Barrick explores Dee at depth

Barrick Gold (ABX-T) has signed an agreement allowing it to explore the deeper potential of Rayrock Yellowknife Resources’ (RAY-T) Dee gold property in Nevada.

Barrick will spend at least US$2 million during the first two years, but, to earn a 60% interest in the property, may elect to spend up to US$6.5 million in five years. During Barrick’s earn-in period, Rayrock will retain 100% of Dee’s 1997 production, estimated at 39,000 oz. gold.

Rayrock expects to close the Dee pit by the end of 1998’s first quarter, with milling to be shut down by the end of the second quarter. Leaching will continue for about three years.

Print


 

Republish this article

Be the first to comment on "Barrick explores Dee at depth"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close