Comet Resources Commences Drilling at Springdale Project
West Perth, WA / December 12, 2017 / JMN Wire / Comet Resources Ltd (ASX: CRL) is pleased to announce the commencement of 5000 metres of reverse circulation (RC) drilling at the Springdale Graphite Project in Western Australia. This program will test five high priority graphite targets and a cobalt and nickel target identified by Southern Geoscience Consultants (SGC).
Target 1: This target contains HD018 which intersected 5.6 metres @ 7% Total Graphitic Carbon (TGC) from 15.5 metres, 2.6 metres @ 5.3% TGC from 33.3 metres, 4.6 Metres @ 15.8% TGC from 39.8 metres including 3.1 metres @ 21% TGC and 11 metres @ 25.6% TGC from 49.4 metres including 9 metres @ 30.2% TGC (high grade zone). Planned drilling with test depth and strike extensions to these graphite intersections.
Target 2: Is immediately adjacent to Target 1 with a comparable geological setting. There has been no drill testing to date.
Target 3: Is in an area interpreted to be a fold closure, a promising prospective structural setting that is now a priority drill target for Comet. It is believed that this target may host a wide graphite horizon resulting from thickening of the prospective stratigraphy within the fold closure. Comet has already identified broad zones of graphite mineralisation proximal to Target 3 including HD016 which intersected 15.5 metres @ 7.5% TGC and 14 metres @ 6.6% TGC representing approximately 30 metres of graphite mineralisation in one hole. The recently completed diamond drill program confirmed significant thicknesses of graphitic material in this area.
- A 5,000 metre RC drilling program has commenced;
- Drilling to test 5 high priority graphite targets;
- Target 1: Detailed drilling to test strike and dip extension to DH018 which intersected multiple high grade graphite zones including 9 metres at 30.2% TGC;
- Drilling will also test for cobalt and nickel mineralisation;
- Graphene metallurgical test work continues.