American Barrick Goldstrike Operation in Elko Nevada - A Summary of the Operation and Future Expansions

"American Barrick Resources Corporation acquired the goldstrike property in north eastern Nevada in early 1987. Since that time, the company has undertaken an extensive development program. This paper will overview the milling, autoclaving, and heap leaching facilities which are part of the $400-million Betze development plan. Gold production at the Mine has increased from 40,000 ounces per annum in 1987 to more than 500,000 ounces in 1991. And in 1992 Goldstrike will be the single largest North American gold mine when it produces 1,000,000 ounces.1. SUMMARYAmerican Barrick Resources Corporation acquired the Goldstrike property in northeastern Nevada in early 1987. Since that time, the company has undertaken an extensive development program. This paper will overview the milling, autoclaving, and heap leaching facilities which are part of the four year, $440- million Betze Development Plan. Gold production at the Goldstrike Mine has increased from 40,000 ounces per annum in 1987 to more than 500,000 ounces in 1991. In 1992, Goldstrike will be one of the largest North American gold mines, when it produces appro approximately 1,000,000 ounces.2. INTRODUCTIONAmerican Barrick Resources Corporation is in the process of developing the Betze gold deposit, located on Barrick's Goldstrike property in the Carlin area of Nevada, U.S.A.The Goldstrike Mine has 17.9 million ounces of proven and probable reserves and an additional 460,000 ounces of possible reserves. Additionally, the Purple Vein deposit, one mile north of the Mine, is expected to add at least 4 million ounces of reserves by year end 1991.The Goldstrike ore body contains both oxide and sulphide ore. The largest part of the reserves are contained in the high grade, deep sulphide ore. Mining of the sulphide ore contained in the Betze deposit involves the removal of large quantities of overlying oxide ore. Oxide ore is treated through one of the following processes:-"