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CMC Metals Mobilizes Field Crews at Its Bridal Veil Property in Newfoundland

VANCOUVER, BC / ACCESSWIRE / September 29, 2021 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5N)(OTC PINK:CMCZF); (the "Company") is pleased to announce that…

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VANCOUVER, BC / ACCESSWIRE / September 29, 2021 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5N)(OTC PINK:CMCZF); (the “Company“) is pleased to announce that field crews have been mobilized to their polymetallic Bridal Veil Property in Newfoundland, Canada. Bridal Veil is located 10 km east of Gander in the geological terrane called the Gander Zone which is an area of significant interest to explorationists due to the recent gold discovery at the Queensway Project owned by Newfound Gold. The Bridal Veil Property comprises of 126 claims (3,150 hectares) and lies within the Gander Zone and is underlain by sedimentary rocks of the Gander Group. Bridal Veil is an epigenetic, structurally controlled polymetallic target which has been noted to have the potential to host gold mineralization.

Bridal Veil has had some promising results including several gold in till samples from regional government surveys, promising assays from several identified mineral occurrences, and an unexplained geophysical anomaly. Historical grab samples from mineralized zones have returned grades of up to 8.9% copper, 5.6% lead, 8.6 oz/t silver and 750 ppb gold and another grab containing 3.82 g/t gold. Other grab samples from the mineralized zones include:

Bridal Veil: 1.33% copper, 5.2% lead, 1.0 oz/t silver
Abbott’s Ridge: 8.5% copper, 1.0% lead and 0.6 oz/t silver
Hidden outcrop: 0.29% copper, 3.2% lead and 5.4 oz/t silver
Growler: 0.21% copper, 0.85% lead, and 1.13 oz/t silver
Meggan’s Rise: 0.75% copper, 8.4% lead and 7.8 oz/t silver

Previous geophysical investigations included an Induced Polarization Survey and a Magnetometer Survey which served to identify anomalous areas that merit follow up exploration. To date only 20% of the property has been subjected to any work or reconnaissance efforts. The property is transected by both the Trans Canada Highway and the Trans Canada Trail system and also many of the claims are accessible by a network of trails.

Mr. John Bossio, Chairperson noted, “We are pleased to initiate exploration efforts at Bridal Veil. Newfoundland. Central Newfoundland is a hotbed of exploration activity and we are excited to now be able to start to examine Bridal Veil.”

Qualified Person

Kevin Brewer, a registered professional geoscientist in BC, Yukon and Newfoundland, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the “Silver Hart Project”) and the recently acquired Rancheria South, Amy and Silverknife claims (the “Rancheria South Project”). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

On behalf of the Board:

“John Bossio”
John Bossio, Chairman
CMC METALS LTD.

For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc Hons, Dip. Eng
President, CEO and Director
Tel: (604) 670 0019
[email protected]
Suite 110-175 Victory Ship Way
North Vancouver, BC
V7L 0B2

To be added to CMC’s news distribution list, please send an email to [email protected] or contact Mr. Kevin Brewer.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

“This news release may contain certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.”

SOURCE: CMC Metals Ltd.

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https://www.accesswire.com/666108/CMC-Metals-Mobilizes-Field-Crews-at-Its-Bridal-Veil-Property-in-Newfoundland




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Discovery Harbour Announces Results from First of Five Drill Holes on Caldera Gold Property, Nevada

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company"…

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Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour“) announces that the first of five drill holes results have been received from the Company’s Caldera drill program. Selected core from each of the five holes has been sent for analysis, with the next results expected in late November. The initial drill hole, CP21-01, has anomalous gold results up to 324 parts per billion gold over 1.4 metres. The drillhole intersected primarily volcanic tuffs, moderate to strong propylitic and argillic / sericitic alteration as well as multiple fault zones.

