Barrick Secures Egyptian Exploration Licenses
July 27, 2021 10:21 ET | Source: Barrick Gold Corporation Barrick Gold Corporation Toronto, Ontario, CANADA
TORONTO, July 27, 2021 (GLOBE NEWSWIRE) Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has been awarded four exploration licenses for 19 blocks following its participation in the International Bid-Round (1)/2020 led by the Egyptian government for exploration of gold and associated minerals in the highly prospective Eastern Desert region of the country. The Eastern Desert is part of the Proterozoic Arabian Nubian Shield, which hosts the giant Sukari deposit and numerous other gold occurrences, but which has seen no recent systematic exploration.
Barrick intends to work closely with the Egyptian Mineral Resource Authority (EMRA) and other participating exploration and mining companies, over the period of a year, to finalize the terms of Egypt’s exploitation license agreement
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Barrick secures Egyptian exploration licenses | Companies
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Barrick secures Egyptian exploration licenses
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