Blackwater is one of New Gold’s two exciting future growth projects and is located in the Cariboo Regional District, approximately 160 km southwest of the City of Prince George and 110 km southwest of the District of Vanderhoof. The proposed Blackwater project footprint consists of a mine site, a mine access road, and a transmission line.
About This Project
New Gold is an intermediate gold mining company, and currently has a portfolio of four producing mines and three significant development projects. New Gold became 100% owner of the Blackwater project by acquiring Richfield Ventures Corp. and Silver Quest Resources Ltd. in June and December 2011 respectively.
The proposed project is located 160 kilometres southwest of Prince George and 110 kilometres southwest of Vanderhoof in an area that has seen active exploration since 1973. The entire Blackwater properties total 227 mineral claims covering an area of 1,046.78 square kilometres.
Through the Blackwater Project’s lifespan, New Gold will construct, operate, close and reclaim the mine area.
The proposed mine site is well connected by an access road from Vanderhoof and is 200 km or less from Vanderhoof, Prince George or Quesnel as the crow flies. Railway lines travel adjacent to Vanderhoof and an airstrip is planned for the construction phase of the mine site.
Once construction commences, employment is expected to peak during a two-year construction period with up to 1,500 employees. Once the project reaches the production stage, New Gold expects to employ approximately 500 permanent employees over the 17 year mine life.
New Gold has been active in pursuing collaborative relationships with local First Nations stakeholders in order to develop mutually beneficial agreements.
New Gold Incorporated is traded on the Toronto Venture Stock Exchange and the New York Stock Exchange under NGD.
More Information Online
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