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.
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.For further information:
| Eric Alexandre President and Chief Operating Officer (819) 824-2707 Ext. 233 | Derek Henderson Investor Relations (416) 447-4740 Ext. 232 |