Minerva Resources Plc (MVA) – Drilling Contract Kyrgyzstan
• Diamond drilling programme contract with Chinese exploration group
• Construction of access roads and drill pads
• Contract value – US$1.5m
Minerva Resources advises that Palladex-Geotechservice LLC, its wholly owned contract drilling and geological technical services company operating from the Kyrgyz Republic, has signed a contract with Full Mining Gold LLC, a Chinese exploration group undertaking exploration activities on the Ishtamberdy prospect in the Kyrgyz Republic, for the provision of diamond drilling services.
The contract value is $1.5m and includes the construction and maintenance of access roads and drill pads.
Terry Ward, Managing Director, commented today,
“The signing of the substantial drilling contract confirms the competence and expertise of the Company’s Technical Services Division in the Kyrgyz Republic and strengthens the Group’s cash flow”.
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