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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2016: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 17.5m @ 11% TGC from 27.0m. Comet Resources Limited (ASX: CRL)(Comet) conducted a diamond and air | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A. Cooper (Internal) | |
| ABSTRACT: | Comet Resources Limited (ASX: CRL)(Comet) conducted a diamond and aircore drilling program at the Springdale Graphite Project Western Australia in the September quarter 2016. The program consisted of 4 HQ diamond drill holes for 282 metres and 103 aircore holes for 2,577 metres. The program tested Comet’s newly discovered graphite zone to determine the strike, distance, orientation and other prospective graphite zones. Results for all four diamond drill holes are presented in cross section below. Results for 40+ aircore holes and metallurgical test work are expected this quarter A Diamond and RC drilling program has been planned for early next year to extend this high grade graphite zone. The deeper diamond drilling graphite grades tend to be significantly higher than shallow aircore drilling. The reasons for this are to be explored with the next phase of drilling. A number of samples have been selected for further test work. This includes bulk sample metallurgical work, flake size determination and other test to determine products and purity. Historically Large to Jumbo flake sizes (>180µm) are common at the Springdale Graphite Project. Comet is the 100% owner of the 36 Graticule block Springdale exploration licence E74/562, located approximately 30 km east of Hopetoun, Western Australia. The tenement lies within the deformed southern margin of the Yilgarn Craton and constitutes part of the AlbanyFrazer Orogen, which hosts the historic Halberts Graphite mine near Munglinup (50km away). The Munglinup area has produced the bulk of Western Australia’s recorded graphite production. The tenement is over freehold land with sealed road access within 20km and is located approximately 150km from the port of Esperance. | |
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