The Company completed drilling a total of slightly over 1900 metres, testing five low sulphidation epithermal gold targets (see map below) on the Caldera Property. Each hole was deeper than any previous drilling on Caldera and each site was selected to test the boiling zone, typically found at approximately 300+ metres below the paleo-surface, where precious metals are concentrated. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

Caldera Gold Project, Completed Drill Holes

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1559/100776_fc1ee2a344e1c8fb_001full.jpg.

Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour
Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is the drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Mining Limited on its Fortuity 89 property in Nevada.

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

“Mark Fields”

Mark Fields, B. Sc. (Geology), B.Comm.(Hon.)
President and Chief Executive Officer
Discovery Harbour Resources Corp.
Tel: (604) 681-3170
Fax: (604) 681-3552

Disclaimer for Forward-Looking Information
This news release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery Harbour, such as statements that Discovery Harbour intends to pursue the Caldera Project. There are numerous risks and uncertainties that could cause actual results and Discovery Harbour’s plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions; (ii) exploration results, (iii) permitting requirements or (iv) the financial position of the Company. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery Harbour does not intend to update these forward‐looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100776







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Taranis Discovers New Zone at Thor, Extending Deposit Under Thor’s Ridge with Thor-220 (6.42% Combined Cu+Pb+Zn, 253.8 g/t Ag, 0.61 g/t Au Over 3.96 m)

 

Estes Park, Colorado – TheNewswire – October 25th, 2021 – Taranis Resources Inc. (“Taranis) (TSXV:TRO) (OTC:TNREF) is excited to report on exploration…

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Estes Park, Colorado – TheNewswire – October 25th, 2021 Taranis Resources Inc. (“Taranis) (TSXV:TRO) (OTC:TNREF) is excited to report on exploration progress at its 100%-owned “Thor” silver, gold, zinc, and copper polymetallic deposit located near Trout Lake in southeastern British Columbia. In summer 2021, Taranis drilled a total of ten holes testing the Ridge Target; only the first three (Thor-218, 219 and 220) are discussed here. Details of the remaining drill holes will be discussed as assay results become available to the company.

 

A new discovery was made testing the Ridge Target (henceforth referred to as the Thunder Zone), located north and east of the Blue Bell Zone. The Thunder Zone was discovered on the south side of Thor’s Ridge, underneath a paleo-landslide which has detached a portion of Thor’s Ridge. This paleo-landslide was not a recognized aspect of the area’s geomorphology until 2021 due to its concealment under undisturbed forest growth in the area.

 

Lead-up to Discovery Hole Thor-220

 

Drilling on Thor’s Ridge is a challenging process because of steep terrain and technicalities of the overburden resulting from the paleo-landslide.

 

The 2021 season’s inaugural drill hole (Thor-218, -450) on the Ridge Target was abandoned at a depth of 48.8m due to excessive bit wear. An assessment of the difficult ground conditions indicated that a landslide, clearly visible on Lidar imagery, was responsible for the difficult ground conditions. Subsequent deep penetrating electrical tomography mapping of the area confirmed the presence of a large conductive landslide that ranged in thickness from 30-35 m, fully concealing bedrock at the base of the landslide.

 

Once drilling methods were modified, a drill hole (Thor-219, -600) penetrated through the landslide and reached bedrock at a depth of 29.6 m. This hole intersected a new weakly mineralized quartz vein from 56.54 to 59.77 m (0.01% Cu, 0.16 % Pb, 0.57% Zn, 5.72 g/t Ag and 0.37 g/t Au). Of note was a fault on top of the quartz vein that contained slickensided pyrite. The hole emitted a pungent smell of hydrogen sulfide gas, and it is this geological teaser that led to the eventual discovery of the Thunder Zone under the paleo-landslide in hole Thor-220.

