Cabia Goldhills Inc. ("Cabia") (TSX VENTURE:CGH) is pleased to announce that it
has now received all necessary permits and authorizations to proceed with its
drilling program on the Mejia Project in Colombia. Mobilization of the equipment
is well underway and it is estimated that drilling of the first hole will be
completed in early January. The drilling contract with Major Drilling, an
international drilling company, provides for a minimum of 3000 meters with the
possibility of a 2000 meter extension pending results from the first phase. The
work shall consist of diamond coring utilizing the HQ coring system (63.5mm core
diameter) to depths of 300 to 350 meters. Cabia's geological team has found
evidence for the presence of porphyry style mineralization located at depth on
the Mejia Project, with the potential to host a gold-copper-molyporphyry system,
which has become one of the focuses of the current exploration program. 


In addition, Cabia is pleased to report that it is currently initiating
exploration work, including the taking of additional samples, as well as a
number of initiatives to improve the working conditions and general welfare of
the population at the four artisanal mines adjacent to the Mejia Project, namely
La Gloria Mine, El Fogaje Mine, Los Romanes Mine and El Turco Mine (the "Mejia
Mines"). The terms and conditions of the agreements pursuant to which Cabia can
earn an interest in the Mejia Mines have been disclosed in Cabia's press release
of September 11, 2012.


Cabia's Mejia Project is a 6,946 ha mineral concession located close to sea
level and outside any environmentally restricted areas in the San Lucas gold
district in the Sur de Bolivar region of the Department of Bolivar, Colombia.
The San Lucas gold district is an under explored area where intense artisanal
mining is present, including the Mejia Mines, as described in Cabia's NI-43-101
report on the Mejia Project available on the company's SEDAR profile at
http://www.sedar.com.  


About Cabia Goldhills Inc. 

www.cabiagoldhills.com 

Cabia Goldhills is a TSX-V listed junior exploration company focused upon the
exploration and development of gold projects in Colombia. Cabia currently has
less than 39 million shares outstanding. 


Prospective Statements, Quality Control and Assurance: 

Statements in this press release contain forward-looking information within the
meaning of applicable securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Readers are cautioned that
assumptions used in the preparation of forward-looking information may prove to
be incorrect. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results, level
of activity, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information. There is no guarantee
that the acquisition of the Mejia Mines will be completed. 


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors (many of which are beyond the control of Cabia)
that could cause actual events or results to differ materially from those
anticipated in the forward-looking information. Some of the risks and other
factors could cause results to differ materially from those expressed in the
forward-looking information include, but are not limited to: stock market
volatility, access to capital, commodity prices and general economic conditions.
Industry related risks could include, but are not limited to: operational risks
in exploration, development and production; delays or changes in plans;
competition for and/or inability to retain other services; competition for,
among other things, capital, acquisitions of reserves, undeveloped lands,
skilled personnel and supplies; risks associated to the uncertainty of reserve
estimates; governmental regulation, including environmental regulation;
geological, technical, drilling and processing problems and other difficulties
in producing reserves; the uncertainty of estimates and projections of costs and
expenses; incorrect assessments of the value of acquisitions; the need to obtain
required approvals from regulatory authorities and other factors. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. Cabia does not undertake any obligation
to update or revise any forward-looking statements to conform such information
to actual results or to changes in expectations except as otherwise required by
applicable securities legislation. Readers are cautioned not to place undue
reliance on forward-looking information. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cabia Goldhills Inc.
Mr. Maurice Montpetit
Vice President, Business Development
(514) 237-0645

Cabia Goldhills (TSXV:CGH)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Cabia Goldhills Charts.
Cabia Goldhills (TSXV:CGH)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Cabia Goldhills Charts.