The application is the first step in the process of securing exploration and exploitation permits in the requested area, where Barrick’s carried out exploration two years ago.
“Discovery and development are the true drivers of value, and our strong focus on exploration is evident in our widespread hunt for new discoveries with Tier One potential as well as reserve replenishment opportunities,” president and CEO Mark Bristow said in a statement.
The gold giant has also been active in three additional exploration prospects, including the Pataqueña vein (in Puno) and the Libélula (Áncash) project .
Late last year, Barrick inked an option agreement with fellow Canadian company Xali Gold (TSX-V: XGC) for the Tres Marias gold-silver property in the Puno District of southern Peru.
The deal granted Barrick the right to buy 1% of the royalty, for a single one-time payment of $750,000, which, in turn, will reduce Xali’s…
