Barrick Commissions Africa’s First PhotonAssay Laboratory
10 October 2021 - 7:00PM
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) in partnership with
MSALABS Ltd has successfully installed a Chrysos PhotonAssayTM
laboratory at its Bulyanhulu mine in Tanzania — the first in Africa
and in its global operations.
This new technique delivers faster, safer and more
accurate analysis of gold, silver and complementary elements by
non-destructive measurement of larger and more representative
samples in as little as two minutes, enabling rapid turnaround of
critical operational information that drives optimization
throughout the mining value chain.
The system provides an environmentally friendly,
chemical-free, more sustainable replacement for traditional fire
assay methods, significantly reducing CO2 emissions and hazardous
waste.
Introducing the new system to media at the mine,
Barrick president and chief executive Mark Bristow said it was part
of the group’s continuing drive to harness technological innovation
in the service of operational excellence, occupational safety and
environmental care.
Enquiries
President and CEOMark Bristow+1 647 205 7694+44 788
071 1386
COO, Africa and Middle EastWillem Jacobs +44 779
557 5271
Investor and Media RelationsKathy du Plessis+44 20
7557 7738Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained or incorporated by
reference in this press release, including any information as to
our strategy, projects, plans, or future financial or operating
performance, constitutes “forward-looking statements”. All
statements, other than statements of historical fact, are
forward-looking statements. The words “deliver”, “enable”,
“optimization”, “provides”, “continue”, “will” and similar
expressions identify forward-looking statements. In particular,
this press release contains forward-looking statements including,
without limitation, with respect to the anticipated benefits of the
new PhotonAssay laboratory at Bulyanhulu, including faster, safer
and more accurate sample analysis and resulting improvements in
operational efficiency and environmental performance, and other
improvements resulting from Barrick’s focus on technological
innovations throughout the group.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions including material
estimates and assumptions related to the factors that, while
considered reasonable by the Company as at the date of this press
release in light of management’s experience and perception of
current conditions and expected developments, are inherently
subject to significant business, economic, and competitive
uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking statements, and undue reliance should not be
placed on such statements and information. In addition, there are
risks and hazards associated with the business of mineral
exploration, development and mining, including environmental
hazards, industrial accidents, unusual or unexpected formations,
pressures, cave-ins, flooding and gold bullion, copper cathode or
gold or copper concentrate losses (and the risk of inadequate
insurance, or inability to obtain insurance, to cover these
risks).
Many of these uncertainties and contingencies can
affect our actual results and could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made in this
press release are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial
securities regulatory authorities for a more detailed discussion of
some of the factors underlying forward-looking statements and the
risks that may affect Barrick’s ability to achieve the expectations
set forth in the forward-looking statements contained in this press
release.Barrick disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
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