Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that its Heath & Sherwood Drilling Inc. division has been awarded a contract to drill NQ diameter core for Rockcliff Resources Inc. on their Shihan VMS Property located near the town of Missanabie, in central Ontario.
The drilling project, which commenced the second week of February, 2007, will total 3,000 meters of NQ core drilling. Heath and Sherwood will utilize one JKS Boyles BBS-25A diamond drill for the project. Drilling will initially focus on the Zinc Zone and its potential extensions. The Zinc Zone consists of stringers and massive sulphide lenses containing zinc, copper, lead, silver and gold mineralization.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on the acquisition and development of high-quality mineral assets associated with world class geology and in world class mining camps.
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 subsidiaries Advanced Drilling Ltd. of Surrey, British Columbia; Forages Cabo Inc. of Montreal, Quebec; Heath & Sherwood Drilling Inc., of Kirkland Lake, Ontario; and Petro Drilling Company Limited of Springdale, Newfoundland. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt, Chairman, President and CEO
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.
SOURCE: Cabo Drilling Corp.
Cabo Drilling Corp. Ms. Sheri Barton Investor Relations (403) 217-5830 Cabo Drilling Corp. Mr. John A. Versfelt Chairman, President & CEO (604) 984-8894 (604) 983-8056 (FAX) Email: [email protected] Website: www.cabo.ca