Cameo Cobalt Completes Big Mac 43-101
TSX VENTURE: CRU
VANCOUVER, British Columbia, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is pleased to announce that further to its December 17, 2018 news release, the Company has completed a technical report to the standards of Canadian National Instrument 43-101 (“NI 43-101”) for its Big Mac gold project. The Big Mac NI 43-101 report has been filed on SEDAR and is also available for viewing on the Cameo website.
Big Mac Gold Project
As described in the NI 43-101 report, the Big Mac gold project is in British Columbia’s prolific golden triangle, covering 9171 hectares in two separate claims blocks. The Big Mac East Block (larger of the two blocks) is located between the past-producing Eskay Creek gold and silver mine (16 kms southeast), and Aben Resources’ 2018 drilling (9 kms to the north) which reportedly intersected multiple high-grade gold zones, including 38.7 grams per tonne gold over 10.0 metres (see Aben Resources' news release dated August 9, 2018).
The Big Mac West Block is located approximately 3 to 4 kms to the west of the East Block, across the Forrest Kerr Creek valley. As many as twenty mineral showings and prospects from the B.C. government’s MINFILE website occur between the Big Mac East and West Blocks.
Cameo completed a helicopter-borne magnetic survey over the property in September 2018, comprising 773 line kilometres at 150-metre spacing. Interpretation of the airborne magnetic data identifies a strong magnetic anomaly stretching more than five kilometers in a generally north-northeast trend within the Big Mac East Block, as well as cross faults extending from the regionally significant north-south Forrest Kerr fault. This strong magnetic anomaly occurs within Hazelton Group basalts, mapped as Eskay rift fill by government geologists.
Akash Patel, Chief Executive Officer and a director of Cameo Cobalt, stated: “Cameo chose to commission a National Instrument 43-101 report for its Big Mac gold project as a result of the high potential of the project, as well as encouraging drill results from regional activity. The Company completed the helicopter-borne magnetic surveys, which defined several important structures branching east off the regional-scale Forest Kerr fault structure.
Harrison Cookenboo, Ph.D., P.Geo., is a qualified person as defined in National Instrument 43-101. He has reviewed and is responsible for the technical information in this news release.
CAMEO COBALT CORP.
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