CRUUF chart is hot and could be ready to breakout
Published: Wed, 03/20/19
 Subscribers, Forget the volatile markets. Forget trade deals. Forget Brexit. Today's trade has just arrived, and it looks seriously hot. It's time to get CRUUF on your radar now. Cameo Cobalt Corp. (CRUUF) acquires and explores energy metals projects. Cameo Cobalt has flagship battery metal projects in two of three historic Chilean cobalt producing regions. The Company’s Big Mac gold project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.’s Forrest Kerr gold project. CRUUF believes that the electric vehicle revolution is still in its infancy, yet cobalt production remains in a deficit position. Priced at just below $0.10 having traded on strong volume the past several weeks, and displaying a bullish flag formation, we think CRUUF could be an excellent candidate for those looking for gains.And BarChart.com agrees, giving it a strong rating on the short, medium and long term indicators.
Cameo Cobalt has three significant assets: the Carrizal and Montreal cobalt projects in Chile, as well as the Big Mac gold project located in BC’s prolific Golden Triangle. The Company has commitment to ethical energy metals exploration in the Southern hemisphere. Cameo Cobalt believes that the electric vehicle revolution is still in its infancy, yet cobalt production remains in a deficit position. CARRIZAL COBALT PROJECT • Chile’s CarrizalAlto’s historic cobalt region, located 100 kilometresnorth of the La Cobalteradistrict. • Cameo Cobalt’s flagship Chilean project is situated adjacent to GenlithInc.’s subsidiary, Chilean Cobalt Corp., as per Genlith’s April 11 news release. • 456 hectares in CarrizalAlto district, Chile; • Adjacent to historic operating site that has Chilean government production data with high-grade cobalt, as reported by GenlithInc. MONTREAL COBALT PROJECT • Consists of 16 mineral claims and comprises a total of 4,500 hectares. • Comprises a total of 4,500 hectares. The Company’s Montreal Cobalt Project is less than 2 kilometres away from the past producing Merceditasmine. • The acquisition has entrenched Cameo Cobalt in two of the three historic cobalt-producing regions of Chile. • Cameo Cobalt holds an option to acquire a 100% undivided, unencumbered legal and beneficial interest in the Montreal Cobalt Project, located 15 km southwest of Santiago in the past producing Metropolitan Region of Chile. 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) • Offers close proximity to the Essay Creek access road and the newly constructed Alta Gas McLymonthydro-power facility. • Represents the largest claim package contiguous with AbenResources’ 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. You can learn more about CRUUF on their website http://www.cameocobalt.com/ Recent Developments... A couple of days ago, CRUUF announced it had entered into an asset purchase agreement to acquire, from an arm’s length third party, three mineral claims adjacent to the Company’s Big Mac gold property. The Big Mac Gold Project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.'s Forrest Kerr gold project. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd. Under the terms of the Asset Purchase Agreement, Cameo has agreed to purchase the Claims for consideration of 20,000 common shares of the Company. The Asset Purchase Agreement and the purchase of the Claims by the Company are subject to the approval of the TSX Venture Exchange. Once issued, the common shares will be subject to a hold period of four months and a day from the date of issuance. You can read this press release in full at https://finance.yahoo.com/news/cameo-acquire-additional-claims-adjacent-040500194.html And last week, the Company announced it had undertaken a series of strategic corporate initiatives, including a comprehensive review of its recently acquired MAX Mill and Molybdenum Project. The Company is in the process of engaging a team of accomplished industry consultants, including mining engineers, geologists and financial advisors to administer an extensive review and analysis of the MAX Mill and Mine (the “MAX Analysis”). The MAX Analysis will include:
Cameo plans to formally announce these strategic consultants upon official engagement. You can read this press release in full at https://finance.yahoo.com/news/repeat-cameo-initiates-comprehensive-review-123000982.htmlRead all the latest news on CRUUF at https://finance.yahoo.com/quote/CRUUF In Conclusion... We think CRUUF could deliver some serious upside given the recent news, its bullish chart, the strong rating from BarChart.com and major uptick in recent daily volume. We urge you to get CRUUF on your radar and do your research immediately before the opening bell. All the best. SmallCapMomo.com admin@smallcapmomo.com --------------------------------------------------------------------------------------------------------
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