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 Drill Contract by Fire River Gold Corp.

Cabo Drilling Corp. (TSX-V: CBE) (“Cabo” or the “Company”) announces that Fire River Gold Corp. has awarded Cabo‘s U.S. division, Cabo Drilling (America) Inc. a drilling contract for a minimum of 8,000 meters, on Fire River’s Nixon Fork Mine located in the western interior of Alaska.
 
To service the contract, which includes both surface and underground drilling programs, Cabo will utilize one of its B20 equipped, customized Mini Mite drills. This multi-purpose drill, which will be utilized for both programs, has been modified by the Company to be highly maneuverable without compromising power. With the Mini Mite drill Cabo is able to provide an innovated and cost effective solution for this remote program, as the drill can be adapted in the field for Fire River’s unique project requirements.

Cabo Drilling (America) Inc.’s General Manager, Earl Masarsky, states “we are excited to be a part of the professional services team chosen for this flagship Fire River project, working to bring the Nixon Fork Gold Mine back into production”.

About Fire River Gold Corp.

Fire River Gold Corp. is a near term production company with a superior technical team focused on bringing its flagship project: the Nixon Fork Gold Mine, back into production within the next 12 months. The Nixon Fork Gold Mine is a fully permitted and bonded gold mine with past production values averaging 1.4 opt (42 gpt). Nixon Fork is located within Alaska’s Tintina gold Belt, which hosts numerous world class deposits.

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, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; 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.

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 Sheri Barton, Corporate Communications at 403-217-5830 or Mr. John A. Versfelt, Chairman, President & CEO of the Company at 604-984-8894.  For general investor relation inquiries you may also contact Renmark Financial Communications Inc. Barbara Komorowski: bkomorowski@renmarkfinancial.com or Dan Symons: dsymons@renmarkfinancial.com at Tel: 514-939-3989 or 416-644-2020.

*    *    *    *

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: 06/07/2010