Highlights:
- Fieldwork commenced at the Troilus East Project.
- Till sampling crews have been mobilized to the camp and have
begun work.
- The plan is to collect a total of 950 till samples from areas
up-ice of identified lithium, copper, and gold anomalies.
- The geology team will start boulder and outcrop
prospecting.
- A total of 31 traverses are planned for the program.
- Fieldwork is expected to be completed by early September, with
lab results anticipated in October.
Upcoming News:
- Assay Results from the June 2024
Liberty field program.
- Follow-up and new exploration programs on Liberty, Troilus and
newly acquired projects.
ROUYN-NORANDA, QC, Aug. 19,
2024 /CNW/ - Comet Lithium Corporation (TSXV: CLIC)
(FSE: 8QY) ("Comet Lithium" or the "Corporation") is
pleased to announce the commencement of a large-scale surface
exploration program at the Corporation's Troilus East project
("Troilus East Project"), located in the Chibougamau region of Québec
"The Troilus East Project is a vast, underexplored property with
very limited historical work completed. Situated in a geologically
fertile area, the project is surrounded by several significant
discoveries. We are excited to start this first phase of
exploration, which aims to narrow down the area of interest within
the Troilus East Project. The comprehensive geochemistry and
prospecting program will help determine the presence of metals
within the Troilus East system, as we continue developing a strong
exploration pipeline for new discoveries." commented Vincent Metcalfe, President & CEO.
Troilus East Exploration Program
The 2024 surface exploration program includes detailed glacial
till geochemical surveys and prospecting efforts covering several
areas targeting gold, copper, and lithium mineral systems. Given
the very limited amount of historical exploration across the
property the Corporation believes there is significant potential to
make new discoveries.
The primary goals of the exploration program at the Troilus East
Project are to systematically cover the property with a
comprehensive till sampling grid, narrowing down the search area
for potential bedrock sources of the lithium, copper, and gold
identified in previous sampling programs, progressing towards the
identification of drill targets. The Corporation has engaged
Dahrouge Geological Consulting Ltd. to strengthen its team for the
surface exploration program.
Till Sampling
The till sampling program will be conducted on two fronts. The
program will cover both the regional (500m line spacing) and in-fill sampling around
historical data, collecting an estimated 950 additional
samples. The additional samples will provide greater coverage over
the ~9,300ha project. A total of approximately 800 regional and 150
in-fill fine fraction till samples are planned for this
program.
Boulder and Outcrop Prospecting
A Geological mapping and prospecting crew will be in the field
starting August 16th
commencing up-ice programs to determine the sources of the
previously identified lithium, copper and gold anomalies. The crew
will be focused on searching for and sampling any mineralized
boulders or outcrops that could help identify future drill
targets.
A portable X-ray fluorescence ("XRF") machine will be stationed
in camp where samples will be scanned.
Field work will be completed by early September with lab results
expected in October.
Documents
Troilus East Exploration Program Images
Qualified Person
Vincent Cardin-Tremblay, P. Geo
(ogq #1386, PGO #3347), registered in the Provinces of Québec, and
Ontario is Vice President
Exploration for Comet Lithium, is a qualified person under
National Instrument 43‑101 – Standards of Disclosure for
Mineral Projects. He has reviewed the technical contents of
this news release and has approved the disclosure of the technical
information contained herein.
About Dahrouge Geological Consulting Ltd.
Dahrouge Geological Consulting Ltd. Is a global mining and
mineral exploration consulting group providing expertise in
professional geological, logistical, and project management
services through all stages of the mining value chain.
Based in Edmonton, AB, CAN,
Montreal, QC, CAN, and
Denver, CO, USA, Dahrouge and its
predecessor, Halferdahl and Associates, have advised and assisted
clients in identifying, exploring, developing, and optimizing
mineral projects and resources since 1971
About Comet Lithium Corporation
Comet Lithium is a dynamic focused exploration company active in
the prolific James Bay District of
Quebec. Comet Lithium's flagship
asset is its 100%-owned Liberty Property contiguous to Winsome
Resources' Adina lithium deposit, a growing high-grade lithium
discovery. The second prospective asset within Comet Lithium's
portfolio of asset is the large Troilus East Property contiguous to
Troilus Gold's Troilus deposit, a large multi million-ounce
gold-copper deposit, which recently reached feasibility stage.
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 planned
exploration programs on the Troilus East Project, including the
planned exploration program described in this press release, will
occur, the timing to conduct such exploration program and the
results of such exploration programs, and if it does so, what
benefits Comet Lithium will derive from any such exploration
programs. 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 December
31, 2023, a copy of which is available on SEDAR+ at
www.sedarplus.ca, and could cause actual events or results to
differ materially from those projected in any forward-looking
statements. Comet Lithium does not intend, nor does it undertake
any obligation, to update or revise any forward-looking information
contained in this news release to reflect subsequent information,
events or circumstances or otherwise, except if required by
applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
SOURCE Comet Lithium Corporation