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CABO AWARDED 4,000 METER
SURFACE DRILL CONTRACT BY SOLITAIRE MINERALS CORP.
North Vancouver, BC
- March 20, 2008 - Cabo Drilling Corp. (TSX-V: CBE) (“Cabo”
or the “Company”) announces that Solitaire Minerals Corp.
(TSX-V: SLT) has awarded a drill contract to the Company’s
Pacific Division, to complete a 4,000 meter diamond drilling program on
Solitaire’s Riou Lake Uranium Property, in the Athabasca Basin of
Northern Saskatchewan.
The Company commenced diamond drilling on the property during the
last week of February utilizing a Boyles 56 coring rig.
Solitaire Minerals has selected several high priority targets, based
in part on the interpretation by Activation Laboratories Ltd (Actlabs)
of Soil Gas Hydrocarbon (SGH) analyses collected from a grid of soil
samples. The drill program will encompass a minimum of 4,000 meters
with all drill holes to be collared in a highly altered fault zone on
dry land south of Riou Lake and concentrated near the centre of the
Soil Gas Hydrocarbon anomalies designated by Actlabs, in conjunction
with other geochemistry from the area, as the Primary and Secondary
Targets.
About Solitaire Minerals
Corp. (TSX-V: SLT)
Solitaire Minerals Corp. is a diversified junior Canadian mineral
exploration company with a specific focus on mineral properties in
North America. The Company has assembled a portfolio of precious and
base metal exploration prospects in Ontario, Saskatchewan, Alberta, and
the North West Territories.
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 de Mexico S.A.
de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of
Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla,
Spain. 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 Investor Relations Ms. Sheri
Barton 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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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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