Cabo Drilling Corp.
TSX VENTURE : CBE

Cabo Drilling Corp.

July 14, 2005 08:45 ET

Cabo Sub Drills Orphan Boy's Rain Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 14, 2005) - Cabo Mining Enterprises Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE) announces that its wholly owned subsidiary Advanced Drilling Ltd., of Surrey, BC, has contracted with Orphan Boy Resources Inc. ("Orphan Boy") to drill an initial 1,200 metres of a planned 5,000-metre core drilling campaign on Orphan Boy's Rain Property near Revelstoke B.C.

Orphan Boy is a mineral resource company with various polymetallic exploration projects located in the Big Bend region in southeastern British Columbia, Canada. The first phase of the Rain Property drilling will test an area described in previous reports by Orphan Boy as "...the highly mineralized "Alfi" outcrop and flanking geochemical and coincident magnetic anomalies". The Rain Property is located 65 km north, via Hwy 23, of the City of Revelstoke, British Columbia.

Cabo Mining Enterprises Corp. is a drilling services and mineral exploration company headquartered in North Vancouver, British Columbia, Canada. The Company provides drilling services through its subsidiaries Heath & Sherwood Drilling (1986) Inc., of Kirkland Lake, Ontario; Petro Drilling Company Limited of Springdale, Newfoundland; Stratacan Inc. of St. John's, Newfoundland; Forages Cabo Inc. of Montreal, Quebec; and Advanced Drilling Ltd. of Surrey, British Columbia. Cabo's mineral exploration properties are located near Cobalt, Kenora, and Sudbury, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD

(signed "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).

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.

The Exchange has not in any way passed upon the merits of this news release.

Contact Information

  • Cabo Mining Enterprises Corp.
    Mr. John A. Versfelt
    Chairman, President and CEO
    (604) 984-8894
    (604) 983-8056 (FAX)
    or
    Cabo Mining Enterprises Corp.
    Ms. Sheri Barton
    Investor Relations
    (403) 217-5830
    cabo@cabo.ca
    www.cabo.ca