UNDERGROUND

Capital continues to drill at Geita

Capital Drilling has secured a one-year extension agreement at AngloGold Ashanti's Geita gold mine

Capital will continue underground exploration and grade-control drilling services at Geita

Capital will continue underground exploration and grade-control drilling services at Geita

As part of the contract extension, which begins next month, Capital Drilling will use the existing underground drill fleet already located on site.

The underground drilling work represents a subcontract of the comprehensive drilling services contract at Geita, which encompasses blasthole, grade-control, delineation, exploration and underground drilling.

The master contract is for a period of five years, running to December 2020. Capital Drilling originally commenced drilling operations at the Geita mine in 2006.

Commenting on the contract extension, Jamie Boyton, executive chairman said: "The experience Capital Drilling has gained at the Geita gold mine over the past 13 years underpins our strategy of targeting Tier 1 long-life assets with quality operators."

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