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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2017: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 11m @ 25.6% TGC from 49.4m. Comet Resources Limited (ASX: CRL) (Comet) recently conducted a large | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A. Cooper (Internal) | |
| ABSTRACT: | Comet Resources Limited (ASX: CRL) (Comet) recently conducted a large diamiter (PQ) diamond drilling program at the Springdale Graphite Project in Western Australia. The first drill hole (HD018) from the program intersected a new and very high grade graphite zone beneith existing mineralization (figure1). HD018 was drilled 1km east of the main graphite zone at Springdale (figure 2). It is very rare for a graphite deposit to be able to produce graphene using the exfoliation method. Graphene production is normally expensive to scale up, however the exfoliation method is believed to be a lower cost and scalable process. HD018 was a vertical PQ diamond hole drilled at 6,246,160m N and 258,105m E to a depth of 66.2m. The recently completed diamond drill program also tested the depth extension to hole HD016 which intersected 15.5 metres @ 7.5% TGC and 14 metres @ 6.6% TGC, representing approximately 30 metres of graphite mineralisation in one hole (figure 8). HD016 was drilled in the previous diamond drill program at the Springdale Project (completed July 2017) to further test the extension of graphite mineralisation to the north. Shallow aircore reconnaissance drilling intersected graphite mineralisation, including 13 metres @ 10.9% TGC & 10.8 metres @ 7.6% TGC. Diamond drilling has confirmed significant thicknesses of graphitic material, assay results are pending and expected in the next few weeks. | |
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