07:21 AM EDT, 09/16/2025 (MT Newswires) -- Barrick Mining Corporation ( B ) was at last look up 0.5% in US premarket trade Tuesday as it said updated studies show its 100%-owned Fourmile project in Nevada is "cementing its position as one of the century's greatest gold discoveries".

Backed by ongoing 2025 evaluation results and the 2024 mineral resource, the new preliminary economic assessment (PEA) underscores Fourmile's rare combination of grade, scale and exploration upside, confirming its potential to become "one of the world's leading gold producers", the company added.

"Fourmile is emerging as a multi-generational project," says Barrick President and Chief Executive Mark Bristow. "With the ongoing exploration drilling results, we expect to double the resource by the end of this year and, even more excitingly, we are continuing to define significant high-grade orebody extensions underpinning the current exploration upside estimate of 32-34Mt @ 15 - 16g/t outside of our current 2024 mineral resource. As a result, Fourmile is rapidly competing to be the largest and highest-grade gold discovery this century."

Brisow was speaking today at the Mining Forum Americas in Colorado Springs.