StockMarketWire.com - Capital Drilling secured Wednesday a one year extension agreement at Anglo Gold Ashanti's Geita Gold Mine, to continue underground exploration and underground grade control drilling services.

The contract extension would commence in January 2019 and utilise the existing underground drill rig fleet currently located at the site, the company said.

The underground drilling services represented a sub contract of the comprehensive drilling services contract with Geita Gold, encompassing blast hole, grade control, delineation, exploration and underground drilling.

'The experience Capital Drilling has gained at the Geita Gold Mine over the past thirteen years underpins our strategy of targeting Tier 1 long life assets with quality operators. We continue to deliver excellent operational results for AngloGold Ashanti and are pleased to have the extension of the underground drilling contract for a further year,' said Jamie Boyton, Executive Chairman said.




At 9:07am: [LON:CAPD] Capital Drilling Ltd share price was +0.5p at 38p



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