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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 3/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2018: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 20m @ 19.3% TGC from 30m. Comet Resources Limited (ASX: CRL) (Comet) conducted a 220 sq km detailed | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A. Cooper (Internal) | |
| ABSTRACT: | Comet Resources Limited (ASX: CRL) (Comet) conducted a 220 sq km detailed aeromagnetic survey over the Springdale Graphite 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% tested). Comet’s current drill program has already made a new high grade graphite discovery. This new discovery along with the Western Zone, discovered in 2016, and the Eastern Zone, discovered in 2017, demonstrates the prospectivity of the Springdale Project. A reverse circulation (RC) drill program was designed to test a number of selected aeromagnetic targets. 93 shallow, reconnaissance style, RC holes were drilled between December 2017 and February 2018 for a total of 5320 metres (m). Drilling has discovered a new high grade graphite horizon in the northern fold closure (Figures 1 and 2). This release focuses on this exciting new discovery known as the Northern Zone. The Northern Zone is located within an interpreted fold closure (Figure 1). The aeromagnetic survey identified this as a high priority structural target with the potential for a thicker and higher grade graphite horizons. RC holes were drilled 30m apart to a nominal depth of 50m. Five irregular 200-300m spaced lines, utilising existing tracks, tested different sections of the prospective stratigraphy (Figure 1). This was a previously untested target and the objective was to locate any graphitic horizons for further drill testing. The drill line in the northern portion of the prospective stratigraphy was successful in locating a new high grade graphite zone. This Northern zone is open at depth and along strike. | |
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