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Cabo Drilling Announces Drilling Contracts with Almina - Minas do Alentejo, SA in Portugal
Published : December 03, 2012
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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2012) - Cabo Drilling Corp. (News - Market indicators) ("Cabo Drilling" or the "Company") along with its Business Cooperation Agreement partner, Geoplano SA ("Geoplano") (see Cabo news release dated November 8, 2012), is pleased to announce the award of two surface drilling contracts with Almina - Minas do Alentejo, SA ("Almina").

Almina is a Portuguese mining company located 170 km south of Lisbon in the agricultural town of Aljustrel, in Portugal's Alentejo region. The mining area is 4.7 km² wide and includes the deposits of São João, Moinho, Feitais and Estacão.

The first contract with Almina consists of 10,000 meters of HQ and NQ drilling located on a site close to Almina's operating underground mines in Aljustrel, Portugal. The Company and Geoplano currently have two drills on the property. The first drill is Cabo's CS-14, which has started to drill the deeper holes in the program (up to 980 meters). The second drill, Geoplano's Rolatec 600, has started drilling the shallower holes in the program (up to 550 meters).

The second drilling contract with Almina is for three deep holes, totaling 2,400 meters of HQ and NQ drilling, at Almina's Estacao project. Cabo has mobilized a CS-14 drill to the Estacao project, which is located close to the city limits of Aljustrel, Portugal. Drilling on this program has also commenced.

About Almina - Minas do Alentejo, SA

Almina is a Portuguese mining company, whose social goal is the extraction and valuing of pyrites, sulphides and other ores, the trade, transport of the products and derivatives and the research, purchase and development of technological methods for its mining activities.

About Geoplano SA

Founded in 1973, Geoplano-Geotechnical Consultants was one of the first Portuguese companies specialized in geotechnical engineering, and has taken part in many emblematic national projects since then, such as Siderurgia Nacional (Portuguese Steel Industry), Complexo Petroquímico de Sines (Sines Petrochemical Complex) and the initial sections of motorways A1 and A2. Abroad, Geoplano participated in studies and projects for dam constructions in Mauritania, Nigeria and the Ivory Coast.

In 2001, after a change in the ownership structure, the name of the company was modified to Geoplano Aherne - Geotechnical Consultants, thus marking the beginning of a renovation cycle.

This new phase has been marked by the strengthening of technical facilities, internationalization to Eastern Europe and Africa, and an investment in areas such as pavement investigation, groundwater works and environmental assessment. Currently a Limited Company, Geoplano-Consultants continues to seek new markets and areas of action, based on a perspective of innovation and continuous improvement of its services.

About Cabo Drilling Corp. (News - Market indicators)

Cabo Drilling Corp. is a drilling services company headquartered in New Westminster, British Columbia, Canada. The Company provides mining specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling (America) Inc. of the United States; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Colombia Corp. of Colombia; 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.


John A. Versfelt, Chairman, President and CEO

Further information about the Company can be found on the Cabo website ( and SEDAR (

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cabo Drilling Corp.
Sheri Barton
Corporate Communications
Cabo Drilling Corp.
Mr. John A. Versfelt
Chairman, President & CEO
Companies Mentionned : Cabo Drilling |
Data and Statistics for these countries : Albania | Canada | Colombia | Ivory Coast | Mauritania | Nigeria | Panama | Portugal | All
Gold and Silver Prices for these countries : Albania | Canada | Colombia | Ivory Coast | Mauritania | Nigeria | Panama | Portugal | All

Cabo Drilling Corp.

ISIN : CA12687C1086
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Cabo Drilling is an exploration silver and gold company based in Canada.

Cabo Drilling holds various exploration projects in Canada.

Its main exploration properties are COBALT CLAIMS, ELECTRUM LAKE and LOBSTICK in Canada.

Cabo Drilling is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.2 millions, € 1.9 millions).

Its stock quote reached its highest recent level on December 31, 1996 at CA$ 9.75, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Cabo Drilling has 93 870 000 shares outstanding.

