Proactive Investors - Run By Investors For Investors

Alicanto Minerals sets its focus on gold in Guyana

Alicanto Minerals sets its focus on gold in Guyana

Alicanto Minerals (ASX: AQI) is now firmly focused on gold exploration in Guyana, South America, with the company set to exit its Australian joint ventures.

The company has advised its partners, Maka Minerals Pty Ltd and MPF Exploration Pty Ltd, of its intention to withdraw from the Meekatharra, Yerilla and Doolgunna joint ventures.

Alicanto is currently completing a $1.3 million capital raising, with the funds to be allocated to the Arakaka gold project in the highly prospective and under-explored Northern Guyana Shield in Guyana.

New exploration activities will include a maiden drilling program.

Arakaka covers over 300 square kilometres, with Alicanto only recently acquiring the project, which is brownfields and surrounded by multi-million ounce gold mines.

Guyana is a supportive of mining, with gold the country's largest export.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full AQI profile View Profile

Alicanto Minerals Timeline

Related Articles

1547112861_Nordic-Gold---first-gold-pour.jpg
January 10 2019
Nordic poured its first gold in November and is now ramping up production

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use