Stock Quote Cabo Drilling Corp.
TSX-V: > The remote server returned an error: (403) Forbidden. View Stock Info >
FWB: > The remote server returned an error: (403) Forbidden. View Stock Info >
Cabo Banner
Request a Quote
Drilling Services Request for Tender
 
Newsletter Sign Up
Subscribe here to receive our latest news releases
 

By clicking Sign Up, you consent to receive electronic messages from Cabo Drilling Corp., including invitations to programs and events and other notifications.

 
printPrint PDFPDF EmailEmail

CABO AWARDED DRILLING CONTRACT FROM ALTIUS MINERALS CORPORATION AND JNR RESOURCES INC.

North Vancouver, BC – Cabo Mining Enterprises Corp. (“Cabo” or the “Company”) (TSX-V: CBE) announces that its subsidiary Petro Drilling Company (“Petro) has been awarded a drilling contract with Altius Minerals Corporation and JNR Resources Inc.

The awarded drilling contract is for 1000 metres of core drilling at Altius Minerals Corporation and JNR Resources Inc.’s Rocky Brook uranium property. (See Altius’s press announcement of Aug. 17, 2005). The Rocky Brook property is approximately 11,000 hectares in size and covers the northeast margin of the
Carboniferous Deer Lake Basin of western Newfoundland.

Due to the requirement to drill a large number of short holes, Petro has developed a highly mobile, track mounted drill rig, specifically for this project. Petro is the most experienced diamond drilling contracting firm in the province of Newfoundland and Labrador.Cabo Mining Enterprises Corp. is a drilling services and mineral exploration company headquartered in North Vancouver, British Columbia, Canada. The Company provides drilling services through its subsidiaries Heath & Sherwood Drilling (1986) Inc., of Kirkland Lake, Ontario; Petro Drilling Company Limited of Springdale, Newfoundland; Stratacan Inc. of St. John’s, Newfoundland; Forages Cabo Inc. of Montréal, Quebec; and Advanced Drilling Ltd. of Surrey, British Columbia. Cabo’s mineral exploration properties are located near Cobalt, Kenora, and Sudbury, Ontario, Canada. The Company’s common shares trade on the TSX Venture Exchange under the symbol: CBE.ON BEHALF OF THE BOARD

(signed “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 Exchange has not in any way passed upon the merits of this news 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: 09/08/2005