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Comet Resources discovers more gold mineralisation at Santa Teresa ahead of drill program
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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 Resources Limited (ASX:CRL) is pleased to announce that its Project Manager for the Santa Teresa Gold project, Interminco Services Limited, has made significant progress in Baja California Norte, Mexico, having recently appointed a local geological consultant, Minera Cascabel, which operates a Joint Venture with the Imdex Group based in Tucson, Arizona.
Highlights
Project Manager Interminco Services making significant progress on the Santa Teresa Gold Project in Baja California, Mexico
Appointment of local geological consultancy Minera Cascabel to assist with geological programs, including permitting of drilling
Drilling expected to commence in Q1 2021
Prior to drilling, a mapping and trenching program focussed on vein outcrops will assist with final drill-hole positioning