VAL-D’OR, QC, July 21 /CNW/ – Orbit Garant Drilling Inc. (TSX: OGD) today announced that it has entered into a two-year contract with Polar Star Mining Corporation (TSX-V: POS) to provide specialized diamond core drilling services at Polar Star’s properties in Chile.
The drilling services are scheduled to begin in the second quarter of Orbit Garant’s fiscal year and involve a continuous minimum of 25,000 linear meters over the term of the contract.
“The signing of this contract with Polar Star underlines our commitment to continue to expand our business in stable countries with strong mining industries,” said Eric Alexandre, President and Chief Operating Officer of Orbit Garant. “This new contract also highlights the robust global demand for drilling services, which provides an excellent foundation for the continued steady growth of our company.”
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. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production.
About Polar Star
Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper gold, and uranium. The Corporation’s material assets include 20 projects in Chile, which are 100% owned and cover approximately 140,000 hectares.
Forward-looking information
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.
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/For further information: Eric Alexandre, President and Chief Operating Officer, (819) 824-2707 Ext. 233; Philip Koven, Investor Relations, (416) 447-4740 Ext. 235/ (OGD.)
CO: Orbit Garant Drilling Inc.