New Gold announces 2009 second quarter combined gold sales of 68,627 ounces at a total cash cost of $499 per ounce, net of by-product sales and a combined gold production of 72,677 ounces. Gold production for the second quarter at Mesquite was 26,085 ounces compared to 28,524 ounces in the second quarter 2008 and at Cerro San Pedro gold produced was 24,210 ounces compared to
20,653 ounces produced in the second quarter of 2008.
New Gold Inc. received results of the first five diamond drill holes from its Cerro San Pedro Sulfide exploration project in San Luis Potosí, Mexico, which include an intersection of 51.9 meters of manto-style sulfide mineralization averaging 2.08 g/t gold, 131.8 g/t silver, 6.14% zinc and 2.01% lead, followed by 169 meters of porphyry sulfide mineralization averaging 0.61 g/t gold, 12.8 g/t silver, 0.48% zinc and 0.14% lead beginning at a vertical depth of approximately 400 meters from surface (Hole CSPD-05C). New Gold also reported that AMC Mining Consultants (Canada) Ltd (AMC) has completed a Scoping Study to assess the potential for mining of sulfide mineral resources and the remaining oxide mineral resources with a new project involving the construction of a two stage ball mill and carbon-in-leach (“CIL”) processing plant at the company’s Amapari project in northern Brazil. The Amapari open pit operation was placed on temporary care and maintenance in January 2009.
AMC Mining Consultants (Canada) Ltd (AMC) has completed a Scoping Study to assess the potential for mining of sulfide mineral resources and the remaining oxide mineral resources with a new project involving the construction of a two stage ball mill and carbon-in-leach (“CIL”) processing plant at the company’s Amapari project. Mining of the sulfide mineral resources has not previously been evaluated in a pre-feasibility study or feasibility study. The Amapari open pit operation was placed on temporary care and maintenance in January 2009.