Exploration Briefs April 2016

Barrick Gold has signed an agreement with Alicanto Minerals granting Barrick the option to earn a 65% interest in Alicanto’s Arakaka gold project in northwest Guyana. Funding requirements for Barrick total $10 million, including $8 million in exploration expenditures over a period of four years and a $2 million cash payment to Alicanto at the completion of the earn-in expenditure.

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Exploration Briefs - March 2016

Alecto Minerals has entered into a joint venture agreement with Randgold Resources (Mali) to explore and develop Alecto’s 137 km2 Kossanto West gold project in western Mali. Randgold will hold a 65% interest and Alecto will retain a 35% participating interest in the project’s permits. Randgold will fund all costs up to and including completion of a prefeasibility study.

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Exploration Briefs - February 2016

Hammer Metals has signed an earn-in and joint-venture agreement with Newmont Exploration covering the Overlander, Even Steven and Dronfield iron oxide copper-gold (IOCG) targets on Hammer’s Mount Isa project in Queensland, Australia. Newmont Exploration is a subsidiary of Newmont Mining; Hammer is an Australian junior company headquartered in Mount Lawley, Western Australia, a suburb of Perth.

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Exploration Briefs - January 2016

Harmony Gold has announced an initial, JORC-compliant inferred mineral resource for its Kili Teke copper-gold deposit in Papua New Guinea. The resource totals 128 million metric tons (mt) grading 0.4 % copper, 0.3 g/mt gold, and 170 ppm molybdenum, with contained metal coming in at 506,000 mt of copper, 1.2 million oz of gold, and 22,000 mt of molybdenum.

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