Drilling rig

Mandalay Resources Extends the Newly Discovered Shepherd Zone and Provides Update on the Costerfield Mineral System

Retrieved on: 
Tuesday, June 8, 2021

TORONTO, June 08, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the newly discovered Shepherd Zone at its Costerfield Operation in Victoria, Australia.

Key Points: 
  • TORONTO, June 08, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the newly discovered Shepherd Zone at its Costerfield Operation in Victoria, Australia.
  • During the near-term, additional underground exploration drill platforms will be developed allowing for optimum drill intercept angle, which will slow the drill rates into the Shepherd Zone.
  • Since Mandalays last release on the Shepherd Zone drilling (April 26, 2021), drilling rates have been increased with a total of four underground drill rigs operating on the program.
  • The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay.

TomaGold undertakes further exploration on Obalski

Retrieved on: 
Tuesday, June 8, 2021

TomaGold will start a 10,000-metre drilling program on its Obalski property as soon as it has access to a drill rig.

Key Points: 
  • TomaGold will start a 10,000-metre drilling program on its Obalski property as soon as it has access to a drill rig.
  • TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties.
  • TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda.
  • The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

Tudor Gold Expands Diamond Drilling on the Goldstorm Deposit with Four Drill Rigs at Treaty Creek, Northwestern B.C.

Retrieved on: 
Monday, June 7, 2021

Diamond drilling continues with four rigs on the Goldstorm Deposit, which is on-trend from Seabridge Gold's KSM Project, located five kilometres to the southwest.

Key Points: 
  • Diamond drilling continues with four rigs on the Goldstorm Deposit, which is on-trend from Seabridge Gold's KSM Project, located five kilometres to the southwest.
  • Excellent progress has been made during the first two weeks of drilling on the fully funded 30,000 metre, Phase l exploration program (the "Program").
  • We plan to prepare pad sites at other targets such as Perfect Storm (PSZ) and Eureka this month and will bring in two additional diamond drill rigs.
  • We look forward to increasing the pace and performance of this year's Program by expanding the number of drilling rigs at the Treaty Creek property.

Scorpio Gold Commences Exploration Drilling Program on Manhattan Mine, Nevada

Retrieved on: 
Monday, June 7, 2021

The drilling program commenced on the 1st of June with a total of 236 m of RC drilling completed on the first hole.

Key Points: 
  • The drilling program commenced on the 1st of June with a total of 236 m of RC drilling completed on the first hole.
  • The acquisition of the Manhattan project consolidates a large land position along the Reliance Structural Trend, which has significant exploration potential for high-grade gold targets.
  • Scorpio Gold now holds a 100% interest in the consolidated Manhattan District in Nevada comprising the advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground mine and a 400 ton per day mill facility and a 100% interest of the Manhattan Property situated adjacent and proximal to the Goldwedge property.
  • Scorpio Gold holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada.

Exploration Program Update

Retrieved on: 
Thursday, June 3, 2021

VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to provide an update on its current A$12 million exploration program for the remainder of 2021.

Key Points: 
  • VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to provide an update on its current A$12 million exploration program for the remainder of 2021.
  • The program for the remainder of 2021 also includes mechanical sorting test work from multiple projects including Novos Karratha gold project.
  • Early this year, Novo conducted exploration at its Malmsbury, Victoria joint venture where exciting targets have been generated for drill testing later this year.
  • The current RC drilling program at Skyfall is designed to provide indicative grades with a follow up program designed to expand strike extent.

Mayfair Gold Contracts Fourth Drill Rig for Regional Exploration at 100% Owned Fenn-Gib Project

Retrieved on: 
Thursday, June 3, 2021

The fourth drill rig is expected to arrive at site by mid-June and commence drilling before the end of the month.

Key Points: 
  • The fourth drill rig is expected to arrive at site by mid-June and commence drilling before the end of the month.
  • 1 km to the southwest of the Fenn-Gib deposit, where the best historical drill intersection returned 4.45 grams per tonne gold over 13.2m.
  • Based on Mayfairs success to date, steps have been taken to secure a fifth drill rig for regional exploration on the Fenn-Gib South Block.
  • Mayfair is a Canadian mineral exploration company focused on advancing the 100% owned Fenn-Gib gold project in the Timmins region of Northern Ontario.

Precision Drilling Corporation Announces Pricing of Private Offering of US$400,000,000 of Senior Notes Due 2029

Retrieved on: 
Wednesday, June 2, 2021

The Notes will be guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee Precisions revolving credit facility and certain other future indebtedness.

Key Points: 
  • The Notes will be guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee Precisions revolving credit facility and certain other future indebtedness.
  • Forward-looking information and statements in this news release include, but are not limited to, the proposed offering of Notes and the use of the net proceeds from the offering.
  • Forward-looking information and statements are based on certain expectations and assumptions made by Precision, including the assumption that the offering will be completed as proposed.
  • Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs.

Ophir Gold Corp. Announces Commencement of 2021 Drill Program with Mobilization of Roadwork Crews to the Breccia Gold Property, Idaho

Retrieved on: 
Wednesday, June 2, 2021

The roadwork contractors have mobilized to site and begun to prepare access to the first series of drill sites.

Key Points: 
  • The roadwork contractors have mobilized to site and begun to prepare access to the first series of drill sites.
  • The drill rig and field crews are anticipated to mobilize over the next week and begin set-up for the initial drill hole collar of the program.
  • The program will also target the East Breccia Zone, where in 2020 a new high-grade vein system was discovered trending parallel to the main Breccia Zone.
  • Ophir Gold Corp. is a gold exploration company focused on the exploration and development of its flagship property, the past producing Breccia Gold Property located in Lemhi County, Idaho.

Helmerich & Payne, Inc. To Participate in Virtual Conferences in June 2021

Retrieved on: 
Tuesday, June 1, 2021

Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability.

Key Points: 
  • Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability.
  • H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders.
  • Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world.
  • Helmerich & Payne uses its website as a channel of distribution for material company information.

Metallica Metals Completes EM Survey and Announces Drilling Plans on Starr Project, Thunder Bay Mining District, Ontario

Retrieved on: 
Tuesday, May 18, 2021

Final results should be received from EGL in the coming weeks and will be released once interpreted by the Company.

Key Points: 
  • Final results should be received from EGL in the coming weeks and will be released once interpreted by the Company.
  • Missinaibi Drilling have been very active in the Thunder Bay Mining District and will provide Metallica Metals with one diamond drilling rig to complete its 4,000 metre drilling program.\nPaul T\xc3\xa9ni\xc3\xa8re, CEO and Director of Metallica Metals, commented, \xe2\x80\x9cThe Company is very pleased with the progression of exploration activities across our portfolio of Ontario assets.
  • We\xe2\x80\x99re also very pleased to have signed the services of Fladgate Exploration and Missinaibi Drilling for our Starr Project.
  • They are local experts in the Thunder Bay region and will add valuable knowledge for our upcoming work on Starr.