Comet Resources Ltd (ASX:CRL) has intersected high-grade ore in the first hole of its diamond drilling conducted at its Springdale Graphite Project in southern West Australia.
The hole was targeting identified high-grade graphite mineralisation in the Northern Zone and intersected 57 metres of high-grade graphite, from just 35.5 metres downhole.
Highlights included:
Comet Resources CEO, Philippa Leggat, said the latest drilling confirms the consistent, shallow and high-grade nature of graphite mineralisation at the Springdale Graphite Project.
“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! It also reconfirmed the Company’s strategy to focus on the shallow, high-grade mineralisation at Springdale,” Ms Leggat said.
“Diamond core from this hole is now in the metallurgical lab for characterisation and floatation testwork.
“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.”
This is an exciting time for Comet, with the balance of our drilling results to come and metallurgical results to follow, investors can expect great news flow over coming weeks and months.”