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Cameo Cobalt Corp.
Summary
| Project: | Gochager Lake | |
|---|---|---|
| Deposit: | Gochager Lake | |
| Location: | Canada | |
| Commodities: | Nickel-Cobalt-Copper | |
| Date: | 7/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2018: Cameo Cobalt Corp. announces an Exploration/Drilling Update report for its Gochager Lake deposit at the Gochager Lake project. Drilling results incl. 117.7m @ 0.26% Ni, 0.02% Co, 0.07% Cu from 108.0m. Vancouver, British Columbia – July 25, 2018 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Fraser (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – July 25, 2018 – Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo Cobalt”) is pleased to announce assays for Drillhole GL18001 has confirmed the presence of massive sulphide mineralization with high-grade Nickel and Cobalt values within a 117.7 meter mineralized interval. Cameo recently completed 725.4 meters of drilling in two drillholes, GL18001 and GL18002, at the Gochager Lake project, SK. Both drillholes were designed to test Nickel, Cobalt and Copper mineralization reported in historic drillhole I-12 drilled in 1966. Drillhole I-12 had reported high-grade Nickel and Cobalt intersections occurring within a mineralized zone that assayed 0.57% Nickel, 0.12% Copper over 290.5 meters. Assaying for Cobalt in drillhole I-12 was inconsistent. Cameo is very encouraged by these initial results and the presence of massive sulphide mineralization containing high-grade Nickel and Cobalt values within this broad mineralized system. The company has prepared a $2,000,000 Exploration Plan and Budget to be executed over the next 12 months. A major component of the Budget will be to do follow-up Borehole Electromagnetic (BHEM) surveying of drillholes GL18001 and GL18002 to delineate the zones of massive sulphide contained within both drillholes and to identify additional massive sulphide lenses within the mineralized system. | |
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