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Cabo Awarded Underground Drill Job at Inco's Garson Mine

North Vancouver, BC – Cabo Drilling Corp. (TSX-V: CBE) (“Cabo” or the “Company”) announces that its Heath & Sherwood Drilling Inc. division of Kirkland Lake, Ontario has been awarded a contract by Inco Limited to complete 21,000 feet of definition drilling at Inco’s Garson Mine in Sudbury, Ontario.

The work will consist of diamond drilling approximately 21,000 feet of BQ diameter core from three different underground locations at Garson Surface Ramp, Garson Mine.  The diamond drill set-up locations will be primarily on the 600 orebody vent drift and ramp drift.  Heath & Sherwood will be using one JKS Boyles/Atlas Copco, B-10 underground electric hydraulic drill.

Inco Limited (TSX, NYSE: N) is one of the world's premier metals and mining companies.  It is a leading producer of nickel and value-added nickel specialty products and an important producer of copper, precious metals and cobalt.  Inco is one of Canada's best-known companies, with significant operations in Sudbury, Ontario; Thompson, Manitoba; and Voisey's Bay, Newfoundand and Labrador.   

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 subsidiaries Advanced Drilling Ltd. of Surrey, British Columbia; Forages Cabo Inc. of Montréal, Quebec; Heath & Sherwood Drilling Inc., of Kirkland Lake, Ontario; and Petro Drilling Company Limited of Springdale, Newfoundland.  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.
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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.

 
 


Last Updated: 10/05/2006