The world’s largest gold miner Barrick Gold has entered into a new joint venture (JV) agreement with Canadian junior Loncor Resources, which has properties in the Ngayu gold belt, about 220 km from the Barrick-operated Kibali mine.
The TSX-listed junior announced this week that its 76.29%-owned subsidiary Adumbi Mining has entered into a JV agreement with Barrick for two exploitation permits covering ground contiguous to the Imva area within the Ngayu gold belt.
This is in addition to the JV agreement between Loncor and Barrick, covering 1 894 km2 of ground in the Ngayu belt.