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Comet Resources (ASX:CRL) has been granted a trading halt by the ASX, with its shares placed in pre-open.
Comet Resources (ASX:CRL) has commenced drilling at its Springdale Graphite Project near Hopetoun in Western Australia to collect samples for further graphene metallurgical testwork.
The program consisted of four diamond drill holes for 282 metres and 103 aircore holes for 2,577 metres. The results for the first two diamond drill holes have been received: - 15.6 metres at 9.9% TGC (total graphitic carbon) from 30.4 metres including 7 metres at 20.8% TGC from 31 metres; - 8 metres at 9.9% TGC from 44 metres including 2 metres at 22.3% TGC from 44 metres. Comet has selected a number of drill samples for further test work.
Comet Resources Ltd (ASX:CRL) has completed a drilling program to define the strike extension of a newly discovered graphite zone at the Springdale project near Hopetoun in Western Australia. The company is awaiting assay results for the program which consisted of four diamond drill holes for 282 metres and 103 aircore holes for 2,577 metres. All four diamond holes intersected graphite mineralisation with widths over 10 metres.
Comet Resources Ltd (ASX:CRL) will conduct a drilling program primarily aimed at unlocking the graphite potential of the Springdale project near Hopetoun in Western Australia. The project is part of the Albany-Frazer Orogen which hosts the historic Halberts Graphite mine near Munglinup. The Munglinup area has produced the bulk of Western Australia’s recorded graphite production. Comet conducted first pass aircore drilling program at Springdale in February 2016, drilling a total of 11 holes for 324 metres.
Comet Resources Ltd (ASX:CRL) has intersected graphite resources from first pass drilling at the Springdale project near Hopetoun in Western Australia, sending the share price flying. The discovery was within the southern margins of the Yilgarn Craton and constitutes part of the Albany-Frazer Orogen which hosts the historic Halberts Graphite mine near Munglinup. The results from the earlier drilling program included hits of: 10 metres at 9.
Comet Resources Ltd (ASX:CRL) is a diversified explorer focusing on gold and copper in New South Wales and Western Australia.
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