112
0.02
0.02
EA13-069
 
226
270
44
0.21
0.08
EA13-069
 
270
332
62
0.05
0.05
EA13-069
 
332
368
36
0.24
0.42
EA13-069
 
368
386.49
18
0.02
0.04
EA13-072
 
2
68
66
0.06
0.02
EA13-072
 
68
78
10
0.32
0.10
EA13-072
 
78
350
272
0.04
0.03
EA13-072
 
350
390
40
0.21
0.19
EA13-072
 
390
410.87
21
0.04
0.08
EA13-074
 
4
54
50
0.02
0.02
EA13-074
 
54
102
48
0.15
0.10
EA13-074
 
102
389.5
288
0.01
0.02
EA13-075
 
2
58
56
0.02
0.02
EA13-075
 
58
74
16
0.53
0.27
EA13-075
 
74
316
242
0.01
0.01
EA13-075
 
316
388
72
0.42
0.21
EA13-075
includes
344
352
8
1.36
0.67
EA13-075
 
388
510
122
0.01
0.02
EA13-075
 
510
548
38
0.01
0.02
EA13-075
 
548
575.77
28
0.02
0.03

 
27

 


Drill Hole
 
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
EA13-079
 
2
33.22
31
0.10
0.07
EA13-079A
 
3
15.54
13
0.00
0.00
EA13-079B
 
4
294
290
0.02
0.01
EA13-079B
 
294
366
72
0.43
0.19
EA13-079B
 
366
462
96
1.79
1.08
EA13-079B
includes
434
462
28
2.06
0.79
EA13-079B
 
434
462
28
2.06
0.79
EA13-079B
includes
506
512
6
1.08
1.12
EA13-079B
 
462
514
52
0.27
0.31
EA13-084
 
3
56
53
0.33
0.14
EA13-084
includes
18
26
8
2.19
0.88
EA13-084
 
56
70
14
1.30
0.20
EA13-084
 
70
296
226
0.02
0.01
EA13-084
 
296
334
38
0.19
0.11
EA13-084
 
334
360
26
0.75
0.37
EA13-084
 
360
402
42
0.17
0.12
EA13-084
 
402
442
40
0.46
0.32
EA13-084
 
442
511.76
70
0.03
0.06

 
28

 

 

 
 
