VAL-D'OR, QC, July 14 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD)
("Orbit Garant" or the "Company") today announced that the Company has entered
into a three-year contract with Agnico-Eagle Mines Limited ("Agnico-Eagle") to
provide specialized drilling services at the Meadowbank gold project in the
Nunavut Territory in Canada.
The drilling services are scheduled to begin later this fiscal year and
will involve five new heli-portable and deep hole drills being placed into
service and up to 155,000 meters over the term of the contract. Orbit Garant
will be replacing a large international drilling company that is currently
servicing the Meadowbank project.
"We have been providing drilling services at other Agnico-Eagle projects
for over ten years," said Eric Alexandre, President and Chief Operating
Officer of Orbit Garant. "This new Meadowbank contract illustrates both our
commitment to customers and our ability to grow with them as they expand into
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 116 drills and approximately 500 employees. Orbit
Garant provides services to major, intermediate and junior mining companies,
through each stage of mining exploration, development and production.
Agnico-Eagle is a long established Canadian gold producer with operations
located in Quebec and exploration and development activities in Canada,
Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's
largest gold deposit in terms of reserves.
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; Philip Koven, Investor Relations, (416)
447-4740 Ext. 235