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Barrick bets on Greenfields

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Barrick bets on Greenfields
Early-stage exploration remains the bedrock of the mining industry. Image credit: Leon Louw for WhyAfrica

Barrick bets on Greenfields

Greenfields exploration is the lifeblood of the mining industry in Africa and around the world.

By Leon Louw, owner of WhyAfrica and editor of the WhyAfrica magazine.       

It is hard to predict the long-term future supply of any mineral, metal, or commodity without keeping a finger on the pulse of greenfields exploration, not only of the multinational companies, but also of smaller exploration companies and junior miners.

Tracking exploration projects across Africa is one of our favourite pass times at WhyAfrica. Although we love following very early-stage exploration project by junior miners, we also follow the large multinational companies, as we realise what they do in terms of exploration, is what will keep the mining industry alive in the future, and in a way one can determine which regions will become important as demand for commodities increase.

While having our morning “Tracking exploration projects in Africa” fun yesterday morning we came across this important piece of exploration information shared by mining giant Barrick, a prolific explorer of Africa’s natural resources.

Exploration projects in progress

“With seven operations, Barrick’s Africa and Middle East region is its busiest in terms of brownfields exploration. However, there is also extensive greenfields exploration work in progress.

  • On the Bambadji joint venture in Senegal, Barrick interpreted a highly anomalous, 26km long corridor of increased strain and alteration which contains significant gold mineralisation along its length.
  • At the Loulo-Gounkoto gold project in Mali, the team at Barrick has started testing the extensions to open, high-grade mineralisation beneath the Yalea, Gounkoto and Baboto deposits.
  • In Côte d’Ivoire, the Boundiali gold project’s permit was reissued with a significant conversion drilling program being completed at the Fonondara target as part of the program to evaluate its potential as a Tongon satellite ore source.
  • At the company’s prolific Kibali Gold in the Democratic Republic of Congo (DRC), strong drilling results through the year on multiple targets continue to confirm the prospectivity of the principal structures around the KCD deposit.
  • In Tanzania, Barrick continued to consolidate ground in the most prospective parts of the country, including establishing a new large scale exploration footprint on a highly endowed and under explored belt away from their current operations.
  • Barrick is doing generative work across the Copper Belt of the DRC and Zambia where they are evaluating multiple opportunities in copper.
  • In the Arabian Nubian shield, Barrick is progressing projects with exciting results in Saudi Arabia and in Egypt.

Tracking exploration projects across Africa

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Barrick bets on Greenfields

Barrick bets on Greenfields
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 Barrick bets on Greenfields

 

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