BIG MAC GOLD PROJECT
The Big Mac gold project consists of 12 mineral claims structured into three tenure blocks. The district-scale project comprises a total of approximately 9,264 hectares (about 22,881 acres). The project offers close proximity to the Essay Creek access road and the newly constructed Alta Gas McLymont hydro-power facility.
The Big Mac gold project also represents the largest claim package contiguous with Aben Resources' Forrest Kerr gold project which recently disclosed drill results indicating multiple high-grade zones including 62.4 g/t gold over 6.0m within 38.7 g/t gold over 10.0m at its Forrest Kerr project (see Aben Resources news release dated August 9, 2018).
The specific location of the Big Mac gold project is of interest as it not only surrounds much of the Forrest Kerr gold project being advanced by Aben Resources, but it also contains significant tenure held in the past by Barrick Gold. Aben Resources also recently provided an update acknowledging the discovery of a 'south boundary' mineralized zone 1.5km south of north boundary zone at its Forrest Kerr project in BC's golden triangle (see Aben Resources news release dated August 23, 2018).
The Barrick Gold area is of interest to the Big Mac gold project as it is situated in a comparable environment to the Carcass Creek and Boundary zones recently drilled by Aben Resources, being both situated east of the Forrest Kerr fault structure and mapped within Hazelton group volcanics, specifically the Hazelton group volcanics. The target environment at the Big Mac gold project is the volcanic settings (Stuhini group and Hazelton group volcanics) known to host mineralization elsewhere in the immediate area.
Receding glaciation within the Golden Triangle has opened new exploration opportunities and physical access not previously available under historic exploration activity. Additional regional activity has yielded encouraging drill results including Golden Ridge Resources announcing a porphyry copper-gold discovery at its Williams zone intersecting 327m with grades of 0.31% Cu, 0.35 g/t Au, 1.94 g/t Ag.
Project Development Plans
Cameo is currently preparing for an aggressive exploration program on this property. This project includes ground-based geophysical surveying, soil sampling, mapping, and prospecting. The Company is going to use the results of the Phase I to generate drill targets on the Big Mac.