 

Despite intersecting only weak mineralization in the Ridge Target, Thor-219 was continued further into the underlying Blue Bell Zone, encountering it at 157.01–157.20 m. Historical underground sampling and previous Taranis drilling had already shown that the Blue Bell Zone “pinched-out” in this area. The assay results from the Blue Bell interval showed the characteristic high-grade of this zone (0.20% Cu, 0.55% Pb, 5.66% Zn, 118g/t Ag, and 0.67 g/t Au/0.19 m). This intercept demonstrates that despite a diminished environment for the hosting of a wide zone of mineralization in the northern terminus of Blue Bell, the metal-bearing hydrothermal fluids that deposited the metals did not wane during deposition.

 

Discovery of a New Zone at Thor (Thor-220)

 

Thor-220 (-900) was cased down through the landslide and entered bedrock at a depth of 30.78 m from the same setup as Thor-219. Shortly after entering bedrock the drill hole intersected Jowett Formation volcanic rocks (48.95–74.52 m) that exhibited prolific quartz veining accompanied by tetrahedrite, sphalerite, galena, and pyrite mineralization. This mineralization was the source of the hydrogen sulfide gas that was noted in Thor-219.

 

Analytical results from Thor-220 show that it has both a deeper high-grade zone but is also encapsulated within lower-grade mineralization that is potentially bulk mineable. The higher-grade mineralization occurs from 68.13-72.09 m with analytical results shown below:

 

Thor-220 Analytical Results

From (m)

To (m)

Thickness (m)

% Cu

% Pb

% Zn

% Combined Cu+Pb+Zn

Silver (g/t)

Gold (g/t)

68.13

72.09

3.96

0.15

2.63

3.63

6.42

253.8

0.61

 

The encapsulating lower-grade interval included 10.30 m (62.49-72.79 m) of 0.07% Cu, 1.07% Pb, 2.13% Zn, 103.42 g/t Ag and 0.35 g/t Au. Taranis has posted a picture of the drill core from this intercept as well as some general images of the landslide on the website at www.taranisresources.com.

 

Implications of the Thunder Zone for Increasing Thor’s Mineral Resource

 

Moving from southeast to northwest, the Thor deposit is comprised of large en-echelon stacked zones known as Broadview, Great Northern, True Fissure and Blue Bell that obliquely transect the Silver Cup Anticline. The Silver Cup Anticline is a large, regional structure which hosts many other silver deposits in the Silver Cup Mining camp. Prior to the discovery of the Thunder Zone, all known zones at Thor were located only on the south side of the Silver Cup Anticline, extending 2.5 km south of the Silver Cup Anticline exposed in Fissure Creek. The Thunder Zone is the first zone to be found at Thor on the north side of the Silver Cup Anticline.

 

Taranis is confident that the Thunder Zone will be comparable to True Fissure, Great Northern, or Blue Bell, and that it is part of a repeating pattern that continues to the north-northwest. The Thunder Zone is a completely blind zone hidden under steep topography and an overlying paleo-landslide. Now that these features relative to the zone have been identified and mapped, following the Thunder zone and any subsequent zones in the sequence will be greatly simplified.

 

The Thor-220 intercept bears close resemblance to other drill holes in the existing deposit in terms of tenor, thickness, and mineralogy. It also establishes a repetitious pattern of mineralization which will simplify discovery of additional zones as exploration activities move under Thor’s Ridge. Thor-220 is the northernmost drill hole that was completed in the Thunder Zone, and also the northernmost drill hole ever drilled at Thor. Testing this zone moving further to the northwest is a high priority for future drilling.

 

While much exploration work remains in order to follow the Thunder Zone under Thor’s Ridge, there are indications the Thunder Zone extends for a considerable distance to the north-northwest. Previous surface sampling by Taranis at a location called ‘SIF North’ (located over 1 km to the northwest of the Thunder Zone) obtained gold values up to 0.60 g/t Au. Westmin Resources, who formerly explored in the vicinity of SIF North, also obtained gold values in trenching up to 3.85 g/t Au in the early 1980s. This gives Taranis high confidence that there is still a substantial amount of mineralization to be found under Thor’s Ridge and on the north side of the Silver Cup Anticline. In this area, the targets are hidden below surface under barren lithocap rocks of the Broadview Formation, and this would explain why they have not been previously discovered.

