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Komet Resources Inc.

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Summary

Project:

Dabia South

Deposit:Dabia South
Location:Mali
Commodities:Gold
Date:8/23/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:23-8-2017: Komet Resources Inc. announces an Exploration/Drilling Update report for its Dabia South deposit at the Dabia South project. Drilling results incl. 11m @ 3.44g/t Au from 0m. Quebec, August 23, 2017 – Komet Resources Inc. (“Komet” or “the Compan
Resources:x
CP/QP:[Overall Report]: Jacques Marchand (Not stated)
ABSTRACT:Quebec, August 23, 2017 – Komet Resources Inc. (“Komet” or “the Company”) is pleased to announce the end of its drilling program on the Kabaya zone on the Dabia South permit (previously known as Moussala) in Mali. 53 holes of reverse circulation (RC) drilling were completed for a total of 4243 meters and 4233 samples were analyzed in addition to 248 blanks, 249 standards and 249 duplicates. The Dabia South permit is located in the Senegalo-Malian shear zone which is already host to several important gold deposits such as Fekola (5M ounces) located at only 20 km to the west and Loulo (12M ounces) at 50 km north. The Kabaya zone is oriented north-south and is traced over a strike length of 500 m, a width of 230 m and a depth of 80 m. Furthermore, with the addition of the last results, the south-west extension is traced over a length of 200 m and a width of 50 m, also with a depth of 80 m. The gold-rich zone is open in all directions except towards the north where it may be shifted eastwardly according to an apparent pattern on surface which seems to move mineralized sections between 25 and 30 meters to the east progressing to the north. Following the verification of the analyzed results, of the mineralogy and of the density of material, Komet will prepare a preliminary resource calculation of the near-surface portion of the Kabaya zone and a NI43-101 compliant report.

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