Business
Contract Extension at Geita Gold Mine, Tanzania
Contract Extension at Geita Gold Mine, Tanzania.
About this update from Capital Limited
[{"type":"text","content":"\n \nRNS Number : 2232K Capital Drilling Limited 12 December 2018 \n\n\n\n\nFor Immediate Release\n\n\n12 December 2018\n\n\n\n \n \n \n \n \n \n \nCapital Drilling Limited(\"Capital Drilling\", the \"Group\" or the \"Company\")\nContract Extension at Geita Gold Mine, Tanzania\n \nCapital Drilling Limited (CAPD:LN), a leading drilling solutions company focused on the African markets, is pleased to announce that it has secured a one year extension agreement at Anglo Gold Ashanti's Geita Gold Mine, for the continuation of underground exploration and underground grade control drilling services. \n \nThe contract extension will commence in January 2019 and will utilise the existing underground drill rig fleet currently located at the site.\n \nThe underground drilling services represent a sub contract of the comprehensive drilling services contract with Geita Gold, which encompasses blast hole, grade control, delineation, exploration and underground drilling. The master contract is a five year contract running to December 2020, with Capital Drilling having commenced drilling operations at the Geita Gold Mine in 2006. \n \nCommenting on the contract extension, Jamie Boyton, Executive Chairman said:\n \n\"The experience Capital Drilling has gained at the Geita Gold Mine over the past thirteen years underpins our strategy of targeting Tier 1 long life assets with quality operators. We continue to deliver excellent operational results for AngloGold Ashanti and are pleased to have the extension of the underground drilling contract for a further year.\"\n \n \nFor further information, please visit Capital Drilling's website www.capdrill.com or contact:\n \nCapital Drilling Limited +230 464 3250\nJamie Boyton, Executive Chairman [email protected]\...