+ Energold Drilling Corp. - News Releases - Energold Announces Record Number Of Metres Drilled And Expansion Of Drill Fleet - Tue Dec 10, 2019

News Releases


 February 06, 2007
Energold Announces Record Number Of Metres Drilled And Expansion Of Drill Fleet

 Energold Drilling Corp. ("the Company") is pleased to announce that it drilled a record number of metres for both the fourth quarter and the full year 2006. Energold's rapid expansion of its drilling capacity led to these new records. Metres drilled in the fourth quarter were in excess of 49,000. For the full year, 190,000 metres were drilled, up over 61% from 2005.

Summary of Quarterly (Q) and Full Year Metres Drilled

December 31, 2006

Q4 2006

Q4 2005

% Change

2006

2005

% Change

Metres Drilled

49,000

29,000

69

190,000

118,000

61



The first quarter of 2007 has commenced with four new drills, the largest number of new drills ever simultaneously added. These new additions should result in significantly higher levels of activity for the full year as compared to prior years in which new rigs typically came on-stream mid summer.

Expansion of Drill Fleet

As of this date, the Company has a total of 30 drills either jointly or wholly-owned as compared to 23 drills in the comparable period of 2006, an increase of 30%. Two additional wholly-owned drills are currently under construction. The drills added during both the fourth and first quarters are all wholly-owned. Over the next 12-18 months, the Company anticipates the addition of approximately 6-8 of its Series II and Series III wholly-owned drill rigs.

Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry. The Company fully consolidates the total meterage drilled by its 50.01%-owned Pac Rim Drilling S.A.C., 50%-owned subsidiary Kluane International Drilling and its affiliates. Energold also holds a controlling interest in silver producer IMPACT Silver Corp. and a project portfolio in the Dominican Republic.

On behalf of the Directors of Energold Drilling Corp.

"Frederick W. Davidson"
President, CEO

Darrell Rader - Corporate Development
For further information, please contact:


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
 
 

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