September 23, 2017 11:53 AM ET

Metals and Mining

Company Overview of Barrick Gold Exploration Inc.

Company Overview

Barrick Gold Exploration Inc. engages in gold and copper mining. The company was incorporated in 1997 and is based in Elko, Nevada. Barrick Gold Exploration Inc. operates as a subsidiary of Barrick Gold Corporation.

293 Spruce Road

Elko, NV 89801

United States

Founded in 1997

Phone:

775-738-2062

Fax:

775-738-2804

Key Executives for Barrick Gold Exploration Inc.

Barrick Gold Exploration Inc. does not have any Key Executives recorded.

Barrick Gold Exploration Inc. Key Developments

Carlin Gold Corporation Enters into Exploration and Earn-In Agreement with Barrick Gold Exploration

Carlin Gold Corporation report that it has entered into an Exploration and Earn-In agreement with Barrick Gold Exploration Inc. on Carlin's Cortez Summit property, Eureka County, Nevada. Barrick has the right to earn a 70% interest in the Property by making expenditures totaling USD 5 million by December 31, 2020, of which USD 500,000 is a firm commitment to be completed by September 1, 2017. Upon expenditure by Barrick of USD 5 million, a limited liability company will be formed to own the project with membership interests owned 70% by Barrick and 30% by Carlin. In addition to its 30% working interest, Carlin will retain a 2% net smelter return royalty on future production to be paid on a pro-rata basis according to membership interests. The 100% owned Property consists of 142 unpatented mining claims which are located adjacent to Barrick's Goldrush deposit. The Goldrush deposit is reported by Barrick to contain estimated measured and indicated resources of 8.6 million ounces grading 10.58 gpt gold, and an inferred resources of 1.6 million ounces grading 9.0 gpt gold (Barrick 2015 year-end report and fourth quarter results) and is the subject of a pre-feasibility study contemplating an underground operation producing 440,000 ounces of gold annually.

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