Japan Gold buys drill rigs from Promincon Indonesia
Friday, June 2 2017 - 01:23 AM WIB
Canadian firm Japan Gold Corp. reported that it has agreed to purchase three portable diamond core drill rigs from PT. Promincon Indonesia for C$544,000. PMC manufactures a range of portable diamond core drill rigs and is an established diamond core drilling contracting company incorporated in Indonesia.
A director and officer of Japan Gold have a controlling interest in Promincon.
?Acquisition of the two PMC400 drill rigs and one PMC700 drill rig will give the Company independence and flexibility on the timing and execution of its drill programs. Also, the Company sees cost saving benefits of owning its own drill rigs. The compact nature of these diamond core drill rigs allows for rapid set-up, move and the remediation of drill sites. They also have a smaller environmental footprint when compared to conventional equipment. The drill rigs have been proven and tested in similar geological environments. The PMC400 and the PMC700 drill rigs can core-drill to depths of over 400 meters and 700 meters in NQ core size respectively,? Japan Gold said.
Japan Gold on June 1, announced that it has concluded an agreement with Sumiko Resources Exploration & Development Co., Ltd. to manage and operate its drilling programs in Japan. To support this contract, Japan Gold has agreed to purchase three diamond core drill rigs that will be operated by SRED.