Cameo Cobalt Samples 11.28% Cu and 0.13% Co at Flagship Chilean Carrizal Alto Project

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VANCOUVER, British Columbia, Dec. 06, 2018 (GLOBE NEWSWIRE) -- (the “” or “”) is pleased to announce that further to its news release dated October 4, 2018, the Company has received Cu assay and multi-element geochem results from its Carrizal Alto (“Carrizal”) hard rock sampling program. Cameo Cobalt is extremely encouraged by the initial sample results, which are bolstered by strong support from the Chilean Ministry of Mines pertaining to the development of the company's flagship energy metals assets.

The samples were collected during the initial site visit on October 11, 2018 by Cameo Cobalt personnel, and a consulting Chilean geologist (P.Geo) familiar with the area

The Company is currently collaborating with Ridgeline Exploration Services Inc., as well as its Chilean geological team, to formulate a detailed year-round exploration program focusing on its Chilean cobalt projects. Cameo Cobalt expects to commence a comprehensive work program on its Carrizal Cobalt project during the second quarter of 2019.

All rock samples were transported under strict chain of custody to the MS Analytical Laboratories in Vancouver, B.C. Each sample was crushed to 70 per cent passing two millimetres then a 250-gram split is taken and pulverized to 85 per cent passing 75 microns, subject to a four-acid digestion, and then analyzed by ICP-AES/MS for a 39-element package.  Cu was assayed for potential ore grade results.

Rock samples are selected surface grab samples and are not necessarily representative of the mineralization hosted on the property.

Akash Patel, CEO of Cameo Cobalt stated: “The Company is pleased to report its initial Carrizal sample assays to the market. Cameo will continue to advance its Carrizal Cobalt project and hone in on the cobalt mineralization.”

The area acquired is in Carrizal Alto's historic cobalt-producing region and is located 100 kilometres north of the La Cobaltera district.

Project highlights:

The Company’s Carrizal Cobalt Project is situated in part adjacent to Genlith Inc.'s Carrizal Alto Project (see Genlith's news release dated April 11). Genlith Inc. is a Pennsylvania-based holding company focused on energy storage and critical battery materials.

Genlith has reported that cobalt production occurred on its Carrizal Alto projects from 1844 through 1944, mostly for military applications ceasing at the end of the Second World War. Genlith’s Carrizal Alto development plans include expedited drilling and dimensioning programs on high-grade past producing mines with the objective of providing a clear path to full-scale production. This information is not necessarily indicative of the mineralization on Cameo’s property. Cameo personnel have not verified this information from Glenlith’s Carrizal Alto Project.

The Company’s Carrizal Cobalt claims map can be found by following the below URL link:

Dr. Harrison Cookenboo, Ph.D., P.Geo., is a qualified person as defined in National Instrument 43-101. He has reviewed and is responsible for the technical information presented in this news release.

For more information contact:(778) 549-6714

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Globe Newswire: 13:30 GMT Thursday 6th December 2018

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