Global gold major Barrick on Tuesday reported a new discovery hole about 2 km from the best-ever drilling intercept at its Fourmile project, in Nevada, and said this pointed to the delivery of at least one more Tier 1 mine through the combination of Fourmile with the nearby Goldrush development project.
Fourmile was not included in the recent combination of Barrick and Newmont Goldcorp’s Nevada operations to create the Nevada Gold Mines, but it has the right to bring it into the joint venture for full market value provided certain agreed investment criteria are met.