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Alicanto Minerals Ltd to raise funds following Barrick Gold partnering

Alicanto Minerals Ltd to raise funds following Barrick Gold partnering

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.

 

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