Geodrill Secures Significant New Drilling Contracts for 2015
Geodrill Limited has announced that the Company has been awarded a significant drilling contract with SEMAFO Inc., a Canadian-based mining company with gold production and exploration activities in West Africa.
The contract with SEMAFO in Burkina Faso is for a minimum 100,000 meters of exploration drilling at its various Burkina Faso projects. The drill program includes a combination of reverse circulation and core drilling using three to four multi-purpose drill rigs.
Geodrill has also secured new drilling contracts with existing clients including, Kinross Gold Corporation who has extended its current drilling contract for 2015 at the Chirano Gold Mine in Ghana and Endeavour Mining Corporation in the Ivory Coast.
"We are pleased to have been awarded multi-rig, multi-million dollar contracts with top-tier gold companies expanding our footprint in our core geographic regions," said Dave Harper, President and CEO of Geodrill Limited. "These contracts demonstrate the value of our high-performance fleet of rigs and highly-skilled labour force. They are also an encouraging sign of recovery in what remains a challenging mineral drilling market."