CABO
TO DRILL INTERNATIONAL MILLENNIUM COBALT AREA PROPERTY IN ONTARIO
North Vancouver, BC � Cabo Drilling Corp.,
(TSX-V: CBE) (�Cabo� or the �Company�) Ontario Division, has signed a
drilling contract with International Millennium Mining Corp. (IMMC) for
an initial 2,500 meters of diamond drilling near the Waldman mine on
IMMC�s Cobalt Area Property in Ontario. The purpose of the program is
to test several strong targets identified by a MMI (mobile metal ion)
sampling program completed over the Cobalt Area property. The Company
commenced drilling April 18, 2008.
The location of the
drill holes for this initial program was determined by anomalous MMI
results occurring on a grid in Gillies Limit North Township in close
proximity to the Waldman Mine Shaft. The Waldman is one of a number of
former producers located on IMMC�s property. Twelve former mines
contiguous to and within 3,000 meters to the east of the IMMC drill
project produced in excess of 100 million ounces of silver, along with
cobalt, copper, and nickel. The drilling program will also pursue base
metal sulphide type mineralization known to occur in the area.
About International Millennium Mining Corp.
(TSX-V: IMI)
IMMC is a mineral exploration and development company engaged in the
acquisition and exploration of polymetallic mineral properties in
Canada and the Americas. To date, the Company has acquired and is
exploring mineral properties in British Columbia and Ontario, Canada;
Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include
silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and
platinum group metals.
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 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 Investor Relations Mr. Garret 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
|
|