New Gold (TSE:NGD) has released an update.
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New Gold Inc. has reported promising exploration results from its New Afton mine, revealing high-grade copper-gold mineralization across multiple zones, notably in K-Zone and HW Zone. The proximity of these zones to existing infrastructure suggests potential for cost-effective development. In response to these positive findings, the company has boosted its exploration budget by $3 million to further define the high-grade zones.
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