Cabia Goldhills Inc.
TSX VENTURE : CGH

Cabia Goldhills Inc.

April 23, 2012 10:50 ET

Cabia Goldhills Inc. Announces a Drilling Program on its Mejia Gold Project in Colombia

MONTRÉAL, QUÉBEC--(Marketwire - April 23, 2012) - Cabia Goldhills Inc. ("Cabia") (TSX VENTURE:CGH) is pleased to provide an update on the exploration activities at its 100% owned Mejia Gold Project in the Province of Bolivar, Colombia. Following the completion of an airborne magnetic and radiometric survey comprising 694 line-km over its property, Cabia identified two areas on the property with the presence of vein type mineralization and two other with Cu-Mo-Au potential. A total of ten anomalies were identified, five of which were selected for a first phase of drilling through detailed field exploration activities.

Cabia is currently actively planning its coming drilling program, scheduled for June 2012, over the southern portion of its concession, adjacent to the existing Mejia Mines where previous sampling returned up to 171.5 g/t Au content. The aim of the3,000 to 5,000 meters drilling program is to evaluate the potential for an extension of this mining zone onto the Cabia property, as discussed in the NI-43-101 report available on the company's SEDAR profile at http://www.sedar.com.

The Mejia Gold Project is a 6,946 ha mineral concession located close to sea level and outside any environmentally restricted areas in the Sur de Bolivar region of the Department of Bolivar, Colombia, were intense artisanal mining is present in an under-explored gold district with high potential.

Michel Delisle, CEO, stated "This drilling program will enable us to test the continuation of the high grade veins systems found in and around the artisanal mines located adjacent to our property, with Cabia grab sampling of selected mineral production grading upwards of 80.1, 138.0, 155.5 and 171.5 g/t gold."

Cabia is a TSX-V listed junior exploration company focused upon the exploration and development of gold projects in Colombia. Cabia currently has less than 35 million shares outstanding.

Statements in this press release contain forward-looking information within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Readers are cautioned that assumptions used in the preparation of forward-looking information may prove to be incorrect. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors (many of which are beyond the control of Cabia) that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors could cause results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions, the risks associated with the mining exploration, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to: operational risks in exploration, development and production; delays or changes in plans; competition for and/or inability to retain other services; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; risks associated to the uncertainty of reserve estimates; governmental regulation, including environmental regulation; geological, technical, drilling and processing problems and other difficulties in producing reserves; the uncertainty of estimates and projections of production, costs and expenses; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; incorrect assessments of the value of acquisitions; the need to obtain required approvals from regulatory authorities; stock market volatility; access to capital; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Cabia does not undertake any obligation to update or revise any forward-looking statements to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cabia Goldhills Inc.
    Mr. Maurice Montpetit
    Vice President, Business Development
    (514) 237-0645

    Paradox Public Relations
    Mr. Carl Desjardins
    Investors Relations
    (514) 341-0408