Exploration Briefs - May 2016

Lundin Gold has initiated exploration drilling on five regional targets near its Fruta del Norte gold project in southern Ecuador. A 26-hole, 10,500-m drill program is planned on high-priority targets located 15 to 20 km south of Fruta del Norte. The drilling is planned to be carried out in two phases, with the first phase comprising 20 holes totaling approximately 7,500 m. Based on first-phase results, a second phase of follow-up drilling is anticipated, with current plans calling for up to an additional 3,000 m.

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Exploration Briefs April 2016

Barrick Gold has signed an agreement with Alicanto Minerals granting Barrick the option to earn a 65% interest in Alicanto’s Arakaka gold project in northwest Guyana. Funding requirements for Barrick total $10 million, including $8 million in exploration expenditures over a period of four years and a $2 million cash payment to Alicanto at the completion of the earn-in expenditure.

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Exploration Briefs - March 2016

Alecto Minerals has entered into a joint venture agreement with Randgold Resources (Mali) to explore and develop Alecto’s 137 km2 Kossanto West gold project in western Mali. Randgold will hold a 65% interest and Alecto will retain a 35% participating interest in the project’s permits. Randgold will fund all costs up to and including completion of a prefeasibility study.

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Exploration Briefs - February 2016

Hammer Metals has signed an earn-in and joint-venture agreement with Newmont Exploration covering the Overlander, Even Steven and Dronfield iron oxide copper-gold (IOCG) targets on Hammer’s Mount Isa project in Queensland, Australia. Newmont Exploration is a subsidiary of Newmont Mining; Hammer is an Australian junior company headquartered in Mount Lawley, Western Australia, a suburb of Perth.

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