VAL-D'OR, QC, June 12 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) today
announced that it has entered into a contract with Rubicon Minerals
Corporation (TSX: RMX; NYSE: RBY) to provide underground drilling services at
Rubicon's Phoenix Gold Project in Red Lake, Ontario.
Under terms of the contract, Orbit Garant expects to complete 40,000
metres of drilling at the Phoenix Project. Orbit Garant anticipates utilizing
up to four drill rigs to carry out this program.
"We are very pleased to enter into this important contract with Rubicon,"
said Eric Alexandre, President and Chief Operating Officer of Orbit Garant.
"This reflects our company's focus both on the gold sector and on expanding
our strong relationships with successful, well-financed companies like
About Orbit Garant
Orbit Garant is one of the largest Canadian-based drilling companies,
providing both underground and surface drilling services in Canada and
internationally through its drills 134 and more than 500 employees. Orbit
Garant provides services to major, intermediate and junior mining companies,
through each stage of mining exploration, development and production.
About Rubicon Minerals
Rubicon Minerals Corporation is a well-funded exploration and development
company, focusing on exploring for gold in politically safe jurisdictions with
high geological potential. Rubicon controls over 65,000 acres of prime
exploration ground in the prolific Red Lake gold district of Ontario which
hosts Goldcorp's high-grade, world class Red Lake Mine. In addition to its Red
Lake holdings, Rubicon controls over 380,000 acres surrounding the Pogo Mine
in Alaska as well as 225,000 acres in northeast Nevada.
This press release may contain forward-looking statements (within the
meaning of applicable securities laws) relating to business of Orbit Garant
Drilling Inc. (the "Company") and the environment in which it operates.
Forward-looking statements are identified by words such as "believe",
"anticipate", "expect", "intend", "plan", "will", "may" and other similar
expressions. These statements are based on the Company's expectations,
estimates, forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to control
or predict. These risks and uncertainties are discussed in the Company's
regulatory filings available at www.sedar.com. There can be no assurance that
forward-looking statements will prove to be accurate as actual outcomes and
results may differ materially from those expressed in these forward-looking
statements. Readers, therefore, should not place undue reliance on any such
forward-looking statements. Further, a forward-looking statement speaks only
as of the date on which such statement is made. The Company undertakes no
obligation to publicly update any such statement or to reflect new information
or the occurrence of future events or circumstances.
For further information:
For further information: Eric Alexandre, President and Chief Operating
Officer, (819) 824-2707 Ext. 233; Derek Henderson, Investor Relations, (416)
447-4740 Ext. 232