Business
Cameo Industries Engages JDS Energy & Mining to Conduct Comprehensive Assessment of Max Mill and Mine
VANCOUVER, British Columbia, April 30, 2019 (GLOBE NEWSWIRE) -- Cameo Industries Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":" VANCOUVER, British Columbia, April 30, 2019 (GLOBE NEWSWIRE) -- Cameo Industries Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is pleased to announce it has formally engaged JDS Energy & Mining Inc. (“JDS”) to conduct an assessment of its MAX Mill and Molybdenum Project. JDS will conduct a preliminary site visit in order carry out a comprehensive assessment of the MAX Mine Concentrator in May 2019. The objective of this initiative is to determine the estimated 2019 replacement cost of the MAX Mine and Mill. The report will depict equipment conditions and provide recommendations for critical equipment/facility upgrades that may be needed. JDS’ initial mine site investigation will be comprised of: Inspection of the water management and treatment facilities, site roads and sewage treatment; Inspection of all rotating equipment such as pumps, gearboxes, etc.; Inspection of all valves, pipefittings, crushers, mills, flotation cells etc.; Inspection of all existing infrastructure including insulation, siding, leakage, HVAC, walkways etc.; and, Analysis of all existing technical documents including operating manuals, drawings etc. Once complete Cameo Industries can ensure that all general safety conditions are in place and that the company is compliant with the BC Mine Act, as well as all Electrical and Building Codes. Additionally, Cameo will leverage conclusions derived from JDS’ assessment report to identify potential opportunities related to mill performance, mine recovery and throughput. Akash Patel, Chief Executive Officer and a Director of Cameo, stated: “JDS is uniquely qualified to complete this evaluation due to their proven experience performing similar projects. The insights provided by the JDS Mining & Energy Assessment will guide management in making mission critical decisions for the future development of the Max Mine and Mill.” MAX MILL AND MOLYBDENUM PROJECT The MAX Property covers more than 5,200 hectares near the community of Trout Lake in southeastern B.C., and includes the Max Mill and the underground workings of the MAX molybdenum project. The MAX Molybdenum project was explored by Newmont Exploration Canada Inc. in the late 1970’s and early 1980’s, including development of an underground access adit, rock dump, and roads. The MAX molybdenum project mill is the suggeste...