The gold discoveries, known as Red Hill and Goldrush, are located on highly prospective ground.

The company said that, based on the results of wide spaced drilling, it has outlined two zones of gold mineralization along a seven-kilometer long trend, and the mineralization is primarily hosted in a favorable carbonate unit and has a tabular geometry.

Majority of the mineralization intersected to date is refractory and occurs at depths between 150m and 500m.

The company initially carried out a drill program at Red Hill to test for deeper sulfide mineralization below an area of shallow oxide mineralization, and this program was successful in identifying favorable carbonate stratigraphy.

An inferred resource of 3.5 million ounces of gold from 28,756,602 tons grading 0.123 ounces per ton gold has been defined at Red Hill and mineralization remains open in all directions.

According to the company, an in-fill and extension drill program is underway at Red Hill to upgrade and expand the resource.

Following successful results at Red Hill, further drilling two kilometers south along the projected strike intersected 0.894 ounces per ton gold over 67.2ft.

Follow-up drilling intersected the targeted horizon along strike and confirmed the discovery of a new zone of mineralization known as Goldrush, Barrick said.