New Gold (TSX:NGD, NYSE:NGD) said Tuesday that it will halt this year’s drilling activities at the end of November at its Blackwater gold project south of Vanderhoof, BC.
According to The Prince George Citizen, New Gold is looking to start up again in the spring.
As quoted in the market news:
According to New Gold, the schedule of immediate next steps includes:
Complete the government-mandated economic feasibility study by the end of this year;
Submit its application for federal and provincial environmental approval early in 2014;
Continue technical and economic studies, and permitting work through 2014;
Consult with local citizens, local and regional governments, and First Nations;
Move towards a 2015 construction and 2017 operations start.