Cameo Cobalt Awarded Gochager Copper-Cobalt-Nickel Project Exploration Permit

Cameo Cobalt (TSXV:CRU,OTC:CRUUF,FWB:SY7D) has announced that the Saskatchewan ministry of environment has awarded the company the necessary permits to conduct mineral exploration activities at the company’s Gochager copper-cobalt-nickel project.

The company plans to mobilize drill equipment and personnel to Missinipe, Saskatchewan starting the week of May 28, 2018. Cameo Cobalt anticipates diamond drilling will commence the week of June 4, 2018.

As quoted in the press release:

Recently, Cameo Cobalt consultants were successful in identifying several historic drill casings at the Gochager Lake property and specifically drill casings directly over top the Gochager Lake deposit. Forty plus drill casings were identified and recorded. Utilizing historic plan maps and modern photo imagery the company has re-constructed the historic drilling plan map and has confirmed the location of historic drillhole I-12. Historic drillhole I-12 returned an assay interval consisting of 0.57 percent nickel, 0.12 percent copper / 294.1m inclusive of higher-grade intervals of 1.04 percent nickel, 0.22 percent copper / 34.3m and 2.36 percent nickel, 0.35 percent copper, 0.14 percent cobalt / 9.7m.

Available historic data reports the assaying of cobalt; however, the historic records are very incomplete. Cameo Cobalt plans to intersect the above mentioned higher-grade mineralized intercepts with drillholes drilled in an orientation to confirm the copper-cobalt-nickel mineralization and to better reflect the true thickness of these intervals.

Click here to view the full Cameo Cobalt (TSXV:CRU,OTC:CRUUF,FWB:SY7D) press release.