QUEBEC CITY, QUEBEC--(Marketwired - May 25, 2017) - Komet Resources Inc. ("Komet" or the "Company") (TSX VENTURE:KMT) is pleased to announce the first drilling results on the Guiro South zone, 488 meters south to the Guiro mine.
Following the sampling results on this new zone announced in the March 29, 2017 press release, three holes were core drilled over an area of 40 m in width by 80 m in length and confirmed a striped and coiled vein that appears parallel and similar to the Guiro vein. These three holes intercepted the structure, but hole 1 did not contain the mineralized vein. The two mineralized stacks encountered at 40 m depth have an average (true) width of 0.91 m and an average grade of 7.6 g / t Au. This grade is of the same order as that found in the grooves of gold pits (March 29, 2017 press release). Two visible gold points are present in Survey 2. Following those excellent results, a drilling campaign of at least 1000 meters is underway.
Summary table of the results from the mineralized zone:
| Hole | From (m) | To (m) | Length (m) | True width | g/t Au |
| Gs2017dd02 | 52.45 | 52.90 | 0.45 | 0.39 | 0.82 |
| Gs2017dd02 | 52.90 | 53.46 | 0.56 | 0.48 | 0.46 |
| Gs2017dd02 | 53.46 | 54.03 | 0.57 | 0.49 | 10.62 |
| Gs2017dd02 | 54.03 | 54.70 | 0.67 | 0.58 | 7.17 |
| Gs2017dd02 | 54.70 | 55.76 | 1.06 | 0.92 | 0.36 |
| Gs2017dd03 | 53.43 | 53.78 | 0.35 | 0.30 | 1.97 |
| Gs2017dd03 | 53.78 | 54.30 | 0.52 | 0.45 | 8.64 |
| Gs2017dd03 | 54.30 | 54.64 | 0.34 | 0.29 | 0.73 |
| Gs2017dd03 | 54.64 | 55.64 | 1.00 | 0.87 | 0.55 |
Reminder of the results from the March 29, 2017 press release.
Summary of results from selected samples from gold panner's bags:
(concentrated samples not representative of the mineralization hosted on the property)
| Samples | Au g/t |
| 201709011 | 10.87 |
| 201709012 | 9.74 |
| 201709119 | 23.61 |
| 201709120 | 24.35 |
| 201709121 | 36.42 |
| 201709122 | 22.88 |
Summary of results from perpendicular channel sampling:
(Channel length represents the full true width)
| Samples | Geological unit | Au g/t | Channel length (cm) |
| 201709155 | Quartz vein | 11.11 | 31 |
| 201709156 | Wall | 0.74 | 10 |
| 201709157 | Quartz vein | 11.13 | 29 |
| 201709158 | Quartz vein | 4.88 | 30 |
| 201709159 | Quartz vein | 8.13 | 30 |
| 201709160 | Wall and Quartz vein | 3.37 | 30 |
| 201709151 | Quartz vein | 23.8 | 68 |
| 201709152 | Quartz vein | 11.1 | 73 |
| 201709153 | Quartz vein | 17.2 | 69 |
| 201709154 | Quartz vein | 11.4 | 70 |
| 201709148 | Quartz vein | 2.21 | 45 |
| 201709149 | Quartz vein | 10.58 | 45 |
| 201709150 | Wall | 0.99 | 45 |
Mr André Gagné, president and CEO declares: "We are very enthusiastic about this new discovery close to the Guiro mine and its facilities. Those results are very encouraging for the future growth of mine production by the Company."
All assays reported were obtained by standard 30 grams fire-assaying-AA finish or gravimetric finish at the Company's mine site laboratory. Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices, including the introduction of standards or blanks with every batch of 3 samples analyzed.
More information about the corporation is available at: http://kometgold.com.
Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.
