CABO TO
DRILL UNDERGROUND AT JERSEY EMERALD FOR SULTAN MINERALS INC.
North Vancouver, BC – Cabo Drilling
Corp.’s (TSX-V: CBE) (“Cabo” or the
“Company”) Advanced Drilling Ltd. division has been awarded a
contract to complete up to 14,000 feet of NQ-2 underground drilling at
Sultan Minerals Inc.’s Jersey Emerald Property near Salmo, BC. The
drill program is to commence in early February 2007.
The Jersey-Emerald property is
host to the historic Jersey Lead-Zinc Mine, British Columbia's second
largest lead-zinc producer and the former Emerald Tungsten Mine, Canada's
second largest tungsten mine. Year round gravel roads and power lines
cross the property and water is plentiful. Underground workings of the
historic Jersey and Dodger deposits are in excellent condition allowing for
future underground access with little rehabilitation.
About Sultan Minerals Inc.
Sultan Minerals Inc. is a gold, silver and base metals
exploration company with a portfolio of mineral properties. Sultan
Minerals’ exploration program will focus on an important new
discovery made on its Jersey Emerald tungsten, molybdenum and lead-zinc
prospect, located near the town of Salmo in southeastern British Columbia.
Sultan Minerals Inc. trades on the TSX Venture Exchange under the symbol
SUL, and is a member of the Lang Mining Group.
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
subsidiaries Advanced Drilling Ltd. of Surrey, British Columbia; Forages
Cabo Inc. of Montréal, 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”
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 Ms. Sheri
Barton, Investor Relations
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.
------------------------------
CONTACT:
John
A. Versfelt, Chairman,
President
and CEO web
site: www.cabo.ca
Telephone: (604)
984-8894 Facsimile: (604) 983-8056 e-mail: ir@cabo.ca
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