 

CEO’s Comment

 

John Gardiner, President and CEO of Taranis states, “Thor is a large hydrothermal system that extends for upwards of 2.5 km in strike length, and it is now suspected to have all three parts of an intact hydrothermal system. Since acquiring this deposit in 2006, we have drilled over 250 holes and developed a good understanding of the ore controls and its genesis.

 

The Source is most likely a large intrusive body found under Broadview Creek, the Conduit is the Thor Fault Zone which obliquely crosscuts the Silver Cup Anticline, and finally the Trap is a lithology called the Jowett Formation lying under the Broadview Formation that is a tight caprock. While the Source part of this model remains to be tested with drilling for porphyry-type mineralization, it was the subject of further exploration activity in 2021 including ground geophysical surveys and surface sampling. This area, in addition to the newly discovered Thunder Zone, remain the prime areas of exploration that will contribute to Resource growth in 2022. Taranis is planning a new NI 43-101 Resource Estimate that will replace and significantly expand on its outdated 2013 maiden Resource estimate.

 

The Silver Cup Anticline hosts other deposits in the area, but what makes Thor so interesting is its elevated gold content within the main polymetallic sulfide deposit but also in high-grade monometallic gold zones such as SIF. We now know that the Thor deposit occurs at the junction of a major NNW-trending shear zone and the Silver Cup Anticline. It appears that an underlying buried intrusive Source body has emplaced precious and base metals at that structural junction.

 

Taranis has a unique approach to exploration. First and foremost, permitting and other factors necessitate that exploration in British Columbia be ‘surgical’ in its approach. Key to this approach is a reliable geological model that is testable. Ensuring that each and every drill hole counts towards an expanded Resource pays dividends to our shareholders through cost-conscious discovery with a high success rate. This approach by necessity weighs heavily on experience, long-term planning, and state-of-the-art exploration methods.”

   

Qualified Person and Quality Control

 

Exploration activities at Thor were overseen by John Gardiner (P. Geol.) who is a Qualified Person under the meaning of Canadian National Instrument 43-101. Drill core is logged and sawed onsite, and one-half is retained for reference and further analytical work including specific gravity determinations. The remaining half core is delivered by Taranis via courier to Bureau Veritas Commodities Canada Ltd. (“Bureau Veritas”) in Vancouver, British Columbia. Bureau Veritas is an ISO 9001 certified analytical laboratory. Taranis inserts standards every 10th sample for quality control in addition to the stringent internal checks completed at Bureau Veritas. Samples are dried, crushed, split and pulverized at the Vancouver location, and analyzed for silver, copper, lead, zinc and related trace elements done by modified aqua regia digestion with ICP finish. Gold is analyzed using a 30-gram fire assay with ICP finish.

 

About Taranis Resources Inc.

 

For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com

 

Taranis currently has 78,328,424 shares issued and outstanding (88,907,190 shares on a fully-diluted basis).

 

TARANIS RESOURCES INC.

Per:        John J. Gardiner (P. Geol.),

President and CEO

 

For further information contact:

 

John J. Gardiner

681 Conifer Lane

Estes Park, Colorado

80517

Phone: (303) 716-5922

Cell: (720) 209-3049

[email protected]

 

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

 

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

Copyright (c) 2021 TheNewswire – All rights reserved.





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Integration of Assets, Investment in Future Secure NGM’s Status as Industry Leader

ELKO, Nev., Oct. 25, 2021 (GLOBE NEWSWIRE) — Nevada Gold Mines (NGM) is demonstrating the impact of operator and majority-owner Barrick’s strategy…

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ELKO, Nev., Oct. 25, 2021 (GLOBE NEWSWIRE) — Nevada Gold Mines (NGM) is demonstrating the impact of operator and majority-owner Barrick’s strategy of combining the best people with the best assets to deliver the best returns, Barrick president and chief executive Mark Bristow said here today.

Speaking at an update for local media and community leaders, Bristow said NGM — the world’s largest gold mining complex — stood out from the rest of the industry not only because of its size but because its wealth of projects and prospects secure its future as a high-quality, long-life operation for decades to come.

“The combination of the Nevada assets of Barrick and Newmont has unlocked the vast geological potential of this mineral-rich region by consolidating mines, processing facilities and landholdings. Anchored by the massive Carlin and Cortez mines, NGM is building up the third Tier One1 asset, Turquoise Ridge, while Goldrush, a world-class project in its own right, heads up a long pipeline of quality prospects,” he said.

“NGM has also built strong relations across the full spectrum of the mines’ previously neglected stakeholders, and its wide-ranging support for educational and other community development initiatives is securing its social licence as a valuable partner with Nevada and its people.”

Bristow cited Turquoise Ridge as an example of the transformative effect of asset consolidation. The high-grade underground orebody at Turquoise Ridge, then a Barrick property, was mined for years without a full understanding of its geology and was also constrained by the lack of its own processing plant. At the same time, Newmont’s neighboring Twin Creeks was facing the decline of production from its open pits and its processing facilities had never been pushed to deliver. The ramp-up of underground production at Turquoise Ridge, based on a completely new geological model, will pick up speed when its third shaft is completed next year, more than offsetting the drop in production from the now-integrated Twin Creeks. The integration of the two assets has also delivered new exploration opportunities in the gap between the two.

During the past quarter, the Goldrush project’s official Notice of Intent was published, putting NGM well on the way to permitting its next major orebody. The updated feasibility study and the successful processing of the first ore samples has strengthened confidence that additional resources will be converted to reserves later this year.

NGM continued to optimize its portfolio through the South Arturo/Lone Tree asset swap, which removed a closure liability from its balance sheet while securing additional ounces and geological upside by bringing the other 40% of South Arturo under its control. In the meantime, brownfields exploration is confirming a significant upside through prospects such as a major deposit in North Leeville and the promising Phoenix gold and copper satellite.

Bristow said NGM was continuing to invest in infrastructure capable of supporting mining far into the future. This includes advancing data analysis capabilities and reducing greenhouse gas (GHG) emissions. An example of the latter is the second phase of the TS solar power facility which will increase its solar capacity to 200MW and is the cornerstone of NGM’s commitment to cutting GHG emissions by 20% by 2025.

Reviewing the past quarter, Bristow said improved run times at all of NGM’s major processing facilities had lifted NGM’s performance while the restoration of the Carlin mill operations had set it up for a strong end to the year.

Enquiries
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]

Website: www.barrick.com

Endnote 1
A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve.

Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “potential”, “will”, “continue”, “prospects”, “securing”, “strategy” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick’s plans to unlock the geological potential of NGM and secure its future as a high-quality, long-life complex for decades to come; the expected benefits and timeline for completion of NGM’s growth projects including the Goldrush and Turquoise Ridge Third Shaft projects; the ramp-up of production at the Turquoise Ridge underground; NGM’s ability to convert resources into reserves; the anticipated benefits of the South Arturo asset swap and operational improvements at the Carlin mill; NGM’s exploration strategy and planned exploration activities; Barrick’s sustainability vision, including the expected environmental benefits from the TS solar power plant and NGM’s greenhouse gas emissions reduction target; and Barrick’s partnership with Nevada, local communities and other stakeholders.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Barrick Gold Corporation (the “Company”) as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; risks associated with projects in the early stages of evaluation, and for which additional engineering and other analysis is required; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary exploration permits and other permits approvals; uncertainty whether some or all of targeted investments and projects will meet the Company’s capital allocation objectives and internal hurdle rate; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; risks associated with artisanal and illegal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; litigation and legal and administrative proceedings; employee relations including loss of key employees; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.




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