Cabo Drilling Corp. (CBE) Awarded 6,000 Feet Drill Contract by Wits Basin Precious Minerals Inc.
Cabo, a drilling services company headquartered in North Vancouver, British Columbia, Canada, announced that Wits Basin Precious Minerals Inc awarded the Company’s Pacific division, a 6,000 feet drill contract of surface diamond drilling at Wits Basin’s Bates Hunter Mine in Central City, Colorado. Cabo’s intention is to explore targeted areas adjacent to known areas of mineralization and will focus on intersections between the Bates and cross-cutting veins. The mining history in Colorado is very rich and is undergoing a rather large interval of historic growth. Gold, Coal, molybdenum and uranium operations in Colorado are producing record amounts and posting record…