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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 10/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2018: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 46m @ 12.2% TGC from 38.0m. Comet Resources Limited (ASX: CRL) (“Comet” or the “Company”), is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A. Cooper (Independent) | |
| ABSTRACT: | Comet Resources Limited (ASX: CRL) (“Comet” or the “Company”), is pleased to announce interim results for the July/August 2018 RC drilling program at the Northern Zone. This report covers approximately 50% of the reverse circulation (RC) drilling completed during this program. Comet plans to release a maiden resource for Springdale after all results have been received and interpretation has been completed. Overview In September 2017 Comet conducted a 220 sq km detailed aeromagnetic survey over the Springdale Project in Western Australia (ASX release 10th November 2017). Interpretation of this survey delineated 26 kilometres of stratigraphy deemed to be prospective for graphite mineralisation (currently less than 20% of which is drill-tested). Stratigraphy in the Northern Zone was defined as a high priority drill target. RC drilling completed between December 2017 and February 2018 was successful in identifying high grade graphite mineralisation in the Northern Zone. Assay highlights from the initial drilling into this new discovery included: Using aeromagnetic data to follow stratigraphy prospective for graphite mineralisation in conjunction with drilling results from the 2017/2018 discovery drilling, an RC drill program was conducted to test orientation and strike continuity of high-grade graphite mineralisation in the Northern Zone. This drilling was executed in July-August 2018. 47 shallow, reconnaissance style, RC holes were drilled for a total of 2,537 metres (m). To date assays for approximately 50% of the | |
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