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; Montr�al, 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 (http://www.cabo.ca) 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.
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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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