Barrick Makes New Gold Discovery in Chilean Andes

Barrick Gold has made a significant new gold discovery, known as Alturas, in the Andean region of Chile approximately 30 km south of the former El Indio mine. The discovery is part of a large mineralized system that extends well beyond the limits of the current drilling area. To date, 35 core holes have been completed in a 1-km2 area. Mineralization appears to be oxide in nature and geologically similar to Barrick’s Veladero mine in San Juan province, Argentina, with the potential to be of significantly higher grade.

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Seabridge Continues to Expand Core Zone Resources at KSM

In late March, Seabridge Gold reported significant additions to gold and copper resources in core zones at its KSM project in northwest British Columbia. The inferred resource in the project’s Deep Kerr deposit has been expanded by 52% to 782 million mt grading 0.33 g/mt gold and 0.54% copper for 8.2 million oz of contained gold and 9.3 billion lb of copper, while an initial inferred resource for the project’s Iron Cap Lower Zone has come in at 164 million mt averaging 0.59 g/mt gold and 0.27% copper for 3.1 million oz of contained gold and 961 million lb of copper.

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Erdene Drilling Confirms High-grades at Altan Nar

Erdene Resource Development Corp. reports that the resource drilling program at its wholly-owned Altan Nar gold-polymetallic exploration project in southwest Mongolia has confirmed continuity of near-surface, high-grade mineralization. Erdene President and CEO Peter Akerley said, “In addition to the significant grade and size potential of individual targets, what continues to be most impressive about Altan Nar is the high frequency of mineralized zones encountered throughout the 5.6-km-long district, indicating that Altan Nar has tremendous potential for the discovery of additional mineralized zones.”

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