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Drilling services firm challenged to be efficient in competitive times.

Drilling services firm challenged to be efficient in competitive times

Heath and Sherwood Drilling (1986) Inc. has been part of the Kirkland Lake and Northern Ontario mining scene for more than 60 years.

Starting in Kirkland Lake in 1927, Heath and Sherwood began as a supply company for the local gold mining operations, but it has since grown into a major player in the exploration drilling community of Ontario and northern Quebec.

Following a number of ownership changes during the first 59 years in business, Heath and Sherwood was purchased by six of its employees in the late 1980s.

Company president Jim Savage said the current group of owner/shareholders bought the company from Calgary-based Challenger Resource Services and began a new management group. He declined to comment on the purchase price.

Performing drilling services for mining companies on a contract basis, Heath and Sherwood specializes in surface diamond drilling work, underground drilling and reverse circulation drilling.

Savage, who has been with the company since 1968, said it has performed work for "most of the mining companies located in Canada."

But with the Canadian mining industry currently in a slow period, the Kirkland Lake native had some sobering thoughts.

"The challenge today is to stay in business. We have to continue to be as efficient as possible and still keep in mind that every job has to be done safely," he said.
COPYRIGHT 1991 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Heath and Sherwood Drilling
Publication:Northern Ontario Business
Article Type:company profile
Date:Jan 1, 1991
Words:232
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