Currently viewing Global edition

Alicanto drilling two projects in Guyana

Barrick Gold (CN:ABX) is about half way through its spending commitment to earn a 65% interest in the Arakaka project in Guyana, managing director Travis Schwertfeger of joint venture partner Alicanto Minerals (AU:AQI) told Mining Journal at the Precious Metals Summit in Beaver Creek, Colorado.

Alicanto drilling two projects in Guyana Alicanto drilling two projects in Guyana Alicanto drilling two projects in Guyana Alicanto drilling two projects in Guyana Alicanto drilling two projects in Guyana

Field visit at Arakaka in Ghana

Barrick has to spend US$8 million on exploration and then make a US$2 million payment to Alicanto to earn its interest.