VAL-D'OR, QC, Aug. 19 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) today
announced that it has entered into a contract with Xstrata Canada Corporation
- Xstrata Zinc Canada Division ("Xstrata") to provide surface drilling
services at Xstrata's Bracemac-McLeod project in Matagami, Quebec.
Under terms of the contract, Orbit Garant will utilize 3 drill rigs to
complete a minimum of 22,000 metres of drilling at the Bracemac-McLeod
Project. Xstrata may extend the contract to 45,000 metres, depending on drill
results and future budget allocations.
"We have been working alongside Xstrata (formely Noranda Inc/Flaconbridge
Ltd) for over 10 years and are delighted to be entering into this new
contract," said Eric Alexandre, President and Chief Operating Officer of Orbit
Garant. "This contract underlines our focus on building long-term
relationships with major mining companies. It also reflects our strong and
growing position in surface drilling and our leading market share in the
Abitibi region, key elements of our business strategy."
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 135 drills 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.
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