AHK Gold Company initiates drilling operations in Egypt's Wadi Dabur region

AHK Gold Company, owned by In2Metals, a Sawiris family company through Lamancha, has initiated its first drilling operations in the Wadi Dabur region within the scope of the exploration license granted to the company in 2022 in the Eastern Desert.

 

Egyptian businessman, Naguib Sawiris announced, through a tweet on X, that the initial drilling aims to cover 10,000 meters within two months, with the potential for expansion based on anticipated results.

 

He added that this aligns with the company's new strategy, formulated after its acquisition by "In2Metals" in August. The strategy aims to expedite drilling pace and expand exploration activities using cutting-edge mining technologies.

 

Wadi Dabur is one of four areas (including Wadi El-Gindi, Gebel El-Shalul, and Gebel Um Arafa covering a total area of about 1,566 square kilometers) won by AHK Gold in the first round of the global gold bid (1) for 2020. The Egyptian Mineral Resources Authority in the Eastern Desert presented this bid.