29

 
New Afton 2012 & 2013 Exploration Program
Drill Hole Collar Location
(Northing & Easting coordinates based onlocal New Afton mine grid)
Target
Area
Drill Hole
Number
Northing
(meters)
Easting
(meters)
Elevation
(masl)
Azimuth
(degrees)
Dip
(degrees)
Total length
(meters)
C-Zone
EA12-001
2367.1
3303.1
5068.2
171.60
-21
569.4
C-Zone
EA12-002
2278.6
3102.5
5117.0
161.90
-32
441.0
C-Zone
EA12-003
2278.7
3102.6
5117.0
157.21
-40
313.3
C-Zone
EA12-004
2364.6
3303.4
5067.3
174.15
-22
529.7
C-Zone
EA12-005
2277.0
3101.2
5117.1
161.00
-44
554.1
C-Zone
EA12-006
2364.8
3303.1
5067.1
178.41
-28
545.9
C-Zone
EA12-007
2276.2
3101.3
5116.6
169.32
-44
545.6
C-Zone
EA12-008
2365.1
3302.9
5067.4
186.55
-22
529.7
C-Zone
EA12-009
2276.2
3101.3
5116.5
168.53
-39
521.2
C-Zone
EA12-010
2365.1
3302.9
5067.4
186.57
-27
548.3
C-Zone
EA12-011
2275.9
3100.2
5116.5
177.70
-45
554.7
C-Zone
EA12-012
2275.7
3100.0
5117.2
177.42
-41
517.3
C-Zone
EA12-013
2364.9
3303.4
5067.2
171.56
-26
558.4
C-Zone
EA12-014
2357.4
3117.7
5126.5
195.81
-32
459.3
C-Zone
EA12-015
2275.7
3100.0
5117.3
187.30
-17
224.6
C-Zone
EA12-016
2364.5
3303.4
5066.1
173.25
-46
685.2
C-Zone
EA12-017
2276.1
3099.5
5117.0
196.74
-25
172.2
C-Zone
EA12-018
2357.5
3117.9
5126.7
190.27
-28
438.9
C-Zone
EA12-019
2275.9
3100.1
5116.0
177.67
-54
634.0
C-Zone
EA12-020
2366.6
3303.4
5067.8
171.94
-38
637.3
C-Zone
EA12-021
2358.9
3118.2
5127.3
189.42
-39
596.8
C-Zone
EA12-022
2275.9
3100.1
5115.9
178.24
-59
640.1
C-Zone
EA12-023
2365.5
3303.0
5067.5
186.77
-46
693.7
C-Zone
EA12-024
2357.9
3118.0
5126.5
196.03
-52
741.9
C-Zone
EA12-025
2276.7
3099.3
5116.5
203.35
-54
630.9
C-Zone
EA12-026
2364.3
3304.0
5066.6
164.38
-32
608.4
C-Zone
EA13-027
2276.3
3099.1
5116.2
200.96
-60
696.2
C-Zone
EA13-028
2364.5
3304.0
5066.4
164.63
-41
649.5
C-Zone
EA13-029
2367.0
3303.2
5068.5
179.15
-33
576.7
C-Zone
EA13-030
2277.2
3100.3
5116.3
187.41
-62
764.4
C-Zone
EA13-031
2364.7
3303.3
5066.1
179.16
-49
736.4
C-Zone
EA13-032
2276.5
3099.8
5116.9
184.80
-55
621.8
C-Zone
EA13-033
2276.8
3098.4
5116.1
220.35
-57
681.2
C-Zone
EA13-034
2366.2
3302.6
5067.5
200.25
-59
849.2
C-Zone
EA13-035
2276.9
3098.3
5116.4
222.40
-54
635.2
C-Zone
EA13-036
2365.8
3302.5
5066.9
194.90
-48
724.8
C-Zone
EA13-037
2278.0
3099.6
5118.1
213.01
-59
685.5
C-Zone
EA13-038
2364.9
3303.3
5067.0
178.91
-41
653.8
C-Zone
EA13-042
2163.8
3506.0
5020.9
180.09
-28
324.0
C-Zone
EA13-045
2278.3
3099.5
5118.4
218.08
-54
661.4
C-Zone
EA13-046
2366.6
3302.8
5067.8
193.20
-57
826.9
C-Zone
EA13-047
2164.2
3302.8
5020.0
179.68
-47
420.0
C-Zone
EA13-053
2165.5
3302.8
5022.1
181.22
-64
724.8
C-Zone
EA13-054
2277.0
3302.8
5116.4
209.87
-54
667.5
C-Zone
EA13-056
2365.8
3302.8
5067.2
169.83
-55
824.5
C-Zone
EA13-061
2165.5
3302.8
5019.9
178.63
-61
496.2
C-Zone
EA13-063
2277.5
3302.8
5116.8
234.07
-54
654.7
C-Zone
EA13-065
2366.7
3302.8
5067.6
202.56
-52
803.5
C-Zone
EA13-067
2166.5
3302.8
5021.7
193.77
-38
379.0
C-Zone
EA13-070
2164.2
3302.8
5019.2
200.33
-59
588.5
C-Zone
EA13-071
2277.6
3302.8
5116.7
244.97
-55
769.3
C-Zone
EA13-073
2366.0
3302.8
5067.0
180.38
-58
846.4
C-Zone
EA13-076
2166.6
3302.8
5021.9
193.02
-51
476.4
C-Zone
EA13-077
2277.9
3302.8
5116.9
254.13
-54
865.0
C-Zone
EA13-078
2165.0
3302.8
5020.7
165.11
-44
432.5
C-Zone
EA13-080
2359.3
3302.8
5127.2
253.62
-54
850.1
C-Zone
EA13-081
2367.1
3302.8
5066.6
185.67
-59
852.5
C-Zone
EA13-082
2165.6
3302.8
5021.3
165.38
-37
388.6
C-Zone
EA13-083
2164.3
3302.8
5020.7
168.84
-25
330.7
C-Zone
EA13-085
2277.2
3302.8
5116.8
218.88
-64
831.5
C-Zone
EA13-086
2164.5
3302.8
5020.5
193.54
-38
374.3
C-Zone
EA13-087
2359.3
3302.8
5126.8
254.22
-49
839.7
C-Zone
EA13-088
2366.6
3302.8
5067.6
190.48
-43
642.8
C-Zone
EA13-089
2164.7
3302.8
5020.6
157.17
-36
520.9
C-Zone
EA13-090
2368.4
3302.8
5069.6
198.01
-47
749.8
C-Zone
EA13-091
2358.2
3302.8
5127.1
208.94
-54
748.3
C-Zone
EA13-092
2277.8
3302.8
5117.2
226.89
-56
638.0
 
30 

 

