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Cameo Resources Corp.
Summary
| Project: | Silver King North | |
|---|---|---|
| Deposit: | Silver King North | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Copper | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2018: Cameo Resources Corp. announces a Supporting Acquisition report for its Silver King North deposit at the Silver King North project. Summary of property in support of acquisition. The Silver King North property (the "Property"), is located in the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Agnes M. Koffyberg (Independent) | |
| ABSTRACT: | The Silver King North property (the "Property"), is located in the central interior of British Columbia, approximately 600 km north of Vancouver, BC, and 20 km south of the town of Houston. The Property consists of 14 Mineral Tenure Online ("MTO") mineral titles, and form two fairly equalsized blocks, covering an area of 16,273 hectares. The Property can be reached from Houston via the Morice River Forest Service Road on the west and via the Buck Flats Road on the east. Cameo Resources Corp ("Cameo") has entered into a Purchase Agreement with arms’ length vendors, whereby Cameo can earn a 100% right, title and interest in the Property, subject to a 2% gross royalty, by making various cash payments and issuing common shares, and granting a 2% gross royalty. Mr. Kalt, who is one of the vendors, is listed on MTO as the 100% owner of the Property. Geologically the Property lies within the Nechako Basin, south of the Skeena Arch. The western part of the Property consists mainly of andesitic volcanic rocks of the Upper Cretaceous Kasalka Group, along with subaerial volcanic rocks of the Hazelton Group (Telkwa Formation). These rocks consist of dacitic phyric flows, pyroclastic and epiclastic rocks, basalt, breccia and welded tuff. Lower Cretaceous Skeena Group rocks occur to a lesser extent, and consist of feldspathic and volcanic sandstone, siltstone and shales of the Kitsuns Creek Formation. | |
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