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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 5/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-5-2019: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Amended previous announcement to include additional figures. Following on from the success of discovering the high-grade N | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A Cooper (Internal) | |
| ABSTRACT: | Following on from the success of discovering the high-grade Northern Zone and the completion of the Maiden Resource Estimate, Comet planned an RC drilling program to test two undrilled high priority graphite targets (see tested targets in figure 1). Target areas were defined using aeromagnetic data to define stratigraphy prospective for graphite mineralisation. Review of the aeromagnetic data with existing drill hole information identified that graphitic horizons intersected in existing drilling were located in distinct magnetic lows. Targets were further refined by ground electromagnetic (EM) surveys completed by Southern Geoscience Consultants Pty Ltd. Several conductors of interest were identified in these surveys, two of which were successfully tested in the recent RC drilling program. Having identified the new graphitic horizons, Comet will focus on further defining the high-grade zones with additional RC and diamond drilling over the coming months. About the Springdale Graphite Project in Western Australia The 100% owned Springdale graphite project is located approximately 30 kilometres east of Hopetoun in south Western Australia. The project is situated on free hold land, with good access to infrastructure being within 150 kilometres of the port at Esperance via sealed roads. The tenements lie within the deformed southern margin of the Yilgarn Craton and constitute part of the Albany-Fraser Orogen. Comet owns 100% of the three tenement’s (E74/562, E74/583 and E74/612) that make up the Springdale project, with a total land holding of approximately 220 square kilometres | |
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