Silver King North Project – Partial Magnetics Map
The presence of a potential caldera structure within the Silver King North Project is particularly relevant to note as recent exploration and knowledge developments in the area by New Nadina Explorations Ltd. have now determined the critically of an interpreted caldera as having a role in the recent discovery on their adjacent project. Of note, “[r]ecognoscente geological work has shown that the Silver Queen vein system and the recently drilled target are located within a caldera, which formed during repetitive explosive eruptions producing pyroclastic volcanic (tuffs)” (see New Nadina Explorations Ltd. news release dated October 27, 2017).
Subsequent to a due diligence review of regional technical materials by the Company, Cameo Cobalt Corp. has been able to also verify the presence of a magnetic structure that has remarkable shape similarity to one situe at the past producing Equity Silver Mine (see above) within the southern zone of the Caldera Prospect. Recent geophysical work at the Equity Silver Mine to the east of the Silver King North Project has identified that mineralization at that mine formed along a structural or stratigraphic break and was introduced by a monzonitic intrusion in close proximity to that break (see Alldrick, D. J. (2007): Geology of the Equity Silver Mine area, central British Columbia (NTS 093L / 01W); BC Ministry of Energy, Mines and Petroleum Resources, Open File 2007-9.)
The presence of a similarly shaped intrusion to the Equity Silver Mine within a prospective caldera (the “Caldera Target”) is viewed by the Company as area for immediate exploration follow-up; including as a prospect for a potential drill program in early 2018.