Drilling rig

Sunward to Showcase 38 Equipment at bauma CHINA 2020

Sunday, November 22, 2020 - 2:26am

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.
  • During the exhibition, Sunward will display the integrated solutions as well as a wide range of construction equipment including excavator, rotary drilling rig, rock drilling equipment, mobile crusher, telescopic crane, and the tunnel boring machine.
  • The company has got significant independent intellectual property rights and core competitiveness in more than ten product lines including underground engineering equipment, a full range of excavators, rock drilling equipment, special equipment, mining equipment, lifting machinery, hydraulic components and general aviation equipment.
  • Its tough high-end equipment have exported to more than 100 countries and regions around the world
    At bauma CHINA 2020, Sunward will be welcoming visitors at the brand new outdoor stand D76 & D80.

Callinex Intersects 5.00m of 10.63% CuEq and 5.40m of 4.43% CuEq 65m Step-out at the Rainbow Discovery in the Flin Flon Mining District, MB

Wednesday, November 18, 2020 - 1:00pm

The Rainbow Discovery has been made on Callinex's mineral lease, less than250m from a high-voltage power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, MB ( Pine Bay Plan View ).

Key Points: 
  • The Rainbow Discovery has been made on Callinex's mineral lease, less than250m from a high-voltage power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, MB ( Pine Bay Plan View ).
  • Max Porterfield, President and CEO, stated, "The exceptional high-grade drill results announced to date make Rainbow a bonafide discovery within the Flin Flon Mining District."
  • Together, we believe the Rainbow Discovery has the potential to extend Flin Flon's rich mining history and in turn benefit our shareholders."
  • The two drill rigs will continue to operate to delineate the Rainbow Discovery until mid-December for a brief holiday break and resume drilling in early January 2021.

Drilling Rig Market- Archer Ltd., China Oilfield Services Ltd., Helmerich & Payne Inc., Among Others to Contribute to the Market Growth| Industry Analysis, Market Trends, Opportunities and Forecast 2020-2024

Friday, November 13, 2020 - 9:35pm

The drilling rig market is poised to grow by USD 18.35 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period.

Key Points: 
  • The drilling rig market is poised to grow by USD 18.35 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period.
  • View the full release here: https://www.businesswire.com/news/home/20201113005412/en/
    Technavio has announced its latest market research report titled Global Drilling Rig Market 2020-2024 (Graphic: Business Wire)
    The report on the drilling rig market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
  • The drilling rig market analysis includes application segment and geography landscape.
  • This study identifies the growing demand for new-generation automated drilling rigs as one of the prime reasons driving the drilling rig market growth during the next few years.

Water Well Drilling Services Market to Reach $3.90 Bn, Globally, by 2027 at 4.7% CAGR, Says Allied Market Research

Wednesday, November 11, 2020 - 1:40pm

Rising use of water well for irrigation purposes, service innovation, and service innovations drive the growth of the global water well drilling services market.

Key Points: 
  • Rising use of water well for irrigation purposes, service innovation, and service innovations drive the growth of the global water well drilling services market.
  • PORTLAND, Ore., Nov. 11, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, " Water Well Drilling Services Market by Application (Residential, Irrigation and Institutional), and Drilling Method Type (Rotary Drilling, Cable tool drilling & Auger drilling and Others): Global Opportunity Analysis and Industry Forecast, 20212027".
  • As per the report, the global water well drilling services industry was pegged at $2.83 billion in 2019, and is projected to reach $3.90 billion by 2027, growing at a CAGR of 4.7% from 2021 to 2027.
  • Rise in use of water wells for irrigation purposes, service innovation, and service innovations drive the growth of the global water well drilling services market.

O3 Mining Increases to Six Rigs in Val D'Or, Quebec

Tuesday, November 10, 2020 - 11:00am

TORONTO, Nov. 10, 2020 /PRNewswire/ -O3 Mining Inc. (TSXV: OIII)("O3 Mining" or the "Corporation") is pleased to announce it has increased the number of drill rigs to six for its Alpha and Malartic properties in Val D'Or Quebec, Canada.

Key Points: 
  • TORONTO, Nov. 10, 2020 /PRNewswire/ -O3 Mining Inc. (TSXV: OIII)("O3 Mining" or the "Corporation") is pleased to announce it has increased the number of drill rigs to six for its Alpha and Malartic properties in Val D'Or Quebec, Canada.
  • O3 Mining is well-capitalized and holds a 100% interest in properties in Qubec (435,000 hectares) and Ontario (25,000 hectares).
  • O3 Mining controls 61,000 hectares in Val D'Or and over 50 kilometres of strike length of the Cadillac-Larder Lake Faut.
  • O3 Mining also has a portfolio of assets in the James Bay and Chibougamau regions of Qubec.

