New Gold Inc. (NGD)

[Gravityzone]

New Gold Announces its Rainy River Feasibility Study Results

01/16/2014
325,000 Ounces of Annual Gold Production at Low Costs during First Nine Years

(All figures are in US dollars unless otherwise indicated)

VANCOUVER, Jan. 16, 2014 /CNW/ - New Gold Inc. ("New Gold") (TSX:NGD) and (NYSE MKT:NGD) today announces the results of its Feasibility Study for the Rainy River project ("Rainy River" or the "Project") in Ontario, Canada. The company successfully completed the acquisition of Rainy River Resources Ltd. ("Rainy River Resources") on October 16, 2013. Through the second half of 2013, New Gold's development team worked with third party consultants to complete its Feasibility Study for the Project. The purpose was to ensure that the key inputs and assumptions used for Rainy River were consistent with those used for New Gold's other projects and operations. This Feasibility Study builds upon the study completed and filed by Rainy River Resources on May 24, 2013.

- See more at: http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2014/New-Gold-Announces-its-Rainy-River-Feasibility-Study-Results/default.aspx#sthash.vnerpGSG.dpuf