Drilling rig

Gold Prices Continue to Fluctuate Early in the Year

Retrieved on: 
Tuesday, January 19, 2021
Science and technology, Drilling rig, Petroleum engineering, Petroleum geology, Mining, Pure Gold, Oil well, Drill, Articles, Economy

Generally, these are the kinds of conditions in which gold prices thrive.

Key Points: 
  • Generally, these are the kinds of conditions in which gold prices thrive.
  • Kitco reports that the top 20 gold miners are projected to lose about 5% of their total 2020 gold output primarily due to the pandemic and related restrictions.
  • Pure Gold Mining Inc.(TSX-V: PGM) (OTC: LRTNF) reported back in December that first gold has been poured at the Company's high-grade PureGold Mine in Red Lake, Ontario.
  • Drilling is planned to resume in early February 2021 with four drill rigs, and to continue throughout 2021.

Drilling Underway at White Metal's Taranis Copper-Silver Project, Namibia

Retrieved on: 
Thursday, January 14, 2021
Economic geology, Mineral economics, Mining, Primary sector of the economy, Mineral exploration, Mining in Canada, National Instrument 43-101, Drilling rig, Natural Resources

The Project includes the historical mineral resources of the Okohongo Copper-Silver Deposit (the "Okohongo").

Key Points: 
  • The Project includes the historical mineral resources of the Okohongo Copper-Silver Deposit (the "Okohongo").
  • Michael Stares, President & CEO of the Company, stated, "The aim of this drilling program is to generate an NI 43-101 compliant mineral resource estimate and technical report on the Okohongo.
  • In addition to the RC drilling program (3 000 m planned), a reconnaissance geological mapping and sampling program is planned over the Property.
  • Historical Mineral Resources for the Okohongo Copper-Silver Project, Namibia.

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

Retrieved on: 
Wednesday, January 13, 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.

Liberty Gold Announces Results from Metallurgical Core Drilling at Black Pine, Idaho - 3.32 g/t Au over 47.4 m Including 12.5 g/t over 5.8 m in LBP214C

Retrieved on: 
Tuesday, January 12, 2021
Petroleum engineering, Petroleum geology, Science and technology, Drilling rig, Industrial processes, Inventions, Drilling, Oil well, Core drill, rc, Orex Exploration

They will also provide a valuable comparison to reverse circulation (RC) drill holes in the same areas and provide material for specific gravity testing.

Key Points: 
  • They will also provide a valuable comparison to reverse circulation (RC) drill holes in the same areas and provide material for specific gravity testing.
  • Included in this release are holes from the D-1 Southeast Extension, D-2 and D-3 mineralized zones in the Discovery Focus Area.
  • Large diameter core drilling yielded outstanding results in three zones, including two that were newly identified in 2020.
  • Results are similar to those returned in nearby RC holes, providing further validation for using RC drilling.

New Found Gold Doubles Drill Program to 200,000 Meters and Increases to 8 Drill Rigs at Queensway

Retrieved on: 
Wednesday, January 6, 2021
Drilling rig, Petroleum engineering, Petroleum geology, Drill, Queensway, Petroleum industry, Science and technology, Articles

With this expansion to 200,000 meters of drilling, the revised budget for the Queensway program commencing January 1, 2021 is approximately $35 million.

Key Points: 
  • With this expansion to 200,000 meters of drilling, the revised budget for the Queensway program commencing January 1, 2021 is approximately $35 million.
  • The Company currently has approximately $67 million in working capital and is well funded to support this expanded program.
  • Following the holiday break, drilling has now resumed at the Queensway with four drill rigs currently on site.
  • The Company is advancing arrangements for four additional drills and anticipates finalizing contracts and mobilizing these drills by February 2021.

Global Solid Control Equipment Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Monday, December 28, 2020
Other Manufacturing, Manufacturing, Petroleum geology, Petroleum, Articles, Petroleum industry, Petroleum production, Petroleum engineering, Drilling rig, Environmental impact of hydraulic fracturing, Drilling fluid, Oil well, Oil platform, Hydraulic fracturing

KES Energy Equipment Manufacturing Hebei Co. Ltd

Key Points: 
  • KES Energy Equipment Manufacturing Hebei Co. Ltd
    Solid control equipment is used in oil & gas upstream sector, to separate the solid particles out of the drilling fluid.
  • A centrifuge is another process in the solid control equipment, which is primarily used to segregate solid particles of around 5 microns.
  • The technological developments in hydraulic fracturing have supported the oil & gas drilling activities on the onshore region, resulting in high demand for solid control equipment.
  • Moreover, as of April 2020, the United States has nearly 374 active drilling rigs, using solid control equipment on both onshore and offshore platforms.

