Cabo to drill for Richmont in Colorado

Cabo Drilling Corp., a drilling services company headquartered in North Vancouver, British Columbia, Canada, says that its Pacific division, Cabo Drilling (Pacific) Corp., has won a contract from Richmont Mines USA, a subsidiary of Richmont Mines Inc, of Rouyn Noranda, Quebec, to complete a minimum of 5,000 meters of NQ2 underground drilling at the Golden Wonder Project located near Lake City, Colorado.

Cabo plans to commence the drilling within the month.

The Richmont Mines want to explore and define high-grade gold bearing vein structures at the Golden Wonder Project, which is a past producing high-grade, epithermal deposit, with veins averaging two to three feet in width.

On November 12, 2007, Richmont Mines had signed an agreement with LKA International Inc., to acquire 50% stake in Golden Wonder Project at a cost of US$ 3 million.