Cameo will acquire the claims for a consideration of its 20,000 common shares. Credit: Khusen Rustamov from Pixabay.

Cameo Cobalt has entered into an asset purchase agreement with an unidentified third party to acquire three mineral claims adjacent to its Big Mac gold property in British Columbia.

Under the agreement, Cameo will acquire the claims for a consideration of its 20,000 common shares.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Comprising 12 mineral claims structured into three tenure blocks, the Big Mac gold project shares over 30km of contiguous claim boundaries on the east and west sides of Aben Resources’ Forrest Kerr gold project.

The project is also located just north of properties owned by Garibaldi Resources and Colorado Resources, and Cameo is set to finalise geochemistry survey and soil sampling initiatives at the Big Mac project for the 2019 summer exploration season.

Ridgeline Exploration Services is expected to be contracted to manage the company’s summer exploration campaign in the Golden Triangle.

“Under the agreement, Cameo will acquire the claims for a consideration of its 20,000 common shares.”

In addition, Cameo announced that Campbell & Walker Geophysics is completing a 3D modelling of a strong magnetic anomaly stretching over 5km in a generally north-northeast trend across the Big Mac East block claims.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company intends to leverage the completed 3D model of the Big Mac anomaly to identify one or two drill holes.

In September last year, Cameo completed a helicopter-based magnetic survey over the property, consisting of 773 line kilometres at 150m spacing.

Located in British Columbia’s prolific golden triangle, the Big Mac gold project covers 9,171ha in two separate claims blocks.

The acquisition of claims is subject to the approval of the TSX Venture Exchange.