CABO
MEXICO TO DRILL 4,000 METERS FOR SILVERCREST MINES
IN NORTHERN MEXICO
North Vancouver, BC
– Cabo Drilling Corp. (TSX-V: CBE) (“Cabo” or the
“Company”) announces that SilverCrest Mines Inc. has awarded
Cabo’s Mexico division a contract to drill 4,000 meters of core at
its Santa Elena Project in northern Mexico.
The Santa Elena Project
is located approximately 150 kilometers northeast of Hermosillo, Sonora,
Mexico and is easily accessible with excellent local infrastructure. The
Company is undertaking SilverCrest’s Phase II drill program comprised
of approximately 40 holes totaling 4,000 meters. Goals of the program
include expanding the current resource estimate to the east and to depth,
testing the near-surface footwall silver zone, re-classifying much of the
“inferred resource” into “measured” and
“indicated” resource categories and completing condemnation
drilling for proposed operating facilities.
About SilverCrest Mines
Inc. (TSX-V: SVL)
SilverCrest Mines Inc. is a “Silver Focused” exploration and
development company with a portfolio of high-grade silver deposits and
exploration properties located in Mexico and El Salvador. This property
portfolio, which includes reported indicated and inferred silver resources
and substantial exploration potential, provides an important base from
which SilverCrest can develop its corporate objective of becoming a
significant silver asset based company. The Company’s immediate
initiative is to acquire and develop substantial silver resources and
ultimately to operate high-grade silver mines throughout North, Central and
South America.
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.
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