Novamera says long-term investor, US$22 billion oil and gas services company Halliburton, will provide input at its upcoming underground bulk sampling program at Great Atlantic Resources’ Golden Promise high-grade gold project in Newfoundland, Canada.
Halliburton’s involvement kicked off field collaboration between the two companies, Novamera said at the PDAC 2025 event in Canada. Ontario-based Novamera, looking to expand the use of what it calls “surgical mining” in the industry, says Halliburton’s expertise in project delivery, precision drilling and downhole technologies “will be instrumental” as it looks to demonstrate the efficiency and sustainability of its keyhole mining approach.
Halliburton became an investor in Novamera in 2022.
Great Atlantic signed a memorandum of understanding with Novamera in October 2023 to evaluate the use of Novamera’s technologies in extracting a circa-3000-tonne sample of material from Jaclyn Main Zone at Golden Promise. The zone hosts an estimated 119,900oz of gold grading 10.4 grams per tonne. The bulk sample would provide mining and metallurgical data to inform future economic and technical studies, Great Atlantic said.
“The sample is being funded in part by co-investment from DIGITAL, Canada’s Global Innovation Cluster for digital technologies, as part of a larger project that aims to support data-driven and digital solutions within the mining sector,” the Toronto-listed microcap company said at the time.
“Surgical mining is an economic option for bringing steeply dipping narrow vein deposits into production. The innovative solution is a lower capex and faster path to production, while also radically reducing environmental and social impact.”
Novamera’s proprietary navigation tools and software work in conjunction with conventional large-diameter drilling equipment to extract ore and leave excess waste in the ground.
