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Barrick deal with Red 5

RED 5 is expecting to have the results of its long-awaited Siana pre-feasibility study within the next week or so, and has also decided to farm out ground it holds in the Gum Creek Greenstone Belt of Western Australia to Barrick-Placer.

Michael Quinn
Barrick deal with Red 5

The junior claims the Gum Creek ground has, based on proprietary Placer interpretive analysis, “strong potential for a five million ounce deposit under cover similar to Placer’s nearby 7.1Moz Wallaby deposit”....

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