Drill

Great Bear Completes Phase 1 Grid Drilling to 450 m Depth at LP Fault: 440 Holes, 222,500 m Drilled Since May 2019 Discovery

Retrieved on: 
Wednesday, July 28, 2021
Science and technology, Technology, Articles, Oil well, Drilling, Borehole, Drill

Chris Taylor, President and CEO of Great Bear said, "We have now completed 440 drill holes at the LP Fault, and our Phase 1 drill grid is substantially complete to an average 450 metres depth along over 4 kilometres of strike length.

Key Points: 
  • Chris Taylor, President and CEO of Great Bear said, "We have now completed 440 drill holes at the LP Fault, and our Phase 1 drill grid is substantially complete to an average 450 metres depth along over 4 kilometres of strike length.
  • Great Bear has approximately $83 million in cash on hand and is funded through 2022.
  • In total, Great Bear has completed 630 drill holes totaling 283,000 metres into all gold zones since beginning drilling at the Dixie Project in summer 2017.
  • Great Bear Resources Ltd.is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.

Global Underground Mining Diamond Drilling Market Expected to Exceed $660 Million by 2026

Retrieved on: 
Tuesday, July 27, 2021
Construction, Drill, Tools, Oil well, Economy, Science and technology, Economic sectors

The drill holes in this Program concentrated on infilling historic drilling in the DAC and GAP Zones, and confirmation of historic drilling which identified mineralization in these areas.

Key Points: 
  • The drill holes in this Program concentrated on infilling historic drilling in the DAC and GAP Zones, and confirmation of historic drilling which identified mineralization in these areas.
  • "Our team worked diligently to complete the program as efficiently and safely as possible, while coming in well under budget.
  • The average market price for gold in Q2 was $1,816 per ounce, while the average market price for copper in Q2 was $4.40 per pound.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Global Underground Mining Diamond Drilling Market Expected to Exceed $660 Million by 2026

Retrieved on: 
Tuesday, July 27, 2021
Construction, Drill, Tools, Oil well, Economy, Science and technology, Economic sectors

PALM BEACH, Fla., July 27, 2021 /PRNewswire/ -- Underground mining diamond drilling is the process of extracting core samples from the earth. This is an exploratory process that determines the structural strength of mineral composition for construction projects or potential mining. Diamond coring bits are majorly used in the exploration phase of the mining industry. Underground mining diamond drilling includes of diamond core drill bits, which are equipped with drilling systems, for example, rotary or wireline drilling systems. Deployment of efficient coring drilling rings in the exploration phase entails extensive capital investment. Mining companies invest significantly in installation and testing of mined samples over coring systems. Growing the demand for base metals such as nickel, lead, copper, and zinc and precious metals for instance gold, silver, and diamond is expected to boost investments in the metal mining business. This is possible to augment the demand for diamond core drill bits that are used in underground mining of hard rocks. Diamond core drill bits are mostly employed in the exploration industry, especially for hard rocks, as the penetration of diamond bits is high regarding that of other materials. Active stocks in the mining markets this week Clarity Gold Corp. (OTCPK: CLGCF) (CSE: CLAR), Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), Osisko Gold Royalties Ltd (NYSE: OR) (TSX: OR), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Kinross Gold Corporation (NYSE:KGC) (TSX:K).

Key Points: 
  • The drill holes in this Program concentrated on infilling historic drilling in the DAC and GAP Zones, and confirmation of historic drilling which identified mineralization in these areas.
  • "Our team worked diligently to complete the program as efficiently and safely as possible, while coming in well under budget.
  • The average market price for gold in Q2 was $1,816 per ounce, while the average market price for copper in Q2 was $4.40 per pound.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Pancon Intersects 106 Meters of 1.07 g/t Gold and 0.26% Copper, Including 45 Meters of 2.03 g/t Gold and 0.52% Copper, in Hole 8 at Brewer

Retrieved on: 
Monday, July 26, 2021
Minerals, Crystallography, Materials, Construction, Drill, Tools, Diamond, holE, Orex Exploration

Hole 10 is located 50 meters east of this north-south section and thus not shown in Figure 2.

Key Points: 
  • Hole 10 is located 50 meters east of this north-south section and thus not shown in Figure 2.
  • To date, Pancon has completed 14 diamond drill holes at the Brewer Gold & Copper Project with another four diamond drill holes to be completed before the end of Phase 2.
  • The Company expects results from Holes 11 and 12 in August, and results from Holes 13 and 14 in September.
  • In January 2020, Pancon won the exclusive right to explore the former Brewer Gold Mine property.

CA Permit Approvals For New Well Drills Are Down 64% For The First Six Months; Consumer Watchdog Urges Governor To Seize Golden Opportunity To Move From Fossil Fuels

Retrieved on: 
Monday, July 26, 2021
Science and technology, Oil well, Newsom, Drill, Well drilling, Technology, Inventions

"Governor Newsom now has a golden opportunity to seize the moment and come forward with a decisive transition plan off of fossil fuels that includes switching oil workers away from production toward desperately needed well remediation."

