Barrick Mining’s Fourmile Is One Of This Century’s Most Significant Gold Finds

COLORADO SPRINGS, CO – Barrick Mining Corporation reported that the Fourmile project in Nevada is cementing its position as one of the century’s greatest gold discoveries, updated studies by 100%-owner Barrick show. Backed by ongoing 2025 evaluation results and the 2024 mineral resource, the new preliminary economic assessment (PEA) underscores Fourmile’s rare combination of grade, scale and exploration upside, confirming its potential to become one of the world’s leading gold producers.
“Fourmile is emerging as a multi-generational project,” says Barrick President and Chief Executive Mark Bristow. “With the ongoing exploration drilling results, we expect to double the resource by the end of this year and, even more excitingly, we are continuing to define significant high-grade orebody extensions underpinning the current exploration upside estimate of 32-34Mt @ 15 – 16g/t2 outside of our current 2024 mineral resource. As a result, Fourmile is rapidly competing to be the largest and highest-grade gold discovery this century.
The updated PEA pointed to the potential for Fourmile to rank among the top 10 gold producers globally, with industry-leading operating cash flows. Very few projects anywhere in the world today can offer this combination of grade, scale and cash flow. Fourmile is one of those rare discoveries that has the potential to reset the industry cost curve.”
Barrick’s studies are progressing well and continue to confirm the attributes that make this orebody so valuable, namely the grade, significant tonnage and large-scale stoping fronts.3 All of these point to low-cost, long-life production which has all the hallmarks of a potential Tier One asset4 in the making.
One characteristic of the Fourmile orebody that makes it even more compelling is the geometallurgy. Unlike Goldrush, which is double refractory, indications are that a significant portion of Fourmile’s mineralization will be single refractory. This means that it can be processed more flexibly and at a lower cost across Nevada Gold Mines’ existing facilities. When combined with the unique positioning of Fourmile, within the greater Carlin-Cortez complexes, this offers a globally unique value proposition with potential to achieve world-class annual cash flows at a very low capital intensity.3 Finding gold at these grades anywhere is exceptional but to do so at this scale adjacent to multiple existing processing facilities is truly remarkable.”