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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-11-2016: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 15.6m @ 10% TGC from 30.4m. During the September quarter Comet Resources Limited (ASX: CRL)(Comet) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A. Cooper (Internal) | |
| ABSTRACT: | During the September quarter Comet Resources Limited (ASX: CRL)(Comet) conducted a diamond and aircore drilling program at the Springdale Graphite Project Western Australia. 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 the first two diamond drill holes are now available. A number of samples from HD001 and HD002 have been selected for further test work. This will include 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. Comet completed a successful first pass aircore drilling program comprising 11 holes for 324 metres in February 2016. This February 2016 program confirmed that graphite was present in a prospective zone/horizon. All 11 holes intersected graphite mineralisation over approximately 500 metres of strike dip to the east. | |
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