CABO TO
DRILL 7,000 METERS FOR RICHVIEW RESOURCES INC.
North Vancouver, BC - August 14, 2007 - Cabo
Drilling Corp.’s (TSX-V: CBE) (“Cabo” or the
“Company”) Ontario division, Cabo Drilling (Ontario) Corp., has
entered into a contract with Richview Resources Inc. (TSX: RVR) of Toronto,
Ontario to drill 7,000 meters of NQ core on Richview’s Thierry Mine
property near Pickle Lake, Ontario.
Richview is
undertaking the deep drilling program to confirm and validate dip strike
continuity of known mineralization to the 3,000-foot level. Cabo will
utilize a JKS Boyles BBS-56 Diamond drill for the project.
About Richview Resources Inc. (TSX: RVR) Richview is the sole
owner of the past-producing Thierry Mine property in northwestern Ontario.
The company is continuing exploration on gold joint venture projects at
Pickle Lake (RVR 75%) and at Headway in the Red Lake camp (RVR 15%).
Richview is a Canadian company committed to responsible development of
natural resources while respecting local environment, community and social
interests.
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; Montréal, 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 Ms. Sheri Barton at 403-217-5830 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
|
--
|