Business
Cameo Cobalt Corp. Provides Corporate Update
VANCOUVER, British Columbia, July 17, 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, July 17, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7N) (the “Company” or “Cameo Cobalt”) is pleased to provide a corporate update pertaining to the Company’s recently completed Gochager Lake drill campaign and recently acquired Chilean and Labrador properties. Gochager Lake drilling: Cameo Cobalt successfully completed a $250,000 drilling campaign at its Gochager Lake copper-cobalt-nickel property in Saskatchewan. Both completed drillholes GL18001 and GL18002; amounting to 725.4m of drilling, were designed to test sections of reported high-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 intersected similar zones of mineralization and extended the known mineralization to depth. The Company eagerly awaits assay results from an accredited laboratory in Saskatoon, Saskatchewan. Cameo Cobalt has continued to expand its energy metal project portfolio with the recent acquisitions of the following projects: Carrizal Alto Project Highlights: 456 hectares in Carrizal Alto, Chile; Adjacent to site that has a significant history of cobalt production as reported by Genlith Inc. (www.genlith.com); Government reports support Carrizal Alto’s potential to yield high-grade cobalt deposits. Although being adjacent to reported cobalt production points to exploration potential on Cameo Cobalt’s Carrizal Alto project, no qualified person for Cameo Cobalt has visited the site nor verified the information and such proximity is not necessarily indicative of mineralization on Cameo’s property Staghorn Lake Cobalt Project Cameo’s Staghorn Lake Cobalt Project combines claims owned by Labrador Cobalt Corp (now a wholly owned subsidiary of Cameo Cobalt Corp; see Cameo Cobalt news release dated May 14, 2018) with the original 6 Staghorn Lake claims to form a regional cobalt (Co), nickel (Ni) and copper (Cu) exploration target. The claims are located in 12 separate blocks totaling 4550 hectares spread over a 1000 square kilometer area in northern Labrador. The Staghorn Cobalt Project covers numerous Co, Ni and Cu showings described in the Newfoundland and Labrador Depart...