Summary:
The Anglo/Zeke claims cover more than 7,500 hectares of exploration land owned by NGM east and southeast of the Goldrush deposit along the Battle Mountain-Eureka trend. Barrick has previously stated the Goldrush deposit is a large Carlin-type gold development project with initial production projected for 2021, which will progress toward a steady-state production of 450,000 ounces of gold per annum during its first full five years of operation. Goldrush’s end of 2019 reserve estimate is 2 million ounces at 9.7 g/t gold with a measured and indicated resource estimate of 9.4 million ounces at 9.4 g/t gold. Barrick previously has disclosed that mineralization at Goldrush is open along strike towards the north and east where the royalty property continues with the favorable stratigraphic host of the Goldrush, Cortez Hills, and Pipeline deposits, and has identified a mineral potential area known as Goldrush South on the Anglo/Zeke claims.
In 2021, Nevada Gold Mines completed the development declines to Goldrush and began a bulk sample of ore at Goldrush. Alongside the bulk sample, they began testing extensions of Goldrush mineralization.
Interest: 0.5% Gross Overriding Royalty, 3% NSR on Pine Valley claims
Location: Eureka County, Nevada
Project Status: Exploration
Counterparty: Nevada Gold Mines (Barrick/Newmont JV)
Barrick Gold Nevada Gold Mines