RJK Explorations Outlines Diamond Sampling Program on Its Bishop Property Kimberlites

Retrieved on: 
Tuesday, December 22, 2020
Physical sciences, Chemistry, Minerals, Economic geology, Kimberley, Northern Cape, Kimberlite, Diamond, Drilling rig, Carbon, Well drilling

RC Drilling can be used for both initial exploration of potential kimberlite targets and diamond sampling, thus reducing RJK's overall discovery costs moving forward.

Key Points: 
  • RC Drilling can be used for both initial exploration of potential kimberlite targets and diamond sampling, thus reducing RJK's overall discovery costs moving forward.
  • Previous small-diameter drilling was meant to discover kimberlites and determine potential for diamonds, however, overall recovery of the kimberlite material was poor due to the soft nature of the Bishop kimberlites.
  • RJK will mobilize the RC drill for the purpose of diamond sampling and recovery, testing the Paradis, Robin's Place, Gleeson and HSM kimberlites bodies.
  • RC equipment RJK will be using in 2021:
    To view an enhanced version of this graphic, please visit:
    Mr. Peter Hubacheck, P.

Liberty Gold Announces Drill Results from Five Regional Targets at Black Pine, Idaho

Retrieved on: 
Tuesday, December 22, 2020
Industrial processes, Drilling rig, Petroleum engineering, Petroleum geology, Science and technology, Drilling, Inventions, Borehole, Oil well

Gold was encountered in each drill hole, including significant anomalous but below reportable cut-off gold mineralization in several holes.

Key Points: 
  • Gold was encountered in each drill hole, including significant anomalous but below reportable cut-off gold mineralization in several holes.
  • Liberty Gold drilled a total of 46,227 m in 170 holes in 2020, including 43,875 m of RC and 2,342 m of core drilling.
  • In addition to RC drilling, Liberty Gold is expanding the drill permit area to access an additional 4.6km2 of the Black Pine gold system.
  • Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.

Barrick to Commence Drilling with Two Drills at Precipitate's Pueblo Grande Project, Dominican Republic

Retrieved on: 
Tuesday, December 15, 2020
Pueblo Viejo, Drilling rig, Barrick Gold, Petroleum

Barrick has also provided Precipitate an update on exploration activities conducted to date as part of its earn-in agreement (the "Agreement") whereby Barrick has the right to earn a 70% interest in the Company's Pueblo Grande Project located immediately adjacent to Barrick's world-class Pueblo Viejo gold-silver mine in the Dominican Republic.

Key Points: 
  • Barrick has also provided Precipitate an update on exploration activities conducted to date as part of its earn-in agreement (the "Agreement") whereby Barrick has the right to earn a 70% interest in the Company's Pueblo Grande Project located immediately adjacent to Barrick's world-class Pueblo Viejo gold-silver mine in the Dominican Republic.
  • Barrick has advised the Company that drilling will be conducted by two drill rigs simultaneously testing two distinct areas.
  • Jeffrey Wilson, Precipitate's President & CEO, stated, "We are excited to see drilling get underway at our Pueblo Grande project and we are pleased with the work completed to date by Barrick's Dominican exploration team.
  • With two drills turning, we anticipate an efficient drill program with analytical results to follow in due course."

Ring Energy, Inc. Initiates Year End Drilling Program

Retrieved on: 
Thursday, December 3, 2020
Oil, Gas, Energy, Petroleum geology, Science and technology, Drilling rig, Petroleum engineering, Inventions, Oil well, Well drilling, Drilling, Economy, Hydraulic fracturing in the United States, Offshore drilling on the Atlantic coast of the United States

After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year.

Key Points: 
  • After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year.
  • These wells will be paid for out of cash surplus currently on hand.
  • It is important during volatile markets like these to protect our future cash flows and strengthen our balance sheet.
  • Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.