CAIRO - 22 February 2024: Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, witnessed the signing of contracts for the airborne geophysical survey project for gold exploration using helicopter in the Hamsh/Sukari region in the Eastern Desert, in favor of BARRICK GOLD Egypt company.
The agreement was signed between the Petroleum Air Services Company and Geotech, according to a statement from the Ministry of Petroleum, Wednesday.
The project will utilize one of the working models in the company's AS350 aircraft fleet, employing "HELICOPTER-BORNE MAGNETICS (STINGER) and RADIOMETRIC" technology.
This agreement represents a core initiative to introduce modern methods and technology into the field of mineral exploration and extraction in Egypt, according to the statement.
The agreement is part of the efforts by the Ministry of Petroleum and Mineral Resources and the Egyptian Mineral Resources Authority to maximize the benefits from the mining sector's wealth.
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