New Gold Says to Raise Exploration Budget at British Columbia Project

Reuters reported that New Gold Inc (TSX:NGD) is increasing its budget for exploration at the Blackwater project in British Columbia.

The market news is quoted as saying:

In April, New Gold said it had struck a deal to acquire gold exploration company Richfield Ventures that gave it control of Richfield’s flagship Blackwater project. The acquisition was to add about 3.8 million ounces of gold resources to New Gold’s portfolio.

To read the full market news, click here.