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Exploration|Gold|PROJECT
Exploration|Gold|PROJECT
exploration|gold|project

Barrick takes option on Pearl String, Nevada

26th October 2022

By: Creamer Media Reporter

     

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Canada-based major Barrick Gold has signed an option agreement that could see it earn a 100% interest in the Pearl String gold project, located in the Walker Lane trend, Nevada.

In terms of the agreement with Orogen Royalties, Barrick has to make $1.5-million in cash payments and incur $4-million in exploration expenses withing five years. If Barrick exercises its option, Orogen will retain a 2$ net smelter return royalty.

“The Walker Lane structural corridor is well known for hosting several low-sulphidation epithermal deposits, but also contains significant high-sulphidation deposits and past-producing mines including Borealis, Paradise Peak and the 4.2-million-ounce Goldfield camp,” commented Orogen CEO Paddy Nicol.

"We look forward to our arrangement with Barrick and welcome their exploration expertise on Pearl String."

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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