A geologic update from the Battle Mountain district, Newmont’s Phoenix Project

Exploitation of gold, copper, and silver ores from the Battle Mountainmining district,
best known for the world-class Fortitude gold skarn deposit, dates back to the
mid-1860’s. Since January 2001 Newmont Mining Corporation has been developing
the district, concentrating on drilling Antler Sequence rocks untested by Battle
MountainGold. Logging of core and reverse-circulation (RC) drill hole cuttings from
development drill programs and pit mapping have led to new insights into some
aspects of the district geology.