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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 2/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-2-2017: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 13m @ 10.9 TGC from 7m. During September and October 2016 Comet Resources Ltd (ASX: CRL) (“Comet” o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: A. Cooper (Internal) | |
| ABSTRACT: | During September and October 2016 Comet Resources Ltd (ASX: CRL) (“Comet” or the “Company”) conducted a reconnaissance aircore drilling program at its 100% owed Springdale Graphite Project in the Great Southern region, approximately 30 km east of Hopetoun, Western Australia. The program produced the highest 1 meter intersection to date of 39.7% Total Graphitic Carbon (TGC) in hole H0065 as part of a 13 meter intersection @ 10.9% TGC. This hole is on the most Northern drill line. Hole H0100 intersected 4 metre @ 6.6% TGC on the most Southern drill line. Hole H0082 intersected 5 meters @ 4% TGC and 2 meters @ 25.9% TGC in the last two metres of that hole. This is the most Eastern hole drilled. (Figure 1) Three zones of graphite mineralisation have been identified. Each zone reported high grade graphite (+15% TGC). There are several graphite horizons within each zone. Graphite has been detected in holes H0065 and H0100 approximately three kilometres apart but these appear to be on two different zones. (Figure 6) The program achieved its designed purpose demonstrating the continuity of graphite mineralisation over several kilometres of strike. The mineralisation is still open along strike and at depth in all zones. Further Diamond and aircore drilling is planned to commence early 2017. A total of 103 aircore holes were drilled for 2,577 metres. A total of 44 holes had graphite mineralisation logged in them. Logged graphite samples were submitted to ALS Minerals for analysis of Total Graphitic Carbon. | |
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