LITHIUM
Dumont Project
The Dumont Lithium Project is located 6 km south and east of the proposed Nemaska Lithium mine and was acquired for its large number of identified pegmatites and its highly prospective position to locate additional pegmatite bodies which may have spodumene lithium potential. It covers 14,548 ha, approximately 35km in length by up to 6km in width, and is orientated SW-NE.
Recent exploration by Clean Commodities Corp. identified elevated lithium (344 ppm Li2O) sampled at the Dumont Lithium Project clustered along an approximate 300 metre strike with three other samples that also returned anomalous Li2O (129 ppm, 146 ppm, 174 ppm)(see Clean Commodities Corp. news release dated October 27, 2016). The anomalous zone of lithium discovered at the Dumont Lithium Project may be indicative ofhigher-grades present in the vicinity. A large portion of the project also remains to be prospected.
The Dumont Lithium Project is named in honour of Georges H. Dumont (1911-1999) a pioneer of the Quebec mining industry. Inducted into the Canadian Mining Hall of Fame, Mr. Dumont identified Quebec’s first lithium mine and was instrumental in discovering numerous lithium deposits in Quebec. Prior to his passing in 1999, Mr. Dumont called lithium “the metal of the future.”
Spodumene Lake Project
The Spodumene Lake Project covers 4,484 ha in the immediate vicinity of by Nemaska Lithium Inc.’s proposed Whabouchi lithium mine and is as close as 560 metres from the Nemaska Lithium Inc. Whabouchi project. The Spodumene Lake Project is roughly 13km in length and up to 6km in width. It is orientated SW-NE in similar trajectory to Nemaska Lithium’s project.
The Spodumene Lake Project after the shared lake connecting the project ground with that of Nemaska Lithium Inc. As reference, spodumene is a source of lithium in pegmatites.
Whabouchi Regional Lithium Project – Northern Quebec
Cameo’s Whabouchi Regional Lithium Project covers more than 19,000 hectares near Nemaska Lithium Inc.’s advanced Whabouchi lithium deposit. Cameo’s optioned Montagne Lake property covers 4,485 hectares and is located 3 km to the west of Nemaska’s Whabouchi lithium deposit. The Company’s optioned Dumont property covers an additional 14,550 hectares 7 km east of the deposit. Quebec’s Route du Nord highway crosses both properties.
“Cameo Resources is very excited to undertake our 2018 work programs. In conjunction with our partner Clean Commodities Corp., we are now the largest publicly traded company in terms of tenure in a district anchored by Nemaska Lithium’s prolific Whabouchi lithium deposit. Our recently announced option agreement puts Cameo Resources in a unique position to leverage the explosive growth in the lithium and energy metals sector,” stated Akash Patel, President of the Company.
Planned work will consist of traverses, mapping and sampling to identify potential lithium-bearing pegmatites following up on field work from the summer of 2016 which identified up to 344 ppm Li2O (equivalent to 160 ppm Li reported by independent Actlabs in Ancaster, Ontario) from 182 chip grab samples. The targeted pegmatites would carry the mineral spodumene akin to the lithium hosting mineral at Nemaska’s Whabouchi deposit. Should spodumene pegmatite dyke(s) be discovered, Cameo expects channel sampling and drill testing could occur by late summer 2018.
Nemaska Lithium Inc.’s nearby Whabouchi deposit is a feasibility-stage proposed lithium mine described in detail in a series of technical reports to the standards on Canadian Instrument 43-101, including most recently a Feasibility report dated May 19, 2016 (see website http://www.nemaskalithium.com for reports). Although Nemaska’s Whabouchi lithium deposit demonstrates the exploration potential for lithium in the area of Cameo’s properties, this proximity does not necessarily indicate similar occurrences will be found on Cameo’s properties.