🕐18.10.10 - 22:54 Uhr
Cabo Drilling Panama Corp. Awarded Drill Contract by Minera Panama, S.A.
Cabo Drilling Panama Corp.
Awarded Drill Contract by Minera Panama,
S.A.
North Vancouver, BC – Cabo Drilling Corp.
(TSX-V: CBE) (“Cabo”
or the “Company”) announces that Minera Panama, S.A., a subsidiary
of Inmet Mining Corporation, has awarded Cabo Drilling Panama Pacifico
Corp., through its branch Cabo Drilling Panama Corp.
a drilling
contract in the Minera Cobre Project, District of Donoso, Republic Of
Panama.
The offshore surface geotechnical contract calls for a minimum
drilling of 3,705 lineal meters.
The Company will utilize a Boart
Longyear LF70 drill operating from an offshore barge for this
program.
Herb Butler, Panama and Colombia division General Manager states,
“We are more than pleased to come alongside Minera Panama, S.A.
on
this offshore drilling program.
Their dedication to health and
safety, and commitment to protection of the environment is consistent
with Cabo’s practices.”
Cabo’s “safety first” culture has gained Cabo numerous
industry awards and recognition for its work safe operating
practices.
Cabo Drilling Panama-Pacifico Corp.
has further
demonstrated this by continued performance with injury free work
place environments.
Cabo Drilling believes that flexibility is one of the keys to
success in Central and South America.
The Company offers a full range
of diamond core drilling services using man portable and helicopter
fly drills to access remote sites, small electric and hydraulic
underground drills for mine expansion drilling, or large skid and
track mounted drills for deep hole drilling.
In Central and South
America, the Company’s ability to access exploration projects with
highly maneuverable man portable drills, provides Cabo with the
opportunity to work with exploration and mining companies wherever
their projects are located.
About Minera Panama, S.A.
Minera Panama, S.A.
is a wholly owned, Panamanian subsidiary of
Inmet Mining Corporation, a Canada-based global mining company.
Minera Panama, S.A., Torre Global Bank, Oficina 2602, Calle 50 y
Calle Santo Domingo, Republic of Panama, R.U.C.
46505-96-303869.
About Cabo Drilling Corp.
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
) 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:
or Arash Shahi:
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.
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