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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 10/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2019: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 57m @ 22.38% TGC from 35.5m. Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to a | |
| Resources: | (Resource, Inf.): 15.6Mt @ 6.0% TGC | |
| CP/QP: | [Overall Report]: Bianca Manzi (Not stated) | |
| ABSTRACT: | Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce the high-grade results from the first hole of the recent diamond drilling conducted at its Springdale Graphite Project in southern West Australia. The first diamond drill hole targeting identified high-grade graphite mineralisation in the Northern Zone intersected 57 metres of high-grade graphite, from just 35.5 metres downhole. Comet Resources CEO, Philippa Leggat, commented: “What wonderful results from the first diamond drill hole into the Northern Zone, especially considering how high the grade is over such a broad zone! It also reconfirmed the Company’s strategy to focus on the shallow, high-grade mineralisation at Springdale. “Diamond core from this hole is now in the metallurgical lab for characterisation and floatation testwork. From this work and over the coming weeks, we anticipate a series of important results relating to initial recoveries and flake distribution. On from that we will continue to optimise the results across a broader range of samples.” “This is an exciting time for Comet, with the balance of our drilling results to come and metallurgical results to follow, investors can expect great news flow over coming weeks and months. ” | |
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