Barrick farms into Telfer gold project

BARRICK Gold of Australia is farming into 14 of the 19 tenements that make up Mount Burgess Mining’s Telfer gold project in Western Australia’s Pilbara region.

Making way for Barrick, Newmont has agreed to abate its 38% interest in four mining leases that fall within the 14 tenements to a 1% royalty, leaving Mount Burgess with 100% equity in the entire