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Geodrill Limited GEODF


Primary Symbol: T.GEO

Geodrill Limited is an Isle of Man-based exploration drilling company with a fleet of 76 drill rigs operating in Africa and South America. The Company operates in approximately two continents and seven countries, namely Ghana, Burkina Faso, Cote d’Ivoire, Mali in West Arica; Egypt in North Africa; and Peru and Chile in South America. The Company provides Reverse Circulation, Diamond Core, Deep Directional Navi Drilling, Air-Core, Grade Control, Geo-Tech, and Water Borehole drilling services to intermediate and junior mining companies and operates a fleet of multi-purpose rigs in Africa. Its fleet stands at approximately 76 drills and is made up of over nine types, including EDM 2000 multi-purpose (qty. 6), Sandvik DE 810 multi-purpose (qty. 11), Sandvik DE 740 core (qty. 10), Sandvik DE 710 core (qty. 10), X1200 Multi-Purpose (1), X900 Multi-Purpose (17), Austex X350 RC / Grade Control (qty. 2), Austex X300 Air-core (qty. 7) and LM90 (qty. 7).


TSX:GEO - Post by User

Post by FrozenInOntarioon Nov 24, 2021 4:15pm
187 Views
Post# 34163064

Egypt

EgyptHarper did mention in today webinar  that there would be an annoncement on Egypt within the next 2 weeks.    And it would need to be material to be released.  
As they only have 2 drills in Egypt and just started their operations, one can speculate.   They did piggy back on a client demand to start their operations overthere.  Pretty good chance that it is Centamin that also have projects in West Africa.   I can see a like by GEO on one tweet about the start of an exploration campaign by Centamin.
Capital provides drilling services to the Sukori mine (Centamines) and got a pretty transformational contract for their waste, whatever it is.
So no idea what it could be but it will be fun to watch.  Afterall this market is opening up and if I understand well, not enough rigs for the drilling demand.
GLTA
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