district development Tanzania Lake Victoria Greenstone Belt district
district development Tanzania – Lake Victoria Greenstone Belt
district development Tanzania – Lake Victoria Greenstone Belt Barrick Properties Bulyanhulu Barrick Properties
district development Tanzania – Lake Victoria Greenstone Belt Pangea properties Barrick properties Bulyanhulu Pangea properties Barrick properties
regional geology Tanzania – Lake Victoria Greenstone Belt GEITA BULYANHULU 10. 5 Moz reserve Barrick Gold Corporation GOLDEN PRIDE
district development Tanzania – Lake Victoria Greenstone Belt Musoma Geita Bulyanhulu Tulawaka Golden Pride Sekenke
Bulyanhulu district development • 21 licenses • 2, 000 sq. km. Bulyanhulu Golden Ridge
Sekenke district development • 26 licenses • 2, 400 sq. km. Sekenke
Geita district development • 18 licenses • 1, 200 sq. km. Geita Mine Bulyanhulu
Tulawaka district development • 14 licences • 1, 000 sq. km. Tulawaka Bulyanhulu
district development Tanzania – Lake Victoria Greenstone Belt Musoma Geita Bulyanhulu Tulawaka Golden Pride Sekenke
Tulawaka district development • 200 km. to Bulyanhulu • 1 million oz. resource • grade of 19 g/t Tulawaka Bulyanhulu
Tulawaka L 4+00 E L 3+00 E L 2+00 E L 1+00 E L 0+00 L 1+00 W L 2+00 W L 3+00 W L 4+00 W L 5+00 W L 6+00 W longitudinal section – east zone 1200 m El. Surface TRC 501 1150 m El. TRC 470 TRC 505 TRC 504 TDD 50 TDD 21 TDD 41 TDD 33 TDD 31 TDD 25 TDD 24 TDD 42 TDD 20 TDD 26 TDD 47 B TDD 29 Mineralized Zone 950 m El. 900 m El. proposed borehole intercept recent borehole intercept previous borehole intercept TRC 484 TDD 51 TDD 14 TDD 15 TDD 27 TRC 485 TRC 486 TDD 52 W 1 TRC 508 TDD 17 TDD 49 TDD 30 TDD 12 TDD 35 TRC 487 TRC 509 TRC 498 TRC 513 TDD 19 TDD 32 1000 m El. TRC 490 TDD 38 TDD 39 TRC 491 TRC 512 TDD 28 TDD 34 New Vein Area TDD 37 TRC 506 TRC 488 TRC 507 TRC 489 TRC 502 TRC 511 TDD 36 TRC 441 TRC 469 TRC 467 TRC 514 1050 m El. TRC 466 TRC 503 TRC 510 1100 m El. TRC 471 ww www www www TRC 500 TRC 499 TDD 13 TDD 16 Mineralized Zone TDD 40 100 m
Tulawaka L 4+00 E L 3+00 E L 2+00 E L 1+00 E L 0+00 L 1+00 W L 2+00 W L 3+00 W L 4+00 W L 5+00 W L 6+00 W longitudinal section – east zone 1200 m El. Surface TRC 501 1150 m El. TRC 470 TRC 505 TRC 504 TDD 50 TDD 21 TDD 41 TDD 33 TDD 31 TDD 25 TDD 24 TDD 42 TDD 20 TDD 26 TDD 47 B TDD 29 Mineralized Zone 950 m El. 900 m El. proposed borehole intercept recent borehole intercept previous borehole intercept TRC 484 TDD 51 TDD 14 TDD 15 TDD 27 TRC 485 TRC 486 TDD 52 W 1 TRC 508 TDD 17 TDD 49 TDD 30 TDD 12 TDD 35 TRC 487 TRC 509 TRC 498 TRC 513 TDD 19 TDD 32 1000 m El. TRC 490 TDD 38 TDD 39 TRC 491 TRC 512 TDD 28 TDD 34 New Vein Area TDD 37 TRC 506 TRC 488 TRC 507 TRC 489 TRC 502 TRC 511 TDD 36 TRC 441 TRC 469 TRC 467 TRC 514 1050 m El. TRC 466 TRC 503 TRC 510 1100 m El. TRC 471 ww www www www TRC 500 TRC 499 TDD 13 TDD 16 Mineralized Zone TDD 40 100 m
Tulawaka section – 0+62. 5 W 34 4 TR C C 34 1 19 D TR TR TR TD 10 8 C C TR Talus zone surface laterite upper saprolite 6. 48/5 m 1. 57/1 m 1150 m 4. 90/8 m lower saprolite VEIN B 153. 97/2. 69 m VEIN A 8. 36/4. 22 m bedrock 1100 m 25. 84/14 m 25 m 11. 10/1 m 250 N 1050 m 50 N bore hole intersection assay = g/t Au / m 2 C 53 TR 252 C TR 251 C 25 0 gold zone
Bulyanhulu district development • 21 licenses • 2, 000 sq. km. Itetemia Bulyanhulu Buly South
surface geology significant RAB results drilled with core significant RAB results over reef 1
development december 31, 1998 reserves: 3. 7 million oz. 1 km.
