{"id":781477,"date":"2018-06-19T17:00:39","date_gmt":"2018-06-19T17:00:39","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=781477"},"modified":"2018-06-19T17:00:39","modified_gmt":"2018-06-19T17:00:39","slug":"barrick-gold-walks-away-from-guyana-joint-venture-project-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=781477","title":{"rendered":"Barrick Gold walks away from Guyana joint venture project"},"content":{"rendered":"

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

Shares in Australian gold explorer Alicanto Minerals (ASX:AQI) took a major hit on Tuesday after the company revealed that partner Barrick Gold had pulled out of their Arakaka gold venture project<\/a> in Guyana.<\/p>\n

Alicanto, which will retain 100% of the project, said it would now look to capitalize on the Barrick-funded work, taking the opportunity to focus on higher-grade targets not tested during the earn-in period.<\/p>\n

The Canadian gold giant had spent $7.1 million on exploration at Arakaka, just shy of the $8 million it was required to invest to earn 65% under a March 2016 earn-in agreement. Its work identified multiple targets, including a number of higher grade prospects that sat outside Barrick’s size criteria, Alicanto said.<\/p>\n

Shares in Alicanto fell as much as 25% on the news, closing at only 5.8 Australian cents on Tuesday, down from 7.6 cents.<\/p>\n

Previous explorers at Arakaka, including Newmont Mining, have spent more than $20 million on the project.<\/p>\n

Alicanto also owns the Ianna gold project, 25km south-east of Arakaka.<\/p>\n

The post Barrick Gold walks away from Guyana joint venture project<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Cecilia Jamasmie Shares in Australian gold explorer Alicanto Minerals (ASX:AQI) took a major hit on Tuesday after the company revealed that partner Barrick Gold had pulled out of their Arakaka gold venture project in Guyana. Alicanto, which will retain 100% of the project, said it would now look to capitalize on the Barrick-funded work, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/781477"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=781477"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/781477\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=781477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=781477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=781477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}