🕐16.06.10 - 20:53 Uhr
Rainy Lake Tribal Contracting Ltd and Cabo Drilling (Ontario) Corp Awarded Drill Contract
Rainy Lake Tribal Contracting Ltd.
and Cabo Drilling (Ontario) Corp.
Awarded Drill Contract by Brett Resources Inc.
North Vancouver, BC – Cabo Drilling Corp.
(TSX-V: CBE) ("Cabo" or
the "Company") announces that Brett Resources has awarded Rainy Lake
Tribal Contracting Ltd.
and joint venture partner Cabo Drilling
(Ontario) Corp.
a drilling contract for a minimum of 30,000 meters on
the Hammond Reef Gold Deposit, near Atikokan Ontario, Canada.
The
Brett Resources flagship project is located in the Sawbill Bay-
Marmion Reservoir area approximately 170 kilometers west of Thunder
Bay, Ontario, and roughly 23 kilometers northeast of the town of
Atikokan, Ontario.
Through collaborative efforts Rainy Lake Tribal Contracting Ltd.
and
Cabo Drilling (Ontario) Corp.
formed a joint venture to bring the
First Nation’s communities into the drilling services industry,
thereby providing First Nation members and local residents
professional training, employment and economic opportunities.
"The Cabo Drilling Corp.
joint venture is a prime example of our
efforts to partner with private businesses to develop new revenue
streams for the First Nation communities", states Economic
Development Corporation advisor Tony Marinaro.
"Our goal is to
develop mutually beneficial and sustainable business relationships
that will open up economic and employment opportunities for the Fort
Frances area First Nation communities."
Cabo Ontario Division Manager, Blaine Pullen, states," The Hammond
Reef drilling project is an excellent pilot project for our First
Nation joint venture to demonstrate our ability and commitment to
produce the most highly trained, safety motivated quality drilling
services in the industry."
About Brett Resources Inc.
Brett Resources Inc.’s primary
objective is the recognition, acquisition and development of quality
precious metal resources.
Brett has assembled a portfolio of precious
and base metal projects in the Americas.
Brett is presently focused on
expanding gold resources at its Hammond Reef Gold Deposit, near
Atikokan, Ontario.
www.brettresources.ca
About Rainy Lake Tribal Contracting, Ltd.
Rainy Lake Tribal
Contracting, Ltd.
is a wholly owned aboriginal general contracting
company specializing in road construction, site development,
forestry, transportation, sand gravel and aggregates as well as
diamond core drilling in the mining sector.
www.rainylaketribalcontracting.ca
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.www.cabo.ca
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
) 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 Dan Symons:
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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