New Gold preps for winter shutdown

New Gold will be shutting down for the winer, but said they plan to restart exploration next year.

New Gold will be shutting down for the winer, but said they plan to restart exploration next year.

“We are looking forward to starting exploration again in the warmer weather,” said New Gold President, chief executive officer and director, Bob Gallagher in a release.

“We are continuing to work closely with communities and First Nations to develop a project that makes a positive contribution to the region,” said Gallagher. “The project continues to move forward.”

They said they expect to complete the feasibility study by the end of 2013 and submit their application for federal and provincial environmental approval early in 2014.

The further technical, economic studies, consultation and permitting work will go on through 2014.

The goal is still to work towards construction in 2015.

The 30-day public comment period on the draft application began Oct. 9.

The B.C. Environmental Assessment office will hold open houses in Fraser Lake on Oct. 15 and Vanderhoof on Oct. 16.