TORONTO - Scientists will have an additional three months, until the end of April, to submit their ideas about how to recover the silver from BARRICK GOLD's Veladero gold mine in Argentina. Barrick is offering a US$10-million "performance bonus" to the originator of a process that will boost silver recovery where conventional processes have failed.
"We've had a very positive response so far from the global scientific and technical community," said Dr. Peter Kondos, manager of research and development. "We want to give researchers the time they need to develop, refine and submit their proposals. We want to generate as many submissions as possible from around the world."
The company has received 51 preliminary proposals to date. With 1,200 scientists already registered as participants to obtain detailed technical information, more submissions are expected as the deadline approaches. Registrants come from 35 countries, including Argentina, Australia, Canada, Chile, China, England, Germany, India, Peru, the United States, and many others.
Those who have already submitted proposals may update or revise their material prior to the April 30 deadline, if they wish. Details are available at www.UnlockTheValue.com.