development reserves: 7. 5 million oz. reserves & resources: >10. 4 million oz. december 31, 1999 1. 2 km.
development august 31, 2000 reserves: 10. 5 million oz. reserves & resources: >12. 0 million oz. 4 km. 2 km.
september, 2000 20 drills working – 18 definition, 2 exploration 2 km. KMC-707 1. 44 m Hthk @ 5. 18 g/t KMC– 590 D in progress KMC– 640 D 2. 56 m Hthk @ 25. 11 g/t KMC– 699 results pending KMC– 693 A 3. 78 m Hthk @ 6. 34 g/t KMC-615 B 2. 63 m Hthk @ 16. 25 g/t KMC-689 2. 42 m Hthk @ 25. 85 g/t KMC-727 A results pending KMC-700 E 2. 48 m Hthk @ 19. 42 g/t
september, 2000 20 drills working – 18 definition, 2 exploration 2 km. 7 km. KMC-707 1. 44 m Hthk @ 5. 18 g/t KMC– 590 D in progress KMC– 699 results pending KMC-689 2. 42 m Hthk @ 25. 85 g/t KMC-727 A results pending KMC-700 E 2. 48 m Hthk @ 19. 42 g/t KMC– 640 D 2. 56 m Hthk @ 25. 11 g/t KMC– 693 A 3. 78 m Hthk @ 6. 34 g/t KMC-615 B 2. 63 m Hthk @ 16. 25 g/t
phase I development update general overview • april 2001 startup • on budget
phase I development update infrastructure • 138 km powerline completed • water pipeline commissioned
phase I development update process facilities • construction of plant and infrastructure 67% complete • all major equipment is on site • mill startup 2001
phase I development update potential for expansion • 4, 000 tonnes per day • 6, 000 tonnes per day
phase I development update shaft sinking • production shaft at 320 meters • first station excavated • shaft in production in 2 Q, 2001 • three ventilation shafts completed
phase I development update underground development • 9, 300 meters completed – 25% over feasibility • 3 Tanzanian development crews
phase I development update underground development • grades consistent – thickness 10% greater • 121, 000 tonnes @ 16 g/tonne stockpiled
phase I development update training / staffing • 50 Tanzanian development operators trained • 60 Tanzanians in training for process and maintenance • expatriate recruitment nearly complete
phase I development update community and environment • employee housing • World Bank environmental standards
EAST phase II MAIN phase I 4 km. 2 km.
phase II east zone • 12/13 grams per tonne • 500 -1000 tpd mining rate • adds 100, 000 oz. to production • decline to begin early 2001 • 12 months to access ore
phase II east zone • 2002 program • delineate current reserve • carry out further exploration • begin development • 2003 production • $40 million capital expenditure
WEST phase III EAST phase II MAIN phase I 4 km. phase IV 2 km.
phase III west zone • surface drilling to date • • greater widths / higher grades requires main shaft to access zone by drift phase IV deep main zone • great holes at depth • develop later in decade
property summary present • total cash costs: $130 per /oz • total production costs: under $200 per /oz • increase reserves • reduce costs potential
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