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Comet Resources intersects broad widths of high-grade graphite in first diamond hole at Springdale

Drilling encountered consistent total graphitic carbon values of more than 20% with the diamond core also providing a bulk sample for metallurgical test work.

Comet Resources Ltd - Comet Resources intersects high-grade total graphitic carbon up to 28.6% at Springdale
A very high-grade intersection of 28.6% total graphitic carbon (TGC) from 76-77 metres

Comet Resources Ltd (ASX:CRL) has intersected 57 metres of high-grade total graphitic carbon (TGC) at a shallow depth in the first diamond drill hole at Springdale Graphite Project in Western Australia.

The hole targeted identified high-grade graphite in the Northern Zone and intersected 57 metres of 22.38% TGC from just 35.5 metres downhole along with 4 metres at 10.45% from 24 metres.

Drilling encountered very consistent TGC values of greater than 20% and the results suggest excellent reconciliation between diamond and reverse circulation drilling.

"Wonderful results"

Comet's chief executive officer Philippa Leggat said: “What wonderful results from the first diamond drill hole into the Northern Zone especially considering how high the grade is over such a broad zone.

“These results have reconfirmed the company’s strategy to focus on the shallow, high-grade mineralisation at Springdale."

Drilling cross-section looking north north-west

The diamond drill core from this hole has provided a bulk sample for priority metallurgical test work.

“Diamond core from this hole is now in the metallurgical lab for characterisation and flotation test-work," Leggat said.

“From this work and over the coming weeks we anticipate a series of important results relating to initial recoveries and flake distribution.

"On from that, we will continue to optimise the results across a broader range of samples.”

A total of 12 pre-collared diamond drill holes were completed for 1,005.7 metres between late August and mid-September at Springdale.

The holes were designed to provide bulk sample material for detailed metallurgical test work as well as provide geological and structural information on the high-grade graphite mineralisation at the Northern and Western resource areas.

Notable intersections

Leggat added: “This is an exciting time for Comet with the balance of our drilling results to come and metallurgical results to follow.”

Quick facts: Comet Resources Ltd

Price: 0.021 AUD

Market: ASX
Market Cap: $11.53 m

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