Newcore Gold Announces Significant Increase to On-Going Drill Program at The Enchi Gold Project, Ghana

Thursday, November 5, 2020 - 11:15am

VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU) is pleased to announce a significant expansion of its ongoing drill program at its 100% owned Enchi Gold Project ("Enchi" or the "Project") in southwest Ghana.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU) is pleased to announce a significant expansion of its ongoing drill program at its 100% owned Enchi Gold Project ("Enchi" or the "Project") in southwest Ghana.
  • Newcore is fully funded to complete an expanded drill program at Enchi post closing of a $15 million brokered equity financing on November 4, 2020.
  • Addition of 50,000 metres to the on-going drill program, including RC drilling focused on near-surface oxide gold targets and diamond drilling focused on targets at depth.
  • Newcore announced the start of an 8,000 metre RC drill program at Enchi on August 12, 2020 .

Sonoro Announces Initial Drilling Results and Fast-Track to Gold Production in 2021

Wednesday, November 4, 2020 - 2:00pm

These results reflect all assays received to date from the Companys ongoing RC drilling program focused on expanding four of the 17 gold mineralization zones at Cerro Caliche.

Key Points: 
  • These results reflect all assays received to date from the Companys ongoing RC drilling program focused on expanding four of the 17 gold mineralization zones at Cerro Caliche.
  • The Company expects that these results will contribute to establishing a significant addition to Cerro Caliches existing 201,000 gold equivalent (AuEq) inferred resource estimate1.
  • Furthermore, an air-track drill rig is scheduled to commence shallow percussion drilling to investigate continuity of mineralization between the mineralized zones.
  • I expect both efforts, in addition to our high-grade drilling program, should produce an exceptional and exciting 2021 for Sonoros shareholders.

Silvercorp Intersects 0.92 Metres Grading 6,455 g/t Silver, 10 g/t Gold and 5.28% Lead at the LME Mine, Ying Mining District, China

Tuesday, November 3, 2020 - 10:05pm

Extensive exploration drilling and tunneling are ongoing at the LME mine, and all other mines at the Ying Mining District.

Key Points: 
  • Extensive exploration drilling and tunneling are ongoing at the LME mine, and all other mines at the Ying Mining District.
  • So far, 13,515 metres (m) from a total of 53 diamond drill holes, including 47 underground holes and six surface holes, have been completed.
  • Eight rigs have been drilling at the LME mine since July 2020 to continue identifying these types of easily accessible zones.
  • In addition to drilling, a total of 4,180m of exploration tunnels have been developed at the LME mine during the period.

Global Offshore Drilling Rigs Market (2020 to 2024) - Featuring Archer, Nabors Industries and Valaris Among Others - ResearchAndMarkets.com

Tuesday, November 3, 2020 - 2:55pm

The author has been monitoring the offshore drilling rigs market and it is poised to grow by $ 3.92 billion during 2020-2024 progressing at a CAGR of 4% during the forecast period.

Key Points: 
  • The author has been monitoring the offshore drilling rigs market and it is poised to grow by $ 3.92 billion during 2020-2024 progressing at a CAGR of 4% during the forecast period.
  • The reports on offshore drilling rigs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The offshore drilling rigs market analysis includes type segment and geographic landscapes.
  • This study identifies the high potential of offshore marginal fields as one of the prime reasons driving the offshore drilling rigs market growth during the next few years.

Northern Vertex Announces 13,700 Meter Phase II Drill Program to Follow Successful 18,300 Meter Phase I Program at Its Moss Mine Gold Project in NW Arizona

Tuesday, November 3, 2020 - 1:15pm

The Phase II program will immediately proceed upon the conclusion the Company's current Phase I, 18,000-meter drilling and resource expansion program.

Key Points: 
  • The Phase II program will immediately proceed upon the conclusion the Company's current Phase I, 18,000-meter drilling and resource expansion program.
  • 2020/21 Phase II Drilling Program:
    The Phase II infill and near mine drilling program is scheduled to commence in November 2020 and extend through February 2021.
  • The Phase II program will employ three drilling rigs and will begin with an initial 13,700 meters of drilling across multiple targets.
  • About Northern Vertex Mining Corp.
    Northern Vertex Mining Corp. owns and operates the Moss Mine, currently the largest pure gold and silver mine in Arizona.