FTSE 250 gold miner African Barrick Gold has hiked its previous resources estimates for the Tusker deposit at the Nyanzaga Project in Tanzania. The updated in-pit resource is in excess of four million ounces (Moz) of gold (Au), consisting of 3.481Moz at a grade of 1.47g/t Au indicated and 0.598Moz at 2.05g/t Au inferred, a fourfold increase on the initial estimates of 0.313Moz indicated and 0.650Moz inferred.
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