Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2021.
Highlights:
• Acquisition of highly prospective copper-gold projects in Northern Territory
• Completion of soil geochemical sampling and commencement of airborne geophysics at the Barraba Copper Project
• Advancing pre-drilling exploration activities and permitting at the Santa Teresa Gold Project
Post Quarter End:
• Graphite metallurgical test work update
Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2021 (the Quarter). During the Quarter the Company announced the acquisition of a suite of copper-gold projects in the Northern Territory and completed a placement of $1,000,000 of shares to new strategic investors. The Company also progressed work programs on its Barraba Copper Project and the Santa T
Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2020 (the Quarter).
Highlights:
• Successful completion of a Share Purchase Plan, which raised $1 million
• Santa Teresa Gold Project initial JORC compliant Inferred Mineral Resource estimate of 88.6koz at 7.47g/t gold Knowledge gained to be used to assist in planning for Comet’s upcoming drilling program
• Appointment of Interminco Services as Project Manager for Santa Teresa
• Initial Field Program completed at the Murchison Mine at the Barraba Copper Project Extensive surface mineralisation identified
Post Quarter End
• High Grade Copper and Zinc assays received from Initial Field Program at the Murchison Mine at the Barraba Copper Project
Comet has now received complete assay results from samples taken from the historical high grade Murchison Copper Mine site and the Gulf Creek North prospects.
Highlights:
Copper assay results up to 4.6%, zinc up to 4.0% and cobalt up to 0.7% from mine dump samples at the historic Murchison Mine site
Soil geochemical sampling and analysis confirms surface copper mineralisation around the Murchison Mine, with mineralisation open to the West and East
The above results have now confirmed that the Murchison Mine is a high priority drill target within the broader Barraba Copper Project
Further exploration works being planned to follow on from these encouraging results