https://www.miningweekly.com

Barrick takes option on Pearl String, Nevada

26th October 2022

By: Creamer Media Reporter

     

Font size: - +

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

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION