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Barrick Gold Corp.

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Summary

Project:

Hemlo Mine

Deposit:Hemlo Mine
Location:Canada
Commodities:Gold
Date:4/25/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:25-4-2017: Barrick Gold Corp. announces a Resource Estimation report for its Hemlo Mine deposit at the Hemlo Mine project. Updated mineral resources and ore reserves at project. Roscoe Postle Associates Inc. (RPA) was retained by Barrick Gold Corporation
Resources:(Reserve, P+P): 25.782Mt @ 1.92g/t Au for 1.5879Moz Au contained at project
CP/QP:[Resources]: Wayne W. Valliant (Roscoe Postle Associates Inc.)
ABSTRACT:Roscoe Postle Associates Inc. (RPA) was retained by Barrick Gold Corporation (Barrick) to prepare an independent Technical Report on the Hemlo open pit and underground mines (the Hemlo Mine), in Bomby Township, Northwestern Ontario, Canada. The purpose of this report is to support public disclosure of Mineral Resource and Mineral Reserve estimates at the Mine. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The effective date of the Mineral Resource and Mineral Reserve estimates in this Technical Report is December 31, 2016, and information in this Technical Report is current as of that date unless otherwise specified. RPA visited the property on December 14 and 15, 2016. Barrick is a Canadian, publicly-traded mining company with a portfolio of operating mines and projects across five continents. The Hemlo Mine property is located just north of Lake Superior on the Trans-Canada highway approximately 35 km east of the town of Marathon, Ontario, at approximately 85°54’ W longitude and 48°41’ N latitude. Mining at Hemlo consists of a combination of open pit and underground operations for a current production rate of approximately 9,500 tpd. The underground mining operation at Williams is accessed via vertical shafts equipped to move personnel and material, and also ore and waste from the underground to the surface. The Hemlo operations consist of an operating open pit and underground mine, and a CIP process plant facility. Barrick has environmental management groups and management systems to ensure that the necessary permits and licences are obtained and maintained. These groups also carry out the required environmental monitoring and reporting.

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