Port-au-Prince.– A Montreal-based mining company has announced plans to explore the mountains of north-eastern Haiti for gold and copper.
Majescor Resources Inc will explore the site in a partnership with Simact Mining Holding Inc, a Long Island, New York-based consortium of Haitian-American investors.
Majescor President Marc-Andre Bernier said the company is encouraged by explorations that Eurasian Minerals Inc is conducting at a nearby site.
Gold and copper were found in the Caribbean nation decades ago, but Haiti's instability and lack of infrastructure have discouraged investment. A Barrick Gold Corp site about 130 miles (210 kilometers) southeast in the Dominican Republic is estimated to contain 20.4 million ounces of gold.