Diamond drilling programme contracts with a second Chinese exploration group
Construction of access roads and drill pads
The total value of the contracts is in the region of US$3.5m
Minerva Resources advises that Palladex-Geotechservice LLC, its wholly owned contract drilling and geological technical services company operating from the Kyrgyz Republic, has signed two contracts with Palladex KR, a wholly owned subsidiary of Lingxi Ltd Investment Company, Urumqi, China, a Chinese exploration group undertaking exploration activities on the Karakala and Askur gold prospects in the Kyrgyz Republic, for the provision of diamond drilling services.
The total value of the contracts is $3.5m and includes the construction and maintenance of access roads and drill pads.