Drilling rig

Helmerich & Payne, Inc. Announces Fiscal Second Quarter 2021 Conference Call and Webcast

Retrieved on: 
Monday, April 5, 2021
Energy, Other Manufacturing, Manufacturing, Oil, Gas, Helmerich & Payne, Helmerich, Petroleum production, Drilling rig, Petroleum industry

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.

Eloro Resources Closes C$25 Million Bought Deal Financing

Retrieved on: 
Friday, March 26, 2021
Initial public offering, Finance, Corporate finance, Money, Bookrunner, Underwriting, Bought deal, Drilling rig, Economy

The Offering was underwritten on a bought deal basis by Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the Underwriters).

Key Points: 
  • The Offering was underwritten on a bought deal basis by Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the Underwriters).
  • The Company intends to use the net proceeds from the Offering mainly for continued exploration and development of the Companys Iska Iska project in Bolivia.
  • On February 16, 2021, Eloro announced the addition of a second drill rig to commence drilling on the Central Breccia Pipe target.
  • Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec.

Flow Metals Confirms Local High-Grade Gold at Glacier Creek

Retrieved on: 
Thursday, March 25, 2021
Economic geology, Mining, Academic disciplines, Placer mining, Drilling rig, Placer deposit, Placer

Scott Sheldon, CEO of Flow Metals comments: "The RAB drilling at upper Glacier Creek and the results from south of Miller Creek show high-grade gold occurs underneath the placer workings as well as in the intervening mountains with the potential for continuity.

Key Points: 
  • Scott Sheldon, CEO of Flow Metals comments: "The RAB drilling at upper Glacier Creek and the results from south of Miller Creek show high-grade gold occurs underneath the placer workings as well as in the intervening mountains with the potential for continuity.
  • We are keen to follow-up the three mineralized zones at upper Glacier Creek, and our new shallow high-grade target south of the historic Miller Creek."
  • The focus of the recently completed drill program was to confirm a local source for the placer gold.
  • Flow Metals is a Canadian gold explorer with a focus on early-stage gold projects in renowned mining districts.

Heliostar Heading Back to Unga, Alaska to Commence 2021 Exploration Program with Three Drill Rigs

Retrieved on: 
Thursday, March 25, 2021
Petroleum engineering, Science and technology, Drilling rig, Petroleum geology, Oil well, Technology, Drill, Articles

The favourable climate in southwestern Alaska allows an early start to our 2021 program and a longer exploration season to expand on last year's successful work program.

Key Points: 
  • The favourable climate in southwestern Alaska allows an early start to our 2021 program and a longer exploration season to expand on last year's successful work program.
  • The team is currently mobilizing to site to establish the field camp and drilling will commence in early April.
  • A total of three drill rigs will be employed: a diamond drill will continue to expand mineralization beneath the SH-1 resource while two RC drill rigs will step out from the Aquila discovery and the Apollo-Sitka veins.
  • The RC drill rigs will also be used to rapidly evaluate new targets at Unga.

Liberty Gold Announces Final Results from Reverse Circulation Drilling at Black Pine, Idaho: 4.34 g/t Oxide Gold over 22.9 m including 10.8 g/t Au over 6.1 m in LBP258; 1.14 g/t Oxide Gold over 44.2 m in LBP259

Retrieved on: 
Wednesday, March 24, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Oil well, Mining, Inventions, Science and technology, Economy

Significant oxide gold intercepts were obtained from the D-2, D-3, D-1 Southeast Extension, M Zone and Rangefront Zone.

Key Points: 
  • Significant oxide gold intercepts were obtained from the D-2, D-3, D-1 Southeast Extension, M Zone and Rangefront Zone.
  • With the completion of assaying from the 2020 drill program, work has commenced on a maiden mineral resource estimate, with completion expected in Q2, 2021.
  • We are happy to finalize all of the RC drilling from the 2020 program, which was highly successful by any measure, commented Cal Everett, President and CEO of Liberty Gold.
  • The 2020 program resulted in a significant new discovery at the D-3 zone, and virtually all of the regional targets returned mineralized intercepts.

