EXPLORING FOR GOLD IN EGYPT
THE WORLD'S LAST UNEXPLORED GREENSTONE BELT
In 2021, Red Sea Resources emerged as one of the select few companies awarded exploration blocks in Egypt’s international bid round — an event that attracted industry leaders such as Barrick Gold, B2Gold, and Centamin. Despite Egypt’s rich geological potential and a millennia of prospecting, only one commercial gold mine, the Sukari Mine, has been developed. Previously discovered and operated by Centamin, the company and their 49% ownership of Sukari were recently acquired by AngloGold Ashanti for $2.5 billion. The remaining 51% of Sukari is owned by the Egyptian Government, a condition set by old Egyptian Mining Law. The acquisition has pushed global interest in Egypt’s gold potential to an all-time high.
Egypt’s greenstone belt rivals’ world-class gold-producing regions like Timmins and Yilgarn, yet it remains almost entirely unexplored. Red Sea Resources has secured three highly prospective properties—Oasis, Luxor, and RAH—totaling 753 km² within this last untapped frontier. As a first mover in this emerging global gold district, our extensive research and fieldwork confirm that we are positioned in the right geology, with early exploration results, historical data, and artisanal mining activity all pointing to a world-class discovery.
We firmly believe Egypt holds additional world-class deposits on the scale of Sukari, and our dedicated team is committed to uncovering the next major discovery. With an active exploration program underway and drilling scheduled for 2025, Red Sea Resources is on track to redefine Egypt’s gold industry. A go-public strategy will follow, marking the next phase in our journey to unlock this vast mineral wealth.
Now is the time to explore Egypt’s untapped gold potential and Red Sea Resources is set to lead the way.
Egypt holds the last remaining unexplored greenstone belt, presenting a rare and significant opportunity for gold exploration and world-class discoveries. Despite its rich geological history, very little of the country has been subjected to modern exploration techniques, and many areas have never seen a drill hole.
We are among just a select few companies, who have been granted licenses to explore in Egypt, positioning us at the forefront of an emerging gold region. For centuries, the area has been known for its gold-rich surface deposits, with ancient civilizations prospecting these lands for valuable minerals. However, due to past governmental restrictions, modern exploration has been severely limited, leaving most surface anomalies untested. Recent regulatory changes in neighboring countries such as Sudan, Saudi Arabia, Ethiopia, and Eritrea have already led to world-class gold discoveries. Egypt offers a similar geological setting and, with deregulation now underway, represents an exciting opportunity for major discoveries.
In 2021, through extensive due diligence and strategic decision-making, Red Sea successfully secured three top-tier exploration properties, covering a vast 753 km² within the highly prospective Arabian-Nubian Shield. This acquisition was part of an international bid round that attracted leading industry players, including Barrick, B2Gold, and Centamin. The presence of such major mining companies underscores the region’s immense potential, and Red Sea is well-positioned to capitalize on this emerging opportunity.
The Abitibi Greenstone Belt is one of the most prolific gold-producing regions in the world, having yielded an astonishing 200 million ounces of gold. It is home to 124 mines and numerous operators, including industry giants such as Newmont and Osisko. The region also hosts Canada’s largest gold mine, the Malartic, which continues to produce significant quantities of gold. Abitibi’s success story serves as a testament to the potential of greenstone belts when properly explored and developed.
Located in Australia, the Yilgarn Craton is responsible for two-thirds of the country’s total gold production. This region has given rise to numerous world-class deposits, including Mount Charlotte, Norseman, Sunrise Dam, Sons of Gwalia, St Ives-Kambalda, Tarmoola, Wallaby, and Wiluna. Among its most famous sites is the Super Pit, one of the largest open-pit gold mines in the world, producing an impressive 800,000 ounces of gold annually. Yilgarn’s rich mining history demonstrates the immense value that structured exploration can unlock.
Unlike Abitibi and Yilgarn, Egypt remains unexplored, which has led to a lack of major gold discoveries. To date, the country has only one commercial gold mine, Sukari. However, history has shown that underexplored greenstone belts often yield multiple world-class deposits once modern exploration techniques are applied. Given the geological similarities to other gold-rich regions, it is almost inconceivable that Egypt will not follow suit, uncovering new deposits and expanding its mining industry in the years to come.
Oasis, Luxor, and RAH are three highly prospective properties situated within the world’s last unexplored greenstone belt. Each of these sites has already yielded significant high-grade discoveries, confirming their potential for world-class gold deposits. With modern exploration techniques now being applied, these properties are primed for drill testing, marking the next crucial step in unlocking their full potential, and leading Red Sea to a transformative discovery.
Through two years of rigorous reconnaissance, extensive research, and on-the-ground site visits, our geological team carefully selected 753 km² of highly promising exploration ground. This strategic acquisition comprises three separate blocks, each chosen for its strong gold potential. Our meticulous approach ensures that we are exploring in the most prospective areas, maximizing our chances of making major discoveries.
Our properties are strategically located within highly favorable geology, aligning with historical mining activity and modern exploration insights. Early results, combined with historical data and evidence of extensive artisanal mining, strongly indicate that we are in the right place at the right time. With new discoveries in hand and emerging, we are on track to uncover a world-class deposit, further solidifying Egypt’s position as a major player in the global gold industry.
Please click the link below to view our 2025 corporate presentation.
Adrian O'Brien
VP Business Development & Communications
#1205 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Main Line: +1 604-809-6890
Email: aobrien@redsearesources.com