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Axiom Drilling Corp. Acquires Spring Valley Drilling Corp.


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© Marketwire 2012
2012-12-21 18:01:59 -

ELKO, NEVADA -- (Marketwire) -- 12/21/12 -- Axiom Drilling Corp. ("Axiom" or the "Company") announces that it has recently completed its acquisition of Spring Valley Drilling Corp. ("Spring Valley") previously operating out of Hot Springs Montana.


The Company is pleased to announce the completion of the purchase of 100% of the assets of Spring Valley. The acquisition discussions occurred over several months with an effective date of January 1st, 2013.



Axiom believes that a "safety first" company culture combined with creative flexibility are the key elements to success in providing drilling services in North America. The Company offers a full range of specialty drilling services including; helicopter fly drills to access remote sites, hydraulic underground diamond core drilling for mine expansion and geotechnical drilling services.


Alex Deeds, Axiom's President states, "We are more than just a drilling contractor. We take care of our customers by formulating and implementing efficient and cost effective solutions for their exploration and development drilling challenges. Spring Valley Drilling has a long and impressive history of customer satisfaction and we are more than excited to have them join us. We believe that Scott will bring excellent skills to our upper management team, specifically as our General Manager, and look forward to the synergies that are created by joining the two companies together."


Spring Valley was founded in April of 2006 and has been providing environmentally conscious drilling services throughout the western United States and Alaska. Spring Valley drillers are experienced in all aspects of underground, surface and helicopter portable mineral exploration drilling.


Scott Viegut, Founder and President of Spring Valley states, "I am extremely pleased to join Axiom Drilling Corp. and their affiliated drilling and mining services group of companies. I have worked with and known the owners and management of Axiom Drilling and the affiliated American group of companies for years. I believe this will represent a greatly enhanced opportunity for both myself and the Spring Valley employees."


About Axiom Drilling Corp.


Axiom Drilling Corp. is a drilling services company headquartered in Spokane Valley, Washington. The Company provides mining related and specialty drilling services through its US divisions in Elko, Nevada and Spokane Valley, Washington. Emphasis at Axiom Drilling Corp. is primarily focused on remote, underground and geotechnical drilling. Axiom is affiliated with American Drilling Corp. which is privately owned by Steve and Cassandra Elloway, also of Spokane Valley, Washington.


Axiom Drilling Corp., 19208 E. Broadway, Spokane Valley, Washington 99016


Further information about the Company can be found on the Axiom Drilling Corp. website www.Axiomdrilling.com.



Contacts:

Axiom Drilling Corp.

Alex Deeds

208-699-9001
adeeds@americanmt.com :

www.Axiomdrilling.com



Press Information:




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