Cabo Drilling Corp. (TSX-V: CBE) ("Cabo Drilling" or the
"Company") announces that BerAlb Sh A, part of the Ekin
Maden Group located in Istanbul, Turkey, has awarded Cabo
Drilling Corp., Albania Branch, located in Tirana, Albania,
their 2012 Phase II underground drilling program contracts
for BerAlb's Munella Mine and Lac Rosh Mine, which are
located in the northeastern Albania mountain region, within
the administrative borders of Fush Arrez County in Puke
Province.
The 2012 program will consist of a minimum of 6,000 m of
NQ/BQ underground development drilling which will be split
between the two mines. Cabo will utilize a U-6
electric/hydraulic drill to complete the project.
Cabo Drilling Corp., Albania Branch, has been drilling for
BerAlb Sh A since 2010, having completed a substantial
amount of drilling to date for BerAlb Sh A at its Munella
Mine and Lac Rosh Mine, allowing the company to focus on
consistent and efficient performance.
"We are extremely pleased to continue our relationship
with BerAlb Sh A and its parent Ekin Maden as they develop
their reserve base at these two mines," stated Terry
Aimone, Cabo Albania's General Manager. "Their
commitment to safety and efficient operations couples well
with our corporate mission statement and our commitment to
work place health and safety."
About Ekin Maden group (BerAlb Sh A)
Since its inception as a metal trading company in 1982,
Ekin Maden has focused on the trade of non-iron metals and
mineral concentrates of copper, zinc and lead. Ekin Maden
also sells lump chrome ore, chrome concentrates and
manganese ore.
Nesko Metals is part of the Ekin Maden group, and is
located at San.A.S., Buyukdere Cad. USO Center Kat:11
Maslak, Istanbul, Turkey.
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 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
(Nevada) Inc. of the United States; Cabo Drilling (Panama)
Corp. of Panama, Republic of Panama; Cabo Drilling
Panama-Pacifico Corp. of Panama, Republic of Panama doing
business as Cabo Drilling Colombia Corp.; 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
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.
* * * *
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.
distribué par | Ce noodl a été diffusé par Cabo Drilling Corp. et initialement mise en ligne sur le site http://www.cabo.ca. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-25 20:55:26 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |