Capital says it has been awarded a further significant contract at Reko Diq, in Pakistan, as well as other contract awards across drilling and laboratory services.

At Reko Diq, majority owned and operated by Barrick, Capital has been awarded a three-year contract with a one-year extension option to provide borehole drilling services to support the development of the copper-gold project.

The contract covers the drilling, casing and development of production water holes essential for the Reko Diq project.

To fulfil this contract, Capital has purchased a specialised water bore drilling rig manufactured by Italian rig manufacturer Fraste (pictured above). The rig is now on-site and undergoing commissioning while waiting on other critical components required to perform this multi-year contract, it says.

In terms of exploration drilling contract awards, the company mentioned new pacts with Allied Gold in Côte d’Ivoire, Toubani Resources in Mali and the International Continental Scientific Drilling Program in Gabon, saying that these contracts would be carried out over the next six months.

MSALABS, Capital’s laboratory services company, continues to build on its current momentum, recently completing the installation and commissioning of a new commercial laboratory in Elko, Nevada, the company says. This lab is equipped with MSALABS’ third Chrysos PhotonAssay™ unit in the region.

MSALABs has also agreed an on-site laboratory services contract extension with Kinross at the Tasiast gold mine in Mauritania, plus signed a three-year dedicated fire assay laboratory services contract with WIA Gold for its Kokoseb gold project in Namibia.