Mining News: New Gold inks buyout of Blackwater owner
Ongoing drilling successes herald additional potential of Richfield Ventures Corp.ís central B.C. bulk tonnage gold property
New Gold Inc. and Richfield Ventures Corp. jointly unveiled plans April 4 for New Gold to acquire the junior gold explorer and its promising Blackwater gold project in central British Columbia in a transaction valued at some C$550 million.
New Gold and Richfield said they entered definitive agreem....
[additional news subjects in this story]
4.14-million-ounce initial gold resource
Another win for New Gold
Deal to close in June
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