Barrick unveils new gold discovery

Barrick Gold (TSX: ABX) has announced a major new gold discovery, named Alturas, on the El Indio gold belt. The find follows a reevaluation begun several years ago of the 140km belt on which ABX controls all almost of the prospective ground.

“This area hosts some of the world’s largest gold deposits, including our own Veladero and Pascua Lama and it’s why this region continues to be core for us… We identified numerous targets but Alturas was the clear frontrunner,” Co-President Jim Gowans told analysts on a conference call last month.

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