COMET REPORTS RESULTS FROM TROILUS EAST EXPLORATION PROGRAM
Identifies three highly prospective geological wide spaced gold-in-till anomalies
"We're excited by the potential we're seeing at Troilus East. The summer exploration program successfully identified promising targets on wide line spacing, laying the groundwork for more focused and dense sampling in future phases," commented
Exploration Program Highlights:
- Three gold-in-till anomalies identified along interpreted geophysical structure, on trend with the Parker intrusion contact (Figure 2)
- Cluster of outcrop rock samples ranging from 0.055 g/t to 0.224 g/t (Figure 3)
Troilus East 2024 Exploration Program
The 2024 exploration program at the Troilus East Property included detailed glacial till geochemical surveys and prospecting efforts targeting gold, copper, and lithium mineral systems. The exploration activities were carried out
The till sampling program focused on both regional and in-fill sampling:
- Coverage: ~9,000 hectares, with 500-metre line spacing for regional sampling.
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Till Sample Collection: 873 samples, including approximately 623 regional and approximately 250 in-fill fine fraction till samples, which provided enhanced coverage across the Troilus East Property.
A geological mapping and prospecting crew conducted up-ice programs to trace the sources of previously identified gold, copper, and lithium anomalies. The exploration team focused on locating and sampling mineralized boulders and outcrops that could help define future drill targets.
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Rock Sample Collection: 142 samples were collected from boulders and outcrops.
The exploration program's primary goals were to establish a systematic till sampling grid, refine the search area for potential bedrock sources of gold, copper, and lithium, and progress toward defining drill targets. To support this effort, the Corporation engaged
The exploration program resulted in identifying three (3) discrete gold-in-till anomalies along the interpreted geophysical structure on trend with the Parker Intrusion contact (Figure 2). The mid-section anomaly also corresponds to the gold-in-till anomaly identified during the 2020 till program (Figure 2). These regional targets are to be followed up with infill till sampling, and additional boulder and outcrops prospecting. Pending positive results from the future infill till sampling, the Corporation would anticipate conducting Induced Polarization surveys and identifying potential drilling targets.
A cluster of outcrop samples identified gold anomalies ranging from 0.055 g/t to 0.224 g/t (Figure 3). Two of these samples are in a foliated basalt with rusty quartz veins and the other one, grading at 0.224 g/t, is in a gossanous gabbro. These samples are along the same trend as the gold-in-till anomaly and could be near the source of the gold-in-till anomaly down ice from these outcrops.
Marketing Activities:
We invite investors to visit our website to keep up to date with Comet Lithium's marketing activities, including conferences that our team will be attending and/or exhibiting.
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London |London, United Kingdom |November 14-15, 2024 -
Swiss Mining Institute |Zurich, Switzerland |March 18-19, 2025
Documents & Figures
Troilus East Maps, Images and Figures
Cautionary statements
Grab samples are selective by nature and may not be representative of mineralized zones.
QAQC
A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the sampling program.
All till and rock samples were collected under the supervision of
Approximately one kilogram of till material was collected from each sample site and shipped to
Approximately one kilogram of rock material was collected from each sample site and shipped to
Qualified Person
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Comet Lithium is a dynamic focused exploration company active in the prolific
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Comet Lithium, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including if any future drill targets will be identified from the Troilus East 2024 exploration program, if any additional exploration program, including infill till samplings, Induced Polarization surveys or drilling, will occur on the Troilus East Property, the extent and the timing to conduct such exploration programs, and the results of such exploration programs, and if any discoveries will occur on the Troilus East Property ,and if it does so, what benefits Comet Lithium will derive from any such exploration programs or discoveries. Forward-looking information is based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Comet Lithium's control. These risks, uncertainties and assumptions include, but are not limited to the risks, uncertainties and assumptions described under "Financial Instruments" and "Risk and Uncertainties" in Comet Lithium's Annual Report for the fiscal year ended
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