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Cameo Cobalt Completes Airborne Magnetic Survey on Big Mac Gold Project; Adjacent to Aben Resources Ltd.
VANCOUVER, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo Cobalt”)
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo Cobalt”) is pleased to announce that Ridgeline Exploration Services Inc. (“Ridgeline”) has completed the airborne magnetic survey on the Company’s recently acquired Big Mac Gold Project (the “Property”; See Cameo Cobalt’s news release dated August 29, 2018). Data from the Big Mac airborne survey is being interpreted and the Company expects to receive finalized magnetic maps in the coming weeks. Concurrent with the airborne survey, the Company has also completed a Phase I program of geological mapping and prospecting on the Big Mac Property. Assay results from surface samples collected from across the Property are pending. About the Big Mac Gold ProjectThe Big Mac Gold Project consists of 12 mineral claims structured into three tenure blocks. The project comprises a total of 9,264 hectares (approximately 22,881 acres). The project offers close proximity to the Eskay Creek access road and the newly constructed Alta Gas McLymont hydro-power facility. The Big Mac Gold Project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.'s Forrest Kerr gold project. The Big Mac Gold project is approximately 8 kilometres south of Aben Resources’ (“Aben”) drill hole FK18-10, which reported four separate high-grade zones with the best zone returning an interval of 38.7 g/t Au over 10.0 metres including 62.4 grams per tonne gold over 6.0 m starting at 114 metres downhole (see Aben Resources news release dated August 9, 2018). Drill hole FK18-10 was Aben’s first drill hole of the 2018 exploration season. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd. The specific location of the Big Mac Gold Project is notable as it not only surrounds much of Aben Resources’ Forrest Kerr gold project, but it also contains significant tenure held in the past by Barrick Gold. Aben Resources recently announced the discovery of a \"South Boundary\" mineralized zone, approximately 1.5km south of the North Boundary Zone on its Forrest Kerr project in British Columbia's Golden Triangle district (see Aben Resources news release dated August 23, 2018). The zone encompassing the hi...