Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Merrill Lynch conference 2004
23 slides from Barrick Mining's conference presentation, Jun 1, 2004
Slide 1: Exploration Update – Merrill Lynch
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Building Mines, Building Value Exploration Update Exploration Strategy ! More than 95 projects in 9 countries ! High priority regions (Peru, Chile/Argentina, USA, Tanzania, Australia, FSU) ! Optimize chances EXPLORATION & BUSIN
Slide 2: Who are we?
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Who are we? ! Alex Davidson – Toronto ! 8 Regional Exploration Managers ! 150 Geoscientists plus Chief Geologist, Chief Geophysicist and Chief Geochemist ! Regional technical specialists in geology, geophysics, geochemistry, re
Slide 3: Reserve Replacement and Growth
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Reserve Replacement and Growth RESERVE GROWTH THROUGH ACQUISITION AND EXPLORATION proven and probable – millions of ounces Exploration 86 ! Overall finding cost $11/oz ! On- property finding cost $3/oz 76 20 Acquisitions 4 52 4
Slide 4: Proven Track Record – Greenfields
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Proven Track Record – Greenfields Alto Chicama – one of the the largest grassroots discovery in past 10 years ! Current reserve of 7.2 million with almost 2 million ounces of gold in resource ! Discovery cost was $3/oz Veladero
Slide 5: Exploration Investment
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Exploration Investment ! Barrick’s exploration spending has been consistent US$ millions 79 69 69 67 66 65 59 400 56 350 Spot Gold Price 300 250 97 98 99 00 01 02 03 04E Robust and Balanced Pipeline STAGE BUDGET Dee, Rossi, Res
Slide 6: Integrated Technologies
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Integrated Technologies Carlin Trend Drill Hole Targeting PROJECTED 3-D INVERTED SURFACE MAGNETICS ANOMALIES 3-D INVERTED DRILLHOLE GRAVITY ALTERATION AND GEOCHEMISTRY GEOLOGY MTN INVERSIONS Highlights from 2003 ! Added reserve
Slide 7: 2004 Regional Exploration
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 FSU 2004 Regional Exploration $5M Canada $4M U.S.A. $17M Tanzania Peru $9M $7M Australia $6M Chile/ Argentina $4.5M Focus for 2004 – High Priority Targets CIS and Goldstrike Mongolia District and Nevada Bulyanhulu District and
Slide 8: Focus for 2004 – High Priority Targets
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Focus for 2004 – High Priority Targets CIS and Goldstrike Mongolia District and Nevada Bulyanhulu District and Chocolate Reef, Alto Chicama Tanzania District, Peru Chile-Argentina and Veladero Pascua-Lama District Storm Goldstr
Slide 9: Goldstrike 2004 Exploration Program
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Goldstrike 2004 Exploration Program ! 116 hole – 169,000 foot drill program underway and will be completed at the end of Q2 ! Focus on North and South Pit resource/reserve development ! Encouraging results Meikle 2004 Explorati
Slide 10: Goldstrike 2004 Exploration Program
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Goldstrike 2004 Exploration Program Other Targets ! Generate and drill test new targets northwest of Meikle ! Evaluate target potential southeast of Meikle (east of the Post fault) ! Refine Goldstrike geology, geophysics and ge
Slide 11: East Archimedes, Nevada
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 East Archimedes, Nevada West Archimedes 6000 East Archimedes East Archimedes Layback 0 500 1000 meters Deep 5000 East Archimedes Ruby Sulfide Deeps Target Target 4000 Round Mountain Joint Venture Gold Hill and AMI Projects GOLD
Slide 12: Marigold JV Project – 2004 Exploration Targets
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Marigold JV Project – 2004 Exploration Targets Reserve Areas 80 Property Boundary VALMY Resources Areas Exploration Exploration Targets Area Current Marigold Mine Area New Leach Pad 5 NE 32S 8N x Basalt Section 32 X Valmy Pits
Slide 13: Peru Exploration Areas of Interest
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Peru Exploration Areas of Interest " BRASIL ! Land position 6,000 sq. km. Alto Chicama ! N. Peru 3,100 sq. km. Trujillo Pierina ! S. Peru 2,900 sq. km. Tres Cruces " Minasnioc LIMA Cusco " Linda Hueso Sur Sancos " Barrick groun
Slide 14: Alto Chicama District Exploration Potential
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Alto Chicama District Exploration Potential Lagunas Norte Cross Section A Concealed Target A B Alluvial Target B C Sulfide Target 4150 Original Surface 4150 4000 4000 3850 3850 250 C m 000 500 1000 LN Deposit Section 4200 Lagun
Slide 15: Tres Cruces – Cross Section
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Tres Cruces – Cross Section ! Mineralization at edge of dome in andesitic volcanics overlain by silicified rhyolite and sinters/calcareous tufa ! 800m of diamond drilling to test same setting on north side of dome SCHEMATIC GEO
Slide 16: Focus for 2004 – High Priority Targets
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Focus for 2004 – High Priority Targets CIS and Goldstrike Mongolia District and Nevada Bulyanhulu District and Chocolate Reef, Alto Chicama Tanzania District, Peru Chile-Argentina and Veladero Pascua-Lama District Lake Victoria
Slide 17: Chocolate Reef – Long Section Zone 1
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Chocolate Reef – Long Section Zone 1 100 m 45,000m drill program underway here to test the mineralization along strike and at depth ! Objective is to double the current resource ! Program to be completed Q3 Focus for 2004 – Hig
Slide 18: Exploration Chile/Argentina
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Exploration HOTSPRING BELT Iquique Chile/Argentina Areas of Interest MARICUNGA BELT EL INDIO BELT Pascua Lama Veladero La Serena Indio Tambo San Juan SANTIAGO BUENOS AIRES RIO NEGRO Comodoro Rivadavia SANTA CRUZ Emerging Gold P
Slide 19: La Paloma
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 La Paloma Santa Cruz, Argentina ! Three targets identified ! Lomada de Leiva drill tested in 2003. Best result was 6.5 g/t Au over 27 m. ! 4,000 m follow up drill program recently completed at Lomada de Leiva ! Drilling underwa
Slide 20: Veladero Exploration Targets
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 GUANACO ZONSO Veladero Exploration Targets RC 593 FILO MARIO Pascua-Lama/Veladero Belt – Targets N PASCUA-LAMA Veladero Guanaco 21M ozs VELADERO Zonzo Regalito 17.7 Mozs Guanaco Zonzo Regalito Bañitos Sancarron (Chile) 8m @ 6g/
Slide 21: CIS and Mongolia
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Focus for 2004 – High Priority Targets CIS and Goldstrike Mongolia District and Nevada Bulyanhulu District and Chocolate Reef, Alto Chicama Tanzania District, Peru Chile-Argentina and Veladero Pascua-Lama District CIS and Mongo
Slide 22: Federov – PGE Property, NW Russia
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Federov Federov – PGE Property, NW Russia ! Located in Kola Peninsula, (17 km to rail; 200 km to Finland) ! Drill program completed in Q3, followed by resource update and scoping study ! Disseminated PGE+Au mineralization, > 5
Slide 23: Barrick Exploration – Summary
BARRICK GOLD CORPORATION Exploration Update – Merrill Lynch June 1, 2004 Barrick Exploration – Summary ! Disciplined and consistent approach ! Near-term discovery enhanced by advancing best projects faster ! Focused on most prospective areas: (Goldstrike, Alto Chicama, Pascua- Lama/Veladero, Bulyanh