Cabo Drilling (Ontario)
Corp. Awarded Drill Contract by Goldcorp Inc.
North Vancouver, BC - Cabo Drilling Corp. (TSX-V: CBE) ("Cabo"
or the "Company") announces that Goldcorp Canada Ltd. ("Goldcorp")
has awarded Cabo Drilling (Ontario) Corp. a drilling contract for a
minimum of 5,000 meters on the Hollinger mine, located in Timmins,
Ontario. The Hollinger mine site is a component of Goldcorp's Porcupine
Gold Mines which also includes the Dome mine and mill, the Hoyle Pond
mine and a large land package in the Timmins camp.
Drilling
will consist of reverse circulation ("RC") hammer drilling,
designed to identify potential open pit mineralization. Cabo's complete
fleet of RC drills include large diameter down hole reverse hammer
precision rigs and Acker long stroke drills which, when mounted on Flex
Trac Nodwell carriers or Fly skids, provide clients with highly mobile
and stable drilling platforms with very small environmental footprints.
Cabo
and Goldcorp actively promote a safety first culture throughout each of
their company operations. Cabo Drilling Corp. President and Chairman
John Versfelt states, "We are pleased to join the Goldcorp team at
the Porcupine project, where they truly believe that safety is the
priority under all circumstances. Every employee, of both companies, is
encouraged to work safely and promote safety as a main part of their
job."
Cabo
Drilling Corp. is a drilling services company headquartered in North
Vancouver, British Columbia, Canada. The Company provides mining
related and specialty drilling services through its Canadian divisions
in Surrey, British Columbia; Montr�al, Quebec; Kirkland Lake, Ontario; and
Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de
C.V. of Hermosillo, Mexico; Cabo Drilling (Panama) Corp. of Panama,
Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan
States Drilling SH.P.K. of Tirana, Albania; and Cabo Drilling
(International) Inc. The Company's common shares trade on the Frankfurt
Exchange under the symbol: DHL and on the TSX Venture Exchange under
the symbol: CBE.
ON BEHALF OF THE BOARD
"John A. Versfelt"
John A. Versfelt
Chairman, President and CEO
Further information about the Company
can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com) or by
contacting Sheri Barton, Corporate Communications at 403-217-5830 or
Mr. John A. Versfelt, Chairman, President & CEO of the Company at
604-984-8894. For general investor relation inquiries you may also
contact Renmark Financial Communications Inc. Barbara Komorowski: bkomorowski@renmarkfinancial.com
or Dan Symons: dsymons@renmarkfinancial.com
at Tel: 514-939-3989 or 416-644-2020.
* * * *
The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of
this release. This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content
of upcoming work programs, geological interpretations, potential mineral
recovery processes and other business transactions timing.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.
|