Where are the properties with the biggest concentrations of gold deposits?
RP: If you’re a large gold explorer – a Barrick (Barrick Gold Corporation (ABX.NYSE, TSX, LSE, BOURSE) or a Newmont (Newmont Mining Corp. NYSE: NEM) — you’re looking for the biggest gold deposits. There are many varieties of gold deposits, genetically speaking, in terms of how they form, and you’re always looking for the biggest. Some deposit types more commonly form the large deposits such as Carlin type found in Nevada. Another type of gold deposit being mined by other companies is the low sulfidation style like the Round Mountain deposit in Nevada and the Fruta del Norte deposit. Companies tend to explore by genetic model types. You will look for types that are most prevalent in your area so that you can find big gold deposits. TGR: Are there more genetic types that would yield big gold deposits yet to be discovered? RP: We’re always looking for that new model. The Carlin gold deposits were recognized in the ’60s as a unique new class of ore. The Witwatersrand deposits in South Afri