Target
Area
Drill Hole
Number
Northing
(meters)
Easting
(meters)
Elevation
(masl)
Azimuth
(degrees)
Dip
(degrees)
Total length
(meters)
East Extension
AF12-190
1930.5
3302.8
5459.0
345.95
-70
400.2
East Extension
AF12-191
1930.1
3302.8
5459.3
319.50
-72
375.5
East Extension
AF12-192
1931.1
3302.8
5458.8
327.01
-46
250.6
East Extension
AF12-193
1931.0
3302.8
5458.8
343.27
-55
250.2
East Extension
AF12-194
1925.5
3302.8
5459.2
41.59
-80
500.2
East Extension
AF12-195
1935.4
3302.8
5462.0
357.22
-74
400.2
East Extension
AF12-196
1936.1
3302.8
5461.7
8.54
-69
450.2
East Extension
AF12-197
1925.7
3302.8
5458.6
35.58
-70
550.2
East Extension
AF13-198
2007.2
3302.8
5459.4
357.50
-54
292.3
East Extension
AF13-199
2007.7
3302.8
5459.3
13.17
-42
203.9
East Extension
AF13-200
1967.6
3302.8
5467.7
351.94
-20
228.6
East Extension
AF13-201
1936.1
3302.8
5467.8
357.99
-49
310.0
East Extension
AF13-202
1935.6
3302.8
5468.3
357.89
-55
313.6
East Extension
AF13-203
1965.5
3302.8
5468.3
350.86
-31
240.5
East Extension
AF13-204
1965.3
3302.8
5467.7
350.58
-43
240.5
East Extension
AF13-206
1967.9
3302.8
5467.7
4.71
-18
198.1
East Extension
AF13-207
2004.4
3302.8
5458.6
359.30
-48
222.2
East Extension
AF13-208
1948.9
3302.8
5462.2
6.37
-46
298.7
East Extension
AF13-209
1935.1
3302.8
5467.8
104.01
-89
230.7
East Extension
AF13-210
2003.4
3302.8
5459.4
0.40
-36
210.6
East Extension
AF13-212
2005.1
3302.8
5458.6
359.76
-32
199.9
East Extension
AF13-213
1935.5
3302.8
5467.8
0.55
-72
167.9
East Extension
AF13-214
1935.4
3302.8
5467.9
357.86
-76
132.9
East Extension
AF13-215
1948.9
3302.8
5461.9
6.54
-52
411.5
East Extension
AF13-216
1935.7
3302.8
5468.1
356.83
-61
192.3
East Extension
AF13-217
1936.2
3302.8
5467.9
357.88
-42
203.3
East Extension
AF13-218
1948.4
3302.8
5462.2
7.24
-59
399.3
East Extension
AF13-219
1937.9
3302.8
5467.8
12.00
-78
105.8
East Extension
AF13-220
1934.7
3302.8
5467.8
14.64
-69
216.1
East Extension
AF13-221
1948.4
3302.8
5462.0
7.93
-67
467.9
East Extension
AF13-222
1935.6
3302.8
5467.8
179.64
-60
185.9
East Extension
AF13-223
1935.5
3302.8
5470.8
345.61
-65
239.9
East Extension
AF13-224
1948.2
3302.8
5462.3
6.16
-78
268.2
East Extension
AF13-225
1936.7
3302.8
5467.5
345.00
-75
87.5
East Extension
AF13-225B
1941.4
3302.8
5468.0
178.40
-75
200.3
East Extension
AF13-226
1948.1
3302.8
5462.6
0.00
-90
177.7
East Extension
AF13-227
1975.0
3302.8
5460.2
9.18
-61
480.7
East Extension
EA13-039
2008.2
3302.8
5459.2
357.00
-38
271.0
East Extension
EA13-043
2006.6
3302.8
5460.5
356.68
-27
211.5
HW Lens
EA13-040
1937.7
3302.8
5459.0
1.92
-44
270.4
HW Lens
EA13-041
1751.8
3302.8
5493.2
0.28
-59
371.3
HW Lens
EA13-044
1704.1
3302.8
5503.3
0.00
-45
401.7
HW Lens
EA13-048
1753.0
3302.8
5489.9
359.38
-66
450.5
HW Lens
EA13-049
1704.0
3302.8
5503.8
0.19
-51
432.2
HW Lens
EA13-050
1704.3
3302.8
5503.1
16.14
-53
319.4
HW Lens
EA13-051
1752.5
3302.8
5489.8
2.99
-70
422.8
HW Lens
EA13-052
1704.2
3302.8
5503.2
18.28
-56
353.0
HW Lens
EA13-055
1703.8
3302.8
5502.9
18.92
-62
363.6
HW Lens
EA13-057
1703.8
3302.8
5502.7
22.25
-68
404.8
HW Lens
EA13-058
1751.9
3302.8
5489.8
355.26
-75
447.8
HW Lens
EA13-059
1703.6
3302.8
5503.9
4.21
-64
444.4
HW Lens
EA13-060
1703.9
3302.8
5503.4
3.50
-68
459.6
HW Lens
EA13-062
1752.3
3302.8
5489.8
358.18
-81
481.3
HW Lens
EA13-064
1704.2
3302.8
5502.6
5.85
-71
424.6
HW Lens
EA13-066
1723.6
3302.8
5497.5
0.24
-52
353.0
HW Lens
EA13-068
1753.1
3302.8
5490.2
356.11
-84
536.1
HW Lens
EA13-069
1724.2
3302.8
5496.7
358.83
-62
386.5
HW Lens
EA13-072
1723.5
3302.8
5498.2
358.85
-69
410.9
HW Lens
EA13-074
1723.5
3302.8
5497.1
358.64
-78
389.5
HW Lens
EA13-075
1752.7
3302.8
5493.1
316.11
-82
575.8
HW Lens
EA13-079
1752.8
3302.8
5490.1
313.64
-79
33.2
HW Lens
EA13-079A
1752.0
3302.8
5491.3
323.95
-78
15.5
HW Lens
EA13-079B
1752.3
3302.8
5490.6
331.77
-79
533.1
HW Lens
EA13-084
1751.6
3302.8
5489.9
337.85
-73
511.8

31