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Annual reports of Cabo Drilling Corp.
Annual Report 2007
Financings of Cabo Drilling Corp.
6/4/2012Announces Closing of First Tranche of Private Placement of D...
2/16/2012Completes $2.0 Million Financing
2/16/2011to Offer $1.5 Million Private Placement
Nominations of Cabo Drilling Corp.
5/24/2013Announces 3rd Quarter Results & Resignation of Director
5/24/2013Announces 3rd Quarter Results & Resignation of Director
1/10/2012Announces Election of New Directors
Financials of Cabo Drilling Corp.
6/2/2015Announces Third Quarter Results
3/3/2015Announces Second Quarter Results
10/29/2013Announces 2013 Fourth Quarter and Annual Results
10/15/2012Announces Fourth Quarter and Annual Results
10/15/2012Announces Fourth Quarter and Annual Results
10/15/2012Announces Fourth Quarter and Annual Results
Project news of Cabo Drilling Corp.
3/4/2013Executes Joint Venture Agreement With Naicatchewenin Develop...
7/12/2012Announces New $3 Million Equipment Loan Facility with GE Ca...
3/15/2012Delivers Record Revenues=2C As Exploration Activity Increase...
1/31/2012Announces Award of Surface Drilling Contract by BerAlb Sh A...
1/25/2012Announces Award of Phase II Underground Drill Contract by B...
Corporate news of Cabo Drilling Corp.
5/31/2016Cabo Drilling Announces Third Quarter Results
3/1/2016Cabo Drilling Announces Second Quarter Results
12/1/2015Cabo Drilling Announces First Quarter Results
11/5/2015Cabo Drilling Announces 2015 Fourth Quarter and Annual Resul...
6/2/2015Cabo Drilling Announces Third Quarter Results
3/4/2015Cabo Drilling Announces Second Quarter Results
3/3/2015Cabo Drilling Announces Second Quarter Results
12/10/2014Cabo Announces Acquisition of Worldwide EnviroChem Corporati...
12/10/2014Cabo Drilling Corp. Announces Acquisition of Worldwide Envir...
12/2/2014Cabo Drilling Announces First Quarter Results
11/14/2014Cabo Drilling Corp. Announces a Change of Name and Engagemen...
10/29/2014Cabo Drilling Announces Fourth Quarter Results and Annual Re...
10/29/2014Cabo Drilling Announces 2014 Fourth Quarter and Annual Resul...
5/30/2014Cabo Drilling Announces Third Quarter Results
3/4/2014Cabo Drilling Announces Second Quarter Results
7/12/2013Stock Options Granted
2/28/2013Announces 2nd Quarter Results
12/11/2012(Colombia) Corp. Awarded 17,000 Meters by Red Eagle Mining C...
12/3/2012Announces Drilling Contracts with Almina - Minas do Alentejo...
12/3/2012Announces Drilling Contracts with Almina - Minas do Alentejo...
11/28/2012Announces Fiscal 2013 1st Quarter Results
11/8/2012Signs Business Cooperation Agreement with Geoplano SA
11/5/2012(Panama) Corp. and Fugro Panama S.A Form Alliance for On-sit...
9/20/2012Signs Business Cooperation Agreement With Jantar Grupa d.o.o...
9/13/2012signs Alliance Agreement with Dawn =2D Works Inc.
9/12/2012Signs Alliance Agreement with Dawn-Works Inc.
6/27/2012signs Alliance Agreement with Torngat Services Limited
6/20/2012signs Alliance Agreement with Nunacor
5/19/2011Special Shareholders' Meeting Called for June 20, 2011
5/5/2011Cabo Drilling (Nevada) Corp. Awarded Drill Contract by Curis...
5/2/2011(Nevada) Corp. Awarded Drill Contract by Curis Resources Ltd...
3/21/2011Completes $2.525 Million Private Placement
12/1/2010Cabo Announces 1st Quarter ResultsRecieved:
11/3/2010Filing of Amended Fourth Qtr and Annual Financial Statements...
10/18/2010 Awarded Drill Contract by Minera Panama, S.A.
7/6/2010Awarded Drill Contract by Goldcorp Inc.
6/7/2010Awarded Drill Contract by Fire River Gold Corp.
3/8/2010Announces Shareholders' Agreement With Tahltan Nation Develo...
9/15/2009Trade Winds To Be Airing on BNNRecieved:
6/6/2009Trade Winds Conference InvitationRecieved:
6/5/2009and IMMC Invitation Recieved
6/1/2009Announces 3rd Quarter Results
3/2/2009Announces 2nd Quarter ResultsRecieved:
2/17/2009Introduces Stock Research Portal
2/5/2009to Drill Fifteen Hundred Meters
12/11/2008Additional Drilling For Balkan Resources
12/10/2008Media Reports
12/1/2008Announces Record Quarterly Results
11/12/2008Expands Drilling Services Into Albania
10/31/2008Announces Record Annual Revenue And Earnings
10/3/2008Introduces Fitness-For-Work Program
9/16/2008Awarded Contract to Drill a Minimum 35,000 Feet for Rio Gran...
8/26/2008To Drill For Millennium Capital
8/21/2008Signs Lease Agreement with London and Regional S.A.
8/18/2008to Drill on Labrador Iron Mine Project
7/23/2008To Drill Additional Meters For Minera Petaquilla
7/10/2008to Drill for Richmont in Colorodo
6/24/2008To Drill For Seafield Resources
6/20/2008Featured in Haywood Securties Article
6/16/2008To Drill For Burin Minerals
3/10/2008Drill Six Thousand Meters For Minera
2/19/2008Wins Drill Contract from Vault Minerals
2/11/2008Awarded Follow-Up Drill Contract
12/20/2007New and Extended Contracts for Cabo in Mexico
5/31/20073rd Quarter Fiscal 2007 Results
5/14/2007Expands With Drill Contract for Iberian Minerals
5/3/2007Drilling Contract Award By Amlib United
3/21/2006awarded drilling contracts by Eso Uranium Corp.
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