Barrick finds new ore body.....The following article surfaced in the Brandon Sun. Here's hoping it's extends to Everton's property. Anybody have any more info?
BusinessThursday, August 2nd, 2007
Barrick discovers new ore body at 30-year-old mine in Dominican Republic
Canadian Press
TORONTO (CP) - Barrick Gold Corp. (TSX:ABX) has discovered a new ore body at its Pueblo Viejo mine at Monte Oculto, between two open pits at the 30-year old project in Dominican Republic.
However, the company is not going to alter its mining schedule or plans as a result of the discovery, as it wants to keep to its timelines to take advantage of current high gold prices, said CEO Greg Wilkins.
"We're going to keep the scope of the project as is for now," said Wilkins.
"We're going to consider that it has potential for phased expansion in the future. We're not going to stop and redefine it now," Wilkins said, adding it could turn into a "trap" with additional delays.
About $20 million was spent in the second quarter on the Pueblo Viejo project to advance the project design and engineering, exploration, community development programs and evaluation of electric power sources.