Barrick (NYSE: B) says its Fourmile project in Nevada has the potential to produce as much as 750,000 ounces of gold per year, positioning it as one of the most significant discoveries of the century.
According to the company, updated studies released this week confirm that Fourmile combines exceptionally high grades with long mine life and access to existing infrastructure through the Nevada Gold Mines joint venture with Newmont.
The latest resource estimate outlines 1.4 million ounces in the measured and indicated category and 6.4 million ounces inferred, with exploration suggesting up to 15 million additional ounces may be delineated. Average grades of 12 to 16 grams per tonne make Fourmile one of the richest large-scale gold deposits in development, Barrick CEO Mark Bristow said.
“Fourmile is rapidly competing to be the largest and highest-grade gold discovery this century,” Bristow…
