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Cameo Cobalt Corp. Closes Acquisition of Land Package In Chile’s Carrizal Alto Historic Cobalt Producing Region
VANCOUVER, British Columbia, June 13, 2018 (GLOBE NEWSWIRE) -- Cameo Resources 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, June 13, 2018 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7N) (the “Company” or “Cameo Cobalt”) is very pleased to announce that further to the Company’s news dated June 7th, Cameo Cobalt has entered into an definitive agreement (the “Agreement”) to acquire a significant land package in Chile’s Carrizal Alto historic cobalt region. The Company’s Carrizal Alto project is located 100 kilometers north of the historic La Cobaltera District. Cameo Cobalt’s CEO, Akash Patel states, “Chile is widely considered a strong potential future site of cobalt exploitation in South America. The Carrizal Alto district has a significant history of copper production with associated cobalt mineralization, as well as mineralogy similar to the San Juan District, which is home to the past producing mines Despreciada, La Negra, and Rosa Amelia. Cameo is ecstatic to position itself as a first mover within a mining friendly jurisdiction with parabolic potential upside. ” Cameo Cobalt’s flagship Chilean project is situated adjacent to Genlith Inc.’s (“Genlith”) subsidiary, Chilean Cobalt Corp, as per Genlith’s April 11 new release (Click Here). Genlith Inc. is a Pennsylvania based holding company focused on energy storage and critical battery materials and reports that cobalt production occurred on their Carrizal Alto and La Cobaltera projects from 1844 thru 1944. About the Carrizal Alto Cobalt Project The area acquired includes Carrizal Alto’s historic cobalt producing region and is located 100 kilometers north of the La Cobaltera District. Project Highlights: 456 hectares in Carrizal Alto, Chile; Adjacent to historic operating site that has a significant history of cobalt production as reported by Genlith Inc. (www.genlith.com); Carrizal Alto has government data supporting potential to yield high-grade cobalt deposits. The Chilean National Service of Geology and Mining, Sernageomin, performed preliminary work on the La Cobaltera and Carrizal Alto area in 2008. A November 2017 report by Chile’s Corporation for the Promotion of Production (“CORFO”) states that the San Juan District has cobalt mineralization in veins and mantos. The report identifies the land package Cameo Cobalt has secured as within one of the main areas of cobalt mineral potential in Chile. In the San ...