Nautilus Minerals Inc. commences 2010 drilling program
Nautilus Minerals Inc. has announced the commencement of its 2010 drilling program, with the departure of the vessel REM Etive from Singapore, bound for the Company’s Solwara Projects in the territorial waters of Papua New Guinea.
The 2010 drilling program will focus on improving the resource and geotechnical understanding at Solwara 1, as well as scout drilling at other prospects on the Company’s 100% owned tenements in the Bismarck Sea, Papua New Guinea. TSMarine will provide the vessel; operating crew, remotely operated vehicles (ROVs) and drilling equipment required for the project. The ROVdrill3 drilling system to be used is a second generation seafloor drilling system, with the design ability to wireline diamond drill 70mm diameter core to a hole depth of up to 80 metres.
Nautilus’ CEO, Steve Rogers, commented: “The ROVdrill3 gives Nautilus the capability to further test the resource potential of our Seafloor Massive Sulphide systems in the Bismarck Sea. The drilling equipment will also collect geotechnical data that is expected to allow us to further optimise equipment design and extend the production plan at Solwara 1.”