EXPLORATION & DEVELOPMENT

Ashburton buys drilling stake

ASHBURTON Minerals has paid $A150,000 for a 50% interest in Transdrill – the trouble-plagued drilling contractor drilling its Brazilian gold tailings joint venture with Cougar Metals – with drilling in the tailings project set to resume in the coming weeks, aided by a new sample recovery system designed for wet tailings.

Michael Vaughan
Ashburton buys drilling stake

Ashburton commissioned Transdrill to build, supply and operate an aircore rig for the project in 2004. After drilling started in August last year, the rig was stood down in September because of the difficulty...

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