ONTARIO Vancouver-based CABO MINING ENTERPRISES has signed a letter of intent to purchase 100% of THOR DRILLING of Kenora. Thor has three drill rigs, and the current owner will be retained as manager for Cabo.
Cabo provides drilling services through its subsidiaries Heath & Sherwood Drilling (1986) Inc. of Kirkland Lake, Ont., and Petro Drilling Co. of Springdale, Nfld. Cabo also has mineral exploration properties located near Cobalt, Kenora and Sudbury. Details of its exploration properties are posted at www.cabo.ca.