https://www.miningweekly.com

Barrick approves exploration funding for Guyana earn-in

11th December 2017

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – US gold major Barrick Gold has elected to continue funding the Arakaka gold project, in Guyana, in which it could earn up to 65% by spending $10-million.

ASX-listed junior Alicanto Minerals, which is the operator of the Arakaka project, said on Monday that Barrick had agreed to fund the third contract year of the earn-in, initially announced in 2016.

The approved 2018 exploration budget includes 3 500 m of diamond core drilling on the project’s Xenopsaris target area, to follow up on the 2017 exploration programme that had identified primary gold mineralisation.

Results from 2017’s trenching include 6 m at 8.33 g/t gold; 22 m at 2.02 g/t gold, including rock chips up to 162.23 g/t; and 33.68 g/t gold peak rock chips in 17 m at 0.7 g/t gold.

Xenopsaris is the southern extension of the 15 km long zone of gold anomalism located in the Gomes-Ianna corridor and is host to the Gomes Hill prospect.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.17 0.205s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: