As a Canadian, publicly traded company listed on the Toronto Stock Exchange, Major Drilling Group International Inc. has strong ties to the global reach of Ontario and Toronto’s mining industry. Global Business Reports shared this impact in its report from March 2022.
Dennis Larocque, Major Drilling President and CEO contributed his thoughts to the report regarding industry supply and demand in the current mining industry upturn. His outlook for 2022 included how base metals companies are likely to increase their budgets and to expect rig supply shortages due to increasing demand and labor challenges. Larocque’s insights are part of the Junior Exploration section of the report.
In response to demand, Major Drilling maintains a strategy to keep new and rebuilt drill rigs at the ready. Known for its up-to-date fleet, the company continues to purchase several underground and surface exploration rigs in 2022. This includes Smart 6 underground drills Major Drilling is beginning to take delivery of in spring.
Major Drilling crews establish a professional surface exploration drill set up at SPC Nickel Corp’s Aer-Kidd Property in Sudbury, Ontario, in April 2021.
Major Drilling is an important part of the Ontario mining sector, home to 40 operational mine sites and the largest Canadian producer of PGMs, nickel and gold. Major Drilling’s more than 40-year history in the region makes it the specialized contract driller of choice for all tiers of the mining industry. The company’s ties to Toronto-area miners and to the Ontario mining region are deep and strong.
“At the beginning of 2022, companies will be drilling to explore until they hit a target, which is when they will ramp up their definition drilling,” Larocque stated to Global Business Reports. “This is why we forecasted 2023 as the time when we will see extensive definition drilling programs.”
Major Drilling fly drill teams set up at Cross River Ventures Corp’s McVicar gold project in Northwestern Ontario in March 2022.
Successes in Ontario include Record at Windfall for Osisko Mining. Major Drilling drilled its historic, record-setting 3,467-meter Canadian diamond drill hole in January 2020. The acquisition of Norex Drilling in 2019 further positioned Major Drilling as a leading exploration drilling contractor in Ontario. The purchase has proven to be a successful and unique opportunity for Major Drilling to gain a strong position to service customers in surface exploration drilling services in the prolific Northeastern Ontario region.
The Major Drilling team celebrates its historic drill hole at the Osisko Mining Windfall Deposit on Jan. 26, 2020. The Discovery 1 is the longest diamond drill hole in Canada at 3,476 meters.
More Smart 6 underground core drills are enhancing the Major Drilling fleet in 2022.
See the full report, “Mining in Ontario and Toronto’s Global Reach 2022,” on page 45, which we recommend as one our Major Drilling Defining Reads. The report features Major Drilling partners and mining leaders including Newmont, Barrick, Kinross, Wesdome Gold Mines, Alamos Gold, Great Bear Resources, Electra Battery Materials, indigenous partners and many others in the Ontario mining sector.
Follow Major Drilling on LinkedIn, Twitter, Facebook and Instagram to receive the latest company news and updates. Established in 1980, and publicly traded as Toronto Stock Exchange ticker symbol TSX: MDI, Major Drilling is the preferred specialized drilling contractor for all tiers of the mining industry. The company operates on five continents as the world leader in specialized drilling using mining industry ESG principles to guide sustainability. As the leading mining supplier and drilling contractor for specialized contracts, Major Drilling is a trusted mining partner through industry upturns and ongoing exploration projects. Learn more about how to make your next drilling project safe and successful with Major Drilling.
