Exploration & Processing - Winter 2011 - (Page 114)
ENERGOLD DRILLING CORP .
BY STACI DAVIDSON
ENERGOLD’S EXTENSIVE CAPABILITIES AND UNIQUE RIGS BENEFIT CLIENTS’ FIELD DIAMOND DRILLING OPERATIONS IN A NUMBER OF WAYS.
Energold says its modular rigs are portable, light and have deep drilling capabilities. In addition, they require less energy and present less risk of introducing pollutants into the ground, as well as being able to drill deeper than the industry standard.
Energold Drilling Corp. www.energold.com 2009 sales: $23 million HQ: Vancouver Specialty: Contract Sunny Pannu, investor relations manager: “We already have a
nergold Drilling Corp. started out as an exploration company, pursuing a number of projects within the mining industry in the Dominican Republic. Like many mining firms, the company’s goal was to structure its operation to provide the greatest return for its shareholders. In the late 1990s, however, Energold realized drilling didn’t yield the greatest value – its strength was in its expertise. As a result, the company used its expertise to evolve and provide a greater value to its shareholders and clients. “We realized the current method of drilling and mining can’t last because everyone is too sensitive to the environment,” Investor Relations Manager Sunny Pannu explains. Pannu stresses the current incarnation of Energold is “quite unique in the industry.” The Vancouver-based company retained its exploration expertise and skills, and used that to develop its own line of “highly portable” rigs. It leases out its rigs and crews to junior, mid-tier and major mining companies, and provides exploration and production services. At this time, the company primarily works in South America, Africa and Asia. Energold’s fleet contains 96 diamond-drilling, deephole, underground-drilling and RAB rigs, and they exceed industry standards in a number of ways, Pannu explains. Primarily, they are portable, light, have deepdrilling capabilities and can go into remote areas. The company continually improves on its rigs’ capabilities with in-house development. “Our initial diamond rig was the Series 1,” Pannu says. “That rig could drill down 250 meters, but it only drilled a certain size of core. We continually improved on that technology and expanded its capabilities with additional new competitive features. Now, our drills can go down to 900 meters, but we are currently working to develop a rig that can break that 1,000-meter barrier.” Added Benefits Not only does Energold develop its rigs to go deeper, it also designs them to be more powerful. Energold’s rigs are modular in structure and use multiple small turbocharged engines to run hydraulic pumps. Pannu says the rigs’ thin wall rod system provides a higher ratio of horsepower per square centimeter of cutting face, resulting in improved cutting efficiency and recovery. Its standard and high-altitude drills are capable of
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proven way to drill with minimum social and environmental impact, so our customers are looking to us to supplement their operations.”
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Table of Contents for the Digital Edition of Exploration & Processing - Winter 2011
Exploration & Processing - Winter 2011
A Natural Solution
After the Fallout
Uranium on the Rise
Galleon Energy Inc.
Gibraltar Mines Ltd.
The Municipal Group of Companies
Selwyn Resources Ltd.
Redmond Minerals Inc.
Copper Fox Metals
OFM Pump Inc.
Sunshine Oilsands Ltd.
Pacific Rubiales Energy Co.
Thermo Design Engineering
Alexco Resource Corp.
North American Palladium
Mammoet Canada Eastern Ltd.
Industrial Equipment Manufacturing Ltd.
Guyana Goldfields Inc.
Flotek Industries Inc.
Dominion Terminal Associates
Compressor and Engine Service LLC
BEHR Energy Services Ltd.
LoneStar Energy Fabrication
American Oil & Gas – The Goliath Project
Alberta Oilsands Inc.
Southern Petroleum Laboratories Inc.
Cochrane Technologies Inc.
Crystal Flash Energy
Energold Drilling Corp.
Esperanza Resources Corp.
Explorator Resources Inc.
Rush Sales Co.
Kimber Resources Inc.
Nelson Bros. Oilfield (1997) Services Ltd.
Gulf Copper and Manufacturing
Exploration & Processing - Winter 2011