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Bonterra Announces Start of 2026 Exploration Program at Phoenix JV with Gold Fields, Highlighted by Deep-Drilling at Barry Deposit [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
pleased to announce details of the 2026 exploration program, which includes deep-drilling at Barry, being led by a 100% indirect subsidiary of Gold Fields Ltd (" Gold Fields ") at the Phoenix JV (the " Project "). The Project is under a definitive earn-in and joint venture agreement (the " JV Agreement ") with Gold Fields. Under the JV Agreement, Gold Fields has the right to acquire a 70% interest in the Project by spending C$30 million in work expenditures, with a minimum spending commitment of C$10 million per year over a three-year period (see press release dated November 28, 2023, for more details). To date, over 79,000 meters (" m ") have been drilled and approximately C$25 million invested on the Project under the JV Agreement. Marc-André Pelletier, President and CEO commented: "The 2026 exploration program proposed by Gold Fields, particularly the deep drilling at the Barry deposit, aimed at testing mineralization at depth and along the eastern down-plunge, represents an impo Show less Read more
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