AMEX, NGD - New Gold Inc
The Company is a natural resource exploration and development company and has
been engaged in the acquisition, exploration and development of natural resource
properties since 1980.
Over the past three years, the Company?s principal focus has been the
exploration and development of the Afton Project, located approximately 10 kms
(6 miles) west of Kamloops, British Columbia near the Trans Canada Highway. The
Afton Project includes two exhausted open pits where government reports indicate
that the previous occupier of the property, Afton Mines Ltd., mined and milled
22 million tonnes of ore and produced in excess of 450,000 ounces of Au and
450 million pounds of Cu from 1977 to 1988. The Afton Project is the Company?s
only material property.
The Company originally entered into an option agreement dated November 10, 1999
(the ?Afton Option Agreement?) to acquire the mineral claims that comprise the
Afton Project (the ?Afton Claims?) 50% from Westridge Enterprises Ltd. ...
Read SEC Filing on NASDAQ.com »