4 Exploration Companies Barrick Gold (TSX: ABX) has Invested In


Major miners need to boost their reserves, and one way for them to do that is to invest in junior mining exploration corporations to find the next great deposit.

Here is a list of the companies that Barrick Gold (TSX-V: ABX) has invested in.

1) ATAC Resources (TSX-V: ATC)

ATAC is a Yukon-based exploration company focused on developing Canada's only known Carlin-type gold district alongside Barrick at its Rackla Gold Property. ATAC and Barrick have partnered to explore the Rackla Gold Property's Orion Project, with Barrick having the option to earn up to a 70% interest in Orion by spending $55 million in exploration.

http://www.atacresources.com/

2) Alicanto Minerals (ASX: AQI)

Alicanto is an ASX-listed mineral exploration Company focused on the exploration and development of a portfolio of gold projects in the prospective geological province of the Guiana Shield in South America.

Its main project, the Arakaka Gold Project, lies in an area that has been the source of more the 1Moz of alluvial and saprolite gold production, with a 100-year mining history. 

The project covers an area of over 300km2 which is 100% held by Alicanto Minerals Ltd. and fully funded by Barrick Gold Corp. earning a 65% interest in the project with a US$10m funding commitment over 4 years from 1 March 2016.

http://www.alicantominerals.com.au

3) Royal Road Minerals (TSX-V: RYR)

Royal Road Minerals was founded in 2010 by the original founders and shareholders of Lydian International Ltd. Whilst at Lydian, the team discovered, financed and developed the +5 million oz Amulsar Gold deposit in Armenia.

Barrick agreed to purchase 9,875,876 ordinary shares at a purchase price of 16 cents per share for for $5-million.   Royal Roads Minerals is exploring for Copper and Gold deposits in Central and South America.    

https://www.royalroadminerals.com/

4) Midas Gold (TSX-V: MAX)

Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.  

Midas Gold Corp. entered into an agreement with Barrick Gold Corp., whereby Barrick will purchase 46,551,731 common shares of Midas Gold for $38,065,907 (U.S.). The investment will result in Barrick owning 19.9 per cent of the issued and outstanding shares in Midas Gold.

Barrick's investment supports Midas Gold's continued efforts to permit the Stibnite gold project so that Midas Gold can build and operate a world-class mining operation that addresses legacy environmental impacts and generate economic benefits to the local community.

https://www.midasgoldcorp.com/

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