Cameo plans to formally announce these strategic consultants upon official engagement.
Akash Patel, Chief Executive Officer and a Director of Cameo, stated: ‘2019 is set to be a transformative year for Cameo. With the addition of the Willa-Max, Cameo has redefined its corporate profile dramatically. Cameo’s Board is of the opinion that there is substantial shareholder value to be unlocked within our asset and property portfolios. The Company looks forward to advancing our exploration and development initiatives in an expeditious and responsible manner’.
MAX Mill and Molybdenum Project
The MAX Property covers more than 5,200 hectares near the community of Trout Lake in southeastern B.C., and includes the Max Mill and the underground workings of the MAX molybdenum project. The MAX Molybdenum project was explored by Newmont Exploration Canada Inc. in the late 1970’s and early 1980’s, including development of an underground access adit, rock dump, and roads. FortyTwo Metals Inc., the Vendor’s wholly-owned subsidiary, reportedly began mine development work and began commercial production in 2008. The mine production was suspended in September 2010 due to an underground pillar collapse, and was put into ‘care and maintenance’ in late 2011 due to continued low molybdenum prices.
The MAX molybdenum project mill is the suggested site for processing the gold-copper-silver ore from the Willa deposit, as described in the Willa PEA technical report (see below; Ash, et al., 2016). The MAX mill is located 142 km from the Willa deposit by road. Ash et al. (2016) noted that as of late 2015, the MAX mill had BCMEM permits in good standing, but they might need amending and/or extending if material is going to be shipped from the Willa Property and if new tailings are to be produced.
Willa Gold-Copper-Silver Project
The Willa Property, is a promising gold-copper-silver project with more than 500