American Bonanza Acquires Interest in the Iskut JV Property From Barrick Gold

American Bonanza Gold Corp. (TSX:BZA) reports it has acquired interest in Iskut JV property from Barrick Gold (TSX:ABX,NYSE:ABX).

The press release is quoted as saying:

The Iskut JV is situated immediately north of the former producing Snip Mine (1991-99, 1.03 million ounces at 25 grams per tonne gold). Among the many deposits in the Golden Triangle area is the former Eskay Creek Mine, with production in excess of 3 million ounces of gold and 160 million ounces of silver. The average grade of the deposit was 48.4 grams per tonne gold (1.56 ounces per ton) and 2,221 grams per tonne silver (71.4 ounces per ton). The Eskay Creek deposit was also estimated to contain approximately 3.2% lead, 5.2% zinc, and 0.7% copper. Production and grade data from the Snip and Eskay Creek Mines are based on publicly available information.

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