logo-loader

Alicanto Minerals Ltd to raise funds following Barrick Gold partnering

Last updated: 14:00 07 Mar 2016 AEDT, First published: 13:00 07 Mar 2016 AEDT

au_australiancash350_56dcc85c2041b

Alicanto Minerals Ltd (ASX:AQI) recently clinched a potential company-making deal with global powerhouse Barrick Gold Corporation (NYSE:ABX).

Alicanto and Barrick are to partner to explore the highly rated Arakaka Gold Project in Guyana.

Barrick is not known to participate in gold projects under its investment criteria unless the size and scale of resource ounces is in the multi-millions.

The Guiana Shield is one such "play" as it hosts numerous world class and monster +3 million ounce gold deposits with discoveries to date of over 100 million ounces.

Alicanto has today entered an ASX trading halt, pending capital raising details.

The halt will remain in place until the opening of trade on Wednesday 9th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

12 hours, 5 minutes ago