Cameo Cobalt has announced assays for drillhole GL18001 has confirmed the presence of massive sulphide mineralization with high-grade nickel and cobalt values within a 117.7 meter mineralized interval.
Cameo Cobalt (TSXV:CRU) has announced assays for drill-hole GL18001 has confirmed the presence of massive sulphide mineralization with high-grade nickel and cobalt values within a 117.7 meter mineralized interval.
According to the company, it recently completed 725.4 meters of drilling in two drill-holes, GL18001 and GL18002, at the Gochager Lake project, Saskatchewan. Both drill-holes were designed to test nickel, cobalt and copper mineralization reported in historic drill-hole I-12 drilled in 1966. Drill-hole I-12 had reported high-grade nickel and cobalt intersections occurring within a mineralized zone that assayed 0.57 percent nickel, 0.12 percent copper over 290.5 meters.
As quoted in the press release:
Cameo is very encouraged by these initial results and the presence of massive sulphide mineralization containing high-grade nickel and cobalt values within this broad mineralized system. The company has prepared a C$2,000,000 exploration plan and budget to be executed over the next 12 months. A major component of the budget will be to do follow-up borehole electromagnetic (BHEM) surveying of drill-holes GL18001 and GL18002 to delineate the zones of massive sulphide contained within both drill-holes and to identify additional massive sulphide lenses within the mineralized system.