Barrick Gold Corporation plans to drill for gold and copper in Jamaica this year through a partnership with Geophysx Jamaica. The collaboration aims to explore significant mineral deposits, with drilling scheduled for 2025 pending permits. Geophysx holds multiple licenses to support this initiative. Barrick sees Jamaica as a new frontier, with geological similarities to the Dominican Republic.
Barrick Gold Corporation, recognized as the world’s second-largest gold and copper mining entity, has announced its intention to commence drilling operations for gold and copper in Jamaica this year. This initiative is part of a partnership formed in 2024 with Geophysx Jamaica, aimed at investigating potential mineral deposits on the island.
Comprehensive data analysis from Geophysx, along with field reconnaissance, has revealed significant district-scale targets that hold promise for porphyry and epithermal mineralization. Pending necessary permitting approvals, drilling is slated to occur in 2025.
Geophysx, spearheaded by Robert Stewart, who is the son of the renowned hotelier Gordon ‘Butch’ Stewart, has made substantial investments toward developing an extensive ore mapping of Jamaica. The company has secured multiple licenses from the Ministry of Mining to further its exploration endeavors.
Barrick regards its initiative in Jamaica as “a new frontier for gold and copper exploration” enabled through an earn-in agreement with Geophysx, granting access to an expansive 4,000 km² of land for sample collection. Additionally, Barrick has noted geological resemblances between Jamaica and the Dominican Republic, where the Pueblo Viejo gold mine is situated, recognized as one of the largest gold mines in the Americas.
Founded in 1983, Barrick operates in multiple regions across four continents, extending beyond Jamaica to include countries such as Canada, the United States, and several others in Latin America, Africa, and the Middle East.
In summary, Barrick Gold Corporation’s ambitious plans to explore for gold and copper in Jamaica signify a significant development in the region’s mining landscape. Their collaboration with Geophysx Jamaica aims to leverage geological data to identify substantial mineral deposits, with drilling activities anticipated to commence in 2025. This venture not only highlights Jamaica’s potential in the mining sector but also strengthens Barrick’s global operation portfolio.
Original Source: jamaica.loopnews.com
