Mill Canyon has always looked like the most challenging and interesting in our portfolio. It is a complex fascinating puzzle of multiple major events over millions of years that make it so. The field trip, conversations with Raul and Marcus, solo's angles on it, the past papers / drill data on it and the recent research report add to the excitement for me. we just need to find the time and the money to get there.

So it is with great interest to see how the progress is developing on the Cortez Hills project which is VERY close by ( less then one mile away) and there is strong potential that mill could equal or surpass Cortez? high hopes but we'll see. there are indications that it is possible.

recent news items-

Name and Location
Cortez Hills gold project, Nevada, US.

Project Description
The development of the Cortez Hills gold project will include the development of two openpits and twin exploration declines to delineate the underground potential. The ore from the two pits will be conveyed across the valley to be processed at existing facilities. The average yearly production from Cortez is expected to be anything from 950 000 oz to one-million ounces of gold for the first full five years of production.

Value
Preproduction capital costs are estimated at $500-million. ( they are certainly happy to commit large funds to establish this place)

Duration
The project is expected to start contributing to Barrick Gold Corporation's production base in the first half of 2010.

Client
Barrick Gold Corporation.

Key Contracts and Suppliers
None stated.

Latest Developments
Barrick Gold Corporation has announced that the Federal Bureau of Land Management has issued a record of decision (RoD) approving the environmental impact statement for the Cortez Hills project.

The RoD is effective as of November 12, 2008.

On Budget and on Time?
The project is on track with its initial capital budget of $500-million.

Contact Details for Project Information
Barrick Gold Corporation,
tel +1 416 861 9911 or fax +1 416 861 2492.