Vancouver-headquartered Cabo Drilling’s (CBE-V, CBEEF-o)U. S. subsidiary, Advanced Drilling Inc., has been contracted by Rio Grande Silver to conduct at least 35,000 ft. of surface core drilling for the company’s San Juan project.
The silver project, located north of Creede, Colo., is a part of the prolific Creede mining district.
Cabo will focus on the north extension of the Bulldog vein system, originally mined by Homestake Mining from the late 1960s to the mid-1980s.
The first two drills have already been moved to the property, with a third expected for the future.
The project has received all approvals and permits from the state and U. S. Forest Service for exploration drilling.
Rio Grande Silver is a wholly owned subsidiary of Hecla Mining (HL-n). Rio Grande owns a 70% interest in San Juan with the other 30% divided between Emerald Mining and Leasing and Golden 8 Mining.
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