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Cameo Cobalt Corp. Intersects Mineralization At Depth
VANCOUVER, British Columbia, June 25, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7N) (the “Company” or “Cameo Cobalt”) is
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":" VANCOUVER, British Columbia, June 25, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7N) (the “Company” or “Cameo Cobalt”) is very pleased to announce that the Company has completed 725.42 meters of diamond drilling on the Gochager Lake Copper-Cobalt-Nickel Project. The first batch of high priority samples has been delivered to an accredited laboratory in Saskatoon, Saskatchewan for assaying. Both completed drillholes GL18001 and GL18002 were designed to test sections of reported higher grade nickel-copper-cobalt mineralization occurring in historic drillhole I-12 drilled in 1966. Drillhole GL18001 intersected multiple zones of semi-massive to massive sulphide mineralization hosted within a very well mineralized gabbro. Drillhole GL18002 drilled from the same section as drillhole GL18001 was designed to test a zone of massive sulphide mineralization in historic drillhole I-12 at a vertical depth of 290 meters. The drillhole did not intersect massive sulphide mineralization at this depth; but did however, encounter gabbro hosted massive sulphide mineralization higher up in the drillhole, suggestive of possible continuation of the massive sulphides encountered in drillhole GL18001. Ian Fraser, consulting geologist states, “The two-hole drill program was very successful in confirming the reported massive sulphide mineralization in parts of historic drillhole I-12; but equally as important; the inclined drillholes have delineated the extent of the disseminated – interstitial mineralization occurring within the host gabbro. Historically, the Gochager Lake deposit was delineated mostly with vertical drillholes in what appears to be a very steeply dipping mineralized system. Encountering multiple zones of massive sulphide mineralization in drillholes GL18001 and GL18002 and intersecting mineralized gabbro at a depth 100 meters below the last reported intersection in historic drillhole I-12, has opened-up the Gochager Lake deposit for the potential to delineate more massive sulphide mineralization at depth and along strike within what appears to be a very significant mineralized system.” Cameo Cobalt looks forward to reporting assay results in the coming weeks. Gochager Lake copper-cobalt-nickel Project The project, which consists of four claims covering 3,759 hectares, is located in Northern Sask...