Portofino Reports Drill Crew Mobilized to Site - Gold Creek Project

Retrieved on: 
Tuesday, March 23, 2021
Sapawe, Atikokan, Shebandowan, Portofino, Drilling rig, Oil well, Melema, Inventions, Geography of Ontario, Science and technology

Vancouver, British Columbia--(Newsfile Corp. - March 23, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce that further to its March 16 news release, a drill rig has now been mobilized to its Gold Creek, Ontario project and drilling has begun.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 23, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce that further to its March 16 news release, a drill rig has now been mobilized to its Gold Creek, Ontario project and drilling has begun.
  • The known gold zones were re-located and sampled, including the AF-U Zones, the S1 Zone and the I Zone.
  • This newly discovered zone may be mineralized for at least 300 meters and is proximal to the Crayfish Creek Fault.
  • In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.

GoGold Resources Discusses the Potential of Their Los Ricos Silver Exploration Project with The Stock Day Podcast

Retrieved on: 
Thursday, March 18, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Drill, Economic sectors, Science and technology, Articles

"The real driver of the operation is our exploration development asset, Los Ricos," said Langille.

Key Points: 
  • "The real driver of the operation is our exploration development asset, Los Ricos," said Langille.
  • "We initiated a 100,000 meter drill program in Los Ricos north last summer, and we had nine drill rigs running up there."
  • "The big news in 2021 is going to be in Los Ricos north; we're really hitting some big results up there.
  • "Most importantly, we have, if not the best one of the best, undeveloped silver assets in Mexico with our Los Ricos exploration development asset."

Kuya Silver Launches Initial Bethania Drill Program

Retrieved on: 
Thursday, March 18, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Drill, Economic sectors, Science and technology, Articles

Vancouver, British Columbia--(Newsfile Corp. - March 18, 2021) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya") is pleased to announce that it has commenced the Phase 1 drill program at the Bethania Project, located in Central Peru.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 18, 2021) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya") is pleased to announce that it has commenced the Phase 1 drill program at the Bethania Project, located in Central Peru.
  • Kuya has planned to drill 5,000 metres in this Phase 1 program (see Figure 1 for drill plan).
  • The first diamond drill is currently on site with two additional drill rigs arriving in the coming weeks to complete the program.
  • In addition, Kuya expects to complete a National Instrument 43-101 technical report, including a resource estimate on completion of the drill program.

Royal Road Minerals Recommences Drilling and Reports Further Positive Results from Its Caribe Gold Discovery; Nicaragua

Retrieved on: 
Wednesday, March 17, 2021
Petroleum geology, Drilling rig, Petroleum engineering, Petroleum

Toronto, Ontario--(Newsfile Corp. - March 17, 2021) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce further interim drilling results and that it has recommenced drilling at its Caribe gold discovery in northeastern Nicaragua.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - March 17, 2021) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce further interim drilling results and that it has recommenced drilling at its Caribe gold discovery in northeastern Nicaragua.
  • Royal Road's exploration team discovered the Caribe project during reconnaissance exploration in February of 2018.
  • In 2019, Royal Road and Hemco completed an initial 4-hole, exploratory drilling program at Caribe which returned promising results for gold (see Press Release October 7, 2019).
  • Drilling was suspended whilst a drilling rig with more depth capacity was sourced.

Calibre Announces Positive Pavon Gold Mine Pre-Feasibility Study; Pavon Norte Currently in Production; Strong Exploration Potential; After-tax NPV5% at US$1,700 gold of $106 Million

Retrieved on: 
Tuesday, March 16, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Pavon, Petroleum

The Pavon project represents a newly emerging gold district in Nicaragua in a region that has remained largely underexplored by modern methods.

Key Points: 
  • The Pavon project represents a newly emerging gold district in Nicaragua in a region that has remained largely underexplored by modern methods.
  • Pavon Norte and Central in combination with the Pavon South vein system also host additional inferred resources totaling 63,000 ounces of gold averaging 3.39 g/t.
  • Two diamond drill rigs are currently testing the potential for lateral and vertical extensions and to the Pavon Norte and Central vein systems.
  • Calibre Mining is a Canadian-listed gold mining and exploration company with two 100%-owned operating gold mines in Nicaragua.