New Orperu Resources Inc NOPUF

Progress at Lagunas Norte

[Chreca1]

Lagunas Norte, PeruA first principles rebuild of the 3D geological model was delivered using a new lithostructural framework for the orebody. It will be leveraged into a new resource estimate and geo-metallurgical model prior to the end of 2020. The updated geological model is based on results from a significant data compilation program that commenced during the first quarter of 2020, which includes all historical drilling, production sampling (blast holes) and pit mapping to ensure the foundation of the new model is based on all available data. This data compilation program resulted in a fully re-constructed project database, inclusive of all known project sampling data. A preliminary infill and expansion drill program for leach ore commenced in the third quarter of 2020 and is ongoing.In the Lagunas Norte district, compilation and analysis of over 20 years of historic mapping has been followed by the construction of 21 east-west and 3 north-south traverse geological sections in the field, allowing for the verification of historical information and to enhance current geological understanding. This upgraded geological model reveals district scale preservation control to mineralization and opens new targets. We are currently incorporating all data into a new and robust 3D model.

https://s25.q4cdn.com/322814910/files/doc_financial/quarterly_results/2020/q3/Barrick-Q3-2020-Report.pdf