Coretrack Limited (CKK) is pleased to announce that it has executed a formal Rig Services Contract with Newcrest Mining Ltd for its GT3000 drill rig. The project is a significant mineral coring program for the purpose of bulk metallurgical samples at Newcrest’s Telfer Operations. The job scope involves pre-collar drilling a number of mineral holes to more than 300 metres followed by 40 metres of coring.
Coretrack Chairman Mr Matt Birney said “We are looking forward to working with an ASX Top 20 Company and one of Australia’s biggest gold producers. We anticipate the contract value to be in excess of $2 million and we expect that this will keep the GT3000 rig busy right up until the previously announced Whicher Range oil and gas contract commences towards the end of the year.”
“The signing of this contract with Newcrest is yet a further endorsement of the rig’s unique capabilities” said Mr Birney. Newcrest Group Manager of Minerals and Technology Dean Collett said “We have been looking forward to getting the GT3000 up to our Telfer Operations as we believe that it has diverse and unique capabilities which are in some cases outside the scope of a standard drill rig.” “These holes are to be cased and cored and we feel that the Coretrack GT3000 is best suited to undertake this work” said Mr Collett.
Coretrack Limited is an ASX listed company that provides technical solutions to the energy industry in the form of down hole tools, products and services. Since the company’s conception, Coretrack has focused primarily on building its highly anticipated integrated core tracking tool, the Core Level Recorder System (CLRS), and introducing the tool into the commercial market. The company has accelerated its operations and growth plan by acquiring one of Australia’s leading drill rig manufacturing/drilling services companies, Globe Drill Pty Ltd. The Globe Drill acquisition has brought together two world class companies, both at the forefront of producing superior products and services for the global energy sector.