- 456 hectares in Carrizal Alto district, Chile;
- Adjacent to historic operating site that has Chilean government production data with high-grade cobalt, as reported by Genlith Inc.
The Chilean National Service of Geology and Mining, Sernageomin, performed preliminary work on the La Cobaltera and Carrizal Alto areas in 2008. A November, 2017, report by Chile’s Corporation for the Promotion of Production (CORFO) states that the San Juan district has cobalt mineralization in veins and mantos (hydrothermal bedded deposits). The report identifies the land package Cameo Cobalt has secured as within one of the main areas of cobalt mineral potential in Chile.
In the San Juan-Carrizal district, primary cobalt mineralization occurs as cobaltite, a cobalt sulpho-arsenide. At surface, cobalt occurs as a secondary oxidized mineral, erythrite, a cobalt arsenate. Mineralization occurs mainly in veins and mantos with average cobalt concentrations of 1.6 per cent for primary ore, and up to 6.4 per cent for secondary oxidized ore.
Most recently the Geological and Mining Service of Chile carried out regional sampling of mineralization and hydrothermal alteration systems in the metallogenic province of the Coastal Cordillera of the Atacama and Coquimbo regions. Geochemical data were processed and analyzed by Artificial Neural Nets (ANN). No significant modern exploration or drilling has taken place in the region since then, which has historically been well-endowed with copper and cobalt.