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Cameo Resources Acquires Silver King North Project Contiguous to New Nadina Explorations
VANCOUVER, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX-V:CRU) (OTC:SIDNF) (the “Company” or “Cameo Resources”) is pleased to
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX-V:CRU) (OTC:SIDNF) (the “Company” or “Cameo Resources”) is pleased to announce that it has entered into an agreement to acquire the Silver King North Project, a district-scale exploration property contiguous to New Nadina Explorations Ltd.’s Silver Queen Project. “The Silver King North Project is a fantastic opportunity for Cameo Resources and its shareholders. Unlike others, we will be an actual neighbour of New Nadina Explorations and their Silver Queen Project. Moreover, past geological mapping and geophysical work on the property has shown it to host significant target areas of immediate interest. By securing a district-scale land position, Cameo is well positioned to benefit from upcoming exploration on our new project as well as ongoing market interest in this historically-rich and prospective mineral district,” stated Akash Patel, President of the Company. About the Silver King North Project The Silver King North Project is located south of Houston, BC and is contiguous with the Silver Queen Project owned by New Nadina Explorations Ltd. It consists of two blocks containing 14 mineral licenses covering more than 16,273 ha (40,194 acres). In addition to a property border with New Nadina, the Silver King North Project also shares contiguous claims with publicly traded Tasca Resources Ltd. and most recently Resolve Ventures Inc. Historic exploration on the property and new compilation work has identified numerous target areas of immediate exploration interest to Cameo Resources across the geographic breadth of the project. In the western portion of the property, past geological mapping has identified the rare presence of Equity Mine Dacite. Equity Mine Dacite occurs infrequently in the region and is the ore-hosting unit at the Equity Silver Mine. The past-producing Equity Silver Mine delivered cumulative production of 33.8 million tonnes with an average grade of 64.9 g/t silver, 0.4% copper and 0.46 g/t gold (see MIN FILE No 093L 001). Equity Mine Dacite consists of flow banded to massive felsic flows, pyroclastic breccias, lapill tuff and dust tuff. The Silver King Project is accessible via a well-established and regularly maintained logging road. In the central portion of the property, which is located due north of New Nadina’s recent ...