CABO TO DRILL 4,000 METERS ON WOODJAM PROPERTY, BC
North Vancouver, BC - April 14, 2008 - Cabo
Drilling Corp.’s (TSX-V: CBE) (“Cabo”
or the “Company”) Pacific division has entered into a
contract with Fjordland Exploration Inc. to
drill approximately 4,000 meters on the Woodjam
copper, gold and molybdenum project located in central British
Columbia.
The 2008 drill
program will continue drilling at the recent copper-molybdenum
discovery in the Southeast Zone (see Fjordland Exploration’s new
releases dated January 18, & March 13, 2008) and test other areas
of the large claim group.
The 44 square
kilometer Woodjam Property, owned 60:40 by Fjordland Exploration and
Cariboo Rose Resources Ltd, is located in the Cariboo Region of B.C.,
about 50
kilometers east of the City of Williams Lake and
7 kilometers
south of the village of Horsefly. The claims lie at low elevation, in
relatively flat terrane and are easily road accessible and workable on
a year-round basis.
About Fjordland Exploration Inc. (TSX-V: FEX)
Fjordland Exploration Inc. is a Vancouver-based junior mineral
exploration company focused on the discovery of gold and copper
deposits. Fjordland is conducting exploration in British Columbia,
Canada, which has excellent mineral potential. The Company has a 60%
interest in the 44,413
hectare Woodjam gold-copper property, located in
central B.C., and a 50% joint venture to explore 20 copper-gold
properties (QUEST project) totaling in excess of 144,000 hectares
in the Quesnel Terrane in central British Columbia. Shares of Fjordland
Exploration Inc. trade on the TSX Venture Exchange with the symbol
"FEX".
About Cabo Drilling Corp. (TSX-V: CBE)
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, Sonora, Mexico; Cabo Drilling (Panama) Corp. of
Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla,
Spain. The Company’s common shares trade 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 Investor Relations Mr. Garett Greene
or Mr. John A. Versfelt, Chairman, President & CEO of the Company
at 604-984-8894.
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.-
CONTACT:
John A. Versfelt,
Chairman,
President and CEO
web site: www.cabo.ca
Telephone: (604)
984-8894
Facsimile: (604) 983-8056
e-mail: ir@cabo.ca
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