Barrick Gold Initiates Copper and Gold Exploration in Jamaica

Barrick Gold Corporation plans to drill for gold and copper in Jamaica in partnership with Geophysx Jamaica. The collaboration aims to explore promising mineral deposits, with drilling scheduled for 2025, pending approvals. Barrick’s venture is seen as a new opportunity for mining exploration, building on geological similarities to the Dominican Republic, where substantial mineral resources exist.

Barrick Gold Corporation, the second-largest gold and copper miner globally, has announced plans to initiate drilling for gold and copper in Jamaica this year. In a strategic move, Barrick has partnered with Geophysx Jamaica, a local exploration company, to investigate the island for potential mineral sites. The collaboration aims to analyze extensive geological data, identifying promising targets for mineral exploration, with follow-up drilling scheduled for 2025, contingent upon permitting approval.

Geophysx Jamaica, led by Robert Stewart, is invested in developing a comprehensive ore map of Jamaica, having secured multiple exploration licenses from the Ministry of Mining. The partnership with Barrick allows access to a significant land area of approximately 4,000 square kilometers. Barrick believes that Jamaica represents a “new frontier” for mineral exploration, markedly similar in geology to the Dominican Republic, which is home to the Pueblo Viejo gold mine, one of the largest in the Americas.

Since its inception in 1983, Barrick has established a formidable presence in the international mining industry, operating across four continents, including ongoing mineral exploration activities in countries such as Canada, the United States, Argentina, and Chile, among others. This venture marks a significant milestone for both Barrick and Jamaica, emphasizing the potential for economic development through mineral resource exploration.

In summary, Barrick Gold’s partnership with Geophysx Jamaica signifies a noteworthy shift towards gold and copper exploration in Jamaica. This initiative lays the groundwork for substantial economic opportunities and potentially positions Jamaica as an important player in the global mining sector. The geological similarities to the Dominican Republic also enhance the prospects of the venture, supporting an optimistic outlook for future explorations and economic benefits within the region.

Original Source: jamaica.loopnews.com