New Gold Announces Management Change
October 22, 2018
New Gold Inc. announces the departure of Cory Atiyeh, Executive Vice President, Operations, effective October 22, 2018.
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New Gold Inc. announces the departure of Cory Atiyeh, Executive Vice President, Operations, effective October 22, 2018.
We are currently drilling at two highly prospective properties in Mexico and British Columbia and the retention of Link Media to assist in communicating our story to the US market is part of our overall strategy to build the profile of our company said Mike McPhie, President and CEO of Prize Mining Every company in our business is competing for attention and we believe that the potential of our copper and gold/silver properties needs to be matched with a comprehensive marketing and awareness campaign that is intended to help create shareholder value.
Rodrigo Barbosa, the Companys President and CEO commented, When these criminals first illegally entered the mine, the Company was able to mine outside of the then mine plan with decent results however the recovery rates in these areas have decreased and the Company is now forced to take the difficult position and suspend mining operations. We continue to work with local and national authorities and are considering all options.
Carlos Silva, COO of Santacruz, commented; “With these drill results at the Navidad vein, and higher grade intercepts along the northern strike of the Veta Grande vein, we continue to demonstrate the potential of this high-grade mineralized district.” Mr. Silva added; “We recently identified the potential of the Navidad vein, which has never been systematically explored, and results thus far are extremely encouraging. Drilling is continuing with an additional 14,000 metres of diamond drilling budgeted.”
Dr. Carl Hering, newly appointed CEO, commented, Since joining the MEX team in Sept. of 2018, we have been reviewing data with the objective of delineating new mineralization both in the existing resource areas and in potential target areas for expansion. We believe that a new and updated NI 43-101 Resource will demonstrate significant improvement over the initial Resource defined in August 2017, given the success of drilling since that time.
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