Mining company Barrick Gold announced an extensive exploration partnership with Geophysx Jamaica, the nation’s leading mining exploration company. This agreement gives Barrick access to approximately 4,000 square kilometers of land throughout the country, with a favorable geological environment. The partnership will allow Barrick to obtain up to an 80% joint venture interest in designated properties. Barrick will act as operator, using Geophysx’s technical and financial resources to achieve new world-class discoveries.
A new impetus for exploration in Jamaica
Barrick Gold, one of the world’s leading mining companies, has announced a strategic partnership with Geophysx Jamaica for the exploration of land in the country. This agreement will allow Barrick to expand its operations in a prospective and underexplored region. The company will have access to a consolidated portfolio of properties and will work closely with Geophysx to obtain significant new discoveries.
Benefits for Jamaica and local communities
Through this partnership, Barrick Gold seeks to not only promote economic growth in Jamaica, but also work for the benefit of the country and local communities. With the support of the Government of Jamaica, projects that generate employment and sustainable development will be implemented. This partnership will combine Geophysx’s capabilities and presence on the island with Barrick’s technical and financial resources to achieve positive results for all parties involved.
Geophysx: leader in mineral exploration in Jamaica
Geophysx is recognized as the leading mineral exploration company in Jamaica. Over the past six years, it has carried out an intense nationwide exploration program, including geochemical sampling, geological mapping and aerial geophysical surveys. These works have provided high-quality data that will allow the two companies to move quickly towards defining objectives and accelerate the potential discovery of new resources in the region.
A promising partnership for Jamaica’s economic development
The partnership between Barrick Gold and Geophysx represents a promising opportunity for Jamaica’s economic development. This alliance combines Barrick’s experience and knowledge in the exploration and development of mining projects with Geophysx’s vision and commitment to modern and responsible exploration. Both companies will work together to transform Jamaica’s natural resources into tangible benefits and promote mutual prosperity.
