Global UAV Technologies Ltd. (UAV-CSE) (the “Company”) announces that its wholly owned subsidiary, Pioneer Aerial Surveys (‘Pioneer Aerial’), has signed a UAV-MAG™ survey contract in Chile. The survey will be performed for Quantum Pacific Exploration (QPX) and is scheduled to start in August. This marks the first contract for a UAV-MAG™ survey in South America and the third international survey for Pioneer Aerial.
“The QPX contract marks a significant step in Pioneer Aerial’s acceptance as the leader in UAV-MAG™ surveys worldwide. We are excited to develop a strong relationship with QPX as we continue to grow our international business operations”, stated Michael Burns, President of Pioneer Aerial Surveys, “upon successful completion of this first survey, Pioneer Aerial will have the option of flying additional surveys for QPX this season.”
In addition Pioneer Aerial recently completed a 525 line km survey for Silver Standard Resources at their Seabee Gold Operation in Northern Saskatchewan. Pioneer Aerial flew a high resolution, low-elevation survey over the Santoy deposit that overlapped previous airborne data. The UAV-MAG™ survey provided higher resolution results, at significant cost savings compared to conventional airborne or ground based survey methods. Silver Standard was pleased with the results and is interested in using Pioneer Aerial’s UAV-MAG™ survey technology again in the future.
“Pioneer Aerial has developed a game-changing technique whereby ground-mag quality data can be acquired at cheaper cost without line-cutting and in only a fraction of the time,” stated Anders Carlson, Exploration Manager - Seabee Gold Operation and Saskatchewan Projects.
About Quantum Pacific:
Quantum Pacific Exploration (‘QPX’) is a privately funded mineral exploration company, part of the Quantum Pacific group. QPX´s value proposition is to produce superior results through well-planned and sustainable exploration programs guided by integration of new concepts, information methodologies, technologies, and a disciplined economic valuation process. QPX holds several strategic partnerships with companies including Barrick Gold and Asset Chile.
About Global UAV Technologies Ltd.:
With its growing technical expertise and expanding reach globally, Global UAV Technologies is the leader within the commercial Unmanned Aerial Vehicle (UAV) sector. Through its wholly owned subsidiaries – Pioneer Aerial Surveys, High Eye Aerial Imaging, UAV Regulatory Services, and NOVAerial Robotics – Global UAV Technologies provides a full spectrum of UAV-based services and products.
Global UAV Technologies will continue its growth through expanding the business of its current subsidiaries and the continued evaluation of potential acquisitions with the goal of creating a consortium of businesses that, when fully integrated, will cover all aspects of the UAV industry.
On behalf of the Board,
President & CEO
For additional information on Global UAV Technologies please contact
>Mr. Stephen Litwin, Investor Relations, at 514-708-3456
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.