🕐23.09.11 - 21:54 Uhr
CABO DRILLING CORP. AWARDED SECOND UNDERGROUND DRILLING CONTRACT BY EMPIRE MINING CORPORATION
Cabo Drilling Corp.
Awarded Second Underground Drilling Contract by
Empire Mining Corporation
North Vancouver, BC – Cabo Drilling Corp.
(TSX-V: CBE) (“Cabo”
or the “Company”) announces that its Eastern European branch,
located in Tirana, Albania, has been awarded an initial 1,250 meter
up-hole NQ underground drilling contract by Empire Mining Corporation
(TSX-V: EPC) (“Empire”) at its Bulqiza 1440 Project, which forms
part of Empire’s Bulqiza-Batra License.
The Company has mobilized an electric Atlas Copco Diamec U-6 to the
property and drilling has commenced.
Cabo Drilling’s Eastern European branch successfully completed a
surface program for Empire Mining at Bulqiza in 2010 and recently
completed an underground program on its Thekna Project, which also
forms part of the Bulqiza-Batra License at Empire’s wholly owned
Bulqiza chromite project in Albania.
Four diamond core holes, totaling
1,550 meters, were successfully completed at Thekna with the drilling
confirming the continuity of the mineralization indicated in drill
logs from the 1990’s.
Terry Aimone, Cabo’s General Manager-Europe states “Cabo is
pleased to continue our relationship with Empire in the Bulqiza area.
Our safety first approach to drilling aligns perfectly with Empire’s
occupational health and safety mandate on its properties.”
About Empire Mining Corporation (TSX-V:EPC)
Empire Mining Corporation is focused on value-added opportunities
with its principal projects located in the most historically
productive areas of Albania and 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
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
(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.; 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.
* * * *
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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