logo-loader
viewComet Resources Ltd

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: 0.025 AUD

ASX:CRL
Market: ASX
Market Cap: $6.94 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Comet Resources Ltd named herein, including the promotion by the Company of Comet Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

New era for Comet Resources with Philippa Leggat at the helm

Comet Resources Ltd (ASX:CRL) chief executive officer Philippa Leggat speaks to Proactive Investors for the first time in her new role with the graphite developer.   Leggat says she hopes to add value to the WA-based graphite and graphene company, utilising her nearly 20 years of...

on 22/5/19

2 min read