Key Points: 
  • "Governor Newsom now has a golden opportunity to seize the moment and come forward with a decisive transition plan off of fossil fuels that includes switching oil workers away from production toward desperately needed well remediation."
  • "Overall, rates of both permit approvals and counts of permit applications to drill new wells have dropped in 2021," said Kyle Ferrar, Western Program Coordinator at FracTracker Alliance.
  • "While the market traditionally drives permit application counts, Governor Newsom now has the opportunity to reduce the expansion of oil extraction.
  • (See Table 1 at: https://consumerwatchdog.org/energy/ca-permit-approvals-new-well-drills-... )Permit approvals to rework wells, including re-drilling, unclogging, and deepening, fell 36%.

Imperial Reports Red Chris Production and Exploration Update for 2021 Second Quarter

Retrieved on: 
Thursday, July 22, 2021
Industrial processes, Science and technology, Petroleum geology, Technology, Drilling rig, Petroleum engineering, Borehole, Drilling, Oil well, Drill

During the second quarter there were up to eight drill rigs in operation, completing 26 drill holes for a total of about 30,055 drilled metres.

Key Points: 
  • During the second quarter there were up to eight drill rigs in operation, completing 26 drill holes for a total of about 30,055 drilled metres.
  • Since the commencement of the Joint Venture in 2019, 137 drill holes totalling about 166,686 metres have been drilled.
  • Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release.
  • Red Chris samples for the 2021 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver.

NSJ Gold Corp. (NSJ) Announces Expansion of Gold-Copper-Iron Mineralization at Golden Hills, Arizona, USA

Retrieved on: 
Monday, July 19, 2021
Drilling, Machining, Woodworking, Drill, Oil well, Science and technology, Economy, Economic sectors

All findings from the recent drill program and geophysics will be used to plan the next phase.

Key Points: 
  • All findings from the recent drill program and geophysics will be used to plan the next phase.
  • Holes will be planned to expand on and confirm previous high grade gold hits, including the twinning of previous holes.
  • Fences of drill holes are planned to expand on existing mineralization, with a resource report being generated after the next round of drilling.
  • NSJ holds an option to acquire a 100% interest in the Golden Hills Project (the "Property") in Arizona, USA, subject to a 3% net smelter returns royalty.

Cerrado Gold Intercepts 41.65m at 2.51g/t Au, 10.8m at 2.83g/t Au, 4.23m at 17.22g/t and 18.8m at 3.4g/t Au from Its Phase 2 District Drilling Program at Monte Do Carmo Project in Brazil

Retrieved on: 
Wednesday, July 14, 2021
Oil well, Serra, Drill, Science and technology, Technology, Economy

Results include mineralized lateral step outs in the Eastern Sector of Serra Alta beyond the current extent of the high-grade domain.

Key Points: 
  • Results include mineralized lateral step outs in the Eastern Sector of Serra Alta beyond the current extent of the high-grade domain.
  • The Phase II drill program plan includes a total of 14,000m of drilling at the Serra Alta Deposit (Figure 1) and other satellites including Capito, Fartura and Ferradura.
  • The exploration objective is to ultimately define a multimillion ounce gold district that will support a long-standing mining project.
  • As previously disclosed, Cerrado has retained Micon International to complete a resource update after the successful Phase 1 drill program completed in April.

Northwest Copper Doubles Size of East Niv Property and Provides an Update on Kwanika Drilling to Date

Retrieved on: 
Thursday, July 15, 2021
Niv, Drill, Articles

A highly prospective exploration project, East Niv presents an opportunity to discover a brand-new copper-gold porphyry deposit within a Tier 1 jurisdiction.

Key Points: 
  • A highly prospective exploration project, East Niv presents an opportunity to discover a brand-new copper-gold porphyry deposit within a Tier 1 jurisdiction.
  • East Niv is located in an under-explored area that has seen very limited prior surface work and will be drilled for the first time this summer.
  • Peter Bell, President & CEO of NorthWest states: We are eagerly anticipating our first drill tests of the East Niv target.
  • Crews are preparing to begin field work ahead of a planned 2,750 metre phase I drill program at East Niv.

Getchell Gold Corp. Provides Update for the 2021 Drill Program at the Fondaway Canyon Gold Project and for the Star Copper-Gold-Silver Project, Nevada

Retrieved on: 
Tuesday, July 13, 2021
Construction, Drill, Tools, Articles, Music, Economic sectors

The 2021 drill program at the high-grade Star Copper-Gold-Silver project is scheduled to commence upon completion of the Fondaway Pediment target area drill hole.

Key Points: 
  • The 2021 drill program at the high-grade Star Copper-Gold-Silver project is scheduled to commence upon completion of the Fondaway Pediment target area drill hole.
  • The Star project is located approximately 60 kilometres north of Fondaway Canyon.
  • Upon completion of the drill program at Star, the drill will return to Fondaway Canyon with the plan to drill through to the end of the year.
  • The 2021 drill core will be processed using the same methods for the 2020 drill program.