Assays reveal strong potential for LCT bearing
pegmatites
Stardust Dyke identified in southeast
Highlights:
- Completed two weeks of fieldwork at the Liberty Property.
- Collected and sent 127 rock samples to the laboratory for
assaying.
- Two highly prospective zones have been identified: one along
strike with Adina East and another in the southeastern portion
of the Liberty Property, where additional outcrops and boulders
have been observed.
- Seven anomalous angular boulder and outcrop samples
reported K/Rb ratio values below 55, with five samples showing
ratios below 7.5, indicating strong potential for LCT
pegmatites.
ROUYN-NORANDA, QC, Aug. 26,
2024 /CNW/ - Comet Lithium Corporation
(TSXV: CLIC) (FSE: 8QY) ("Comet Lithium" or the
"Corporation") is pleased to announce the results of the
Phase 1 Exploration program conducted during the month of
June 2024 at the Corporation's
Liberty property ("Liberty Property"), located in the
Chibougamau region of Québec.
"Our recently completed fieldwork program has greatly reinforced
our confidence in the Liberty Property's potential, particularly
with the identification of the Stardust dyke and two highly
prospective areas—both of which are very positive developments. The
exploration program has provided us with valuable insights into the
property's topography, glacial landforms and geology. The discovery
of highly anomalous boulders in the southeast corner is especially
encouraging. As we continue our work, we believe that further
updates from the Adina and Galinee summer programs will further
highlight the continuity and significance of the Trieste Lithium
greenstone belt", commented Vincent
Metcalfe, President & CEO.
Liberty Fieldwork and Results
Dahrouge Geological Consulting ("DGC") was commissioned
to conduct fieldwork at the Liberty Property, with Comet's VP of
Exploration, Vincent
Cardin-Tremblay, accompanying DGC during this exploration
program. The fieldwork took place in early June 2024 and involved helicopter reconnaissance
and ground traverses, focusing on the southernmost portion of the
Liberty Property.
During this exploration program, the three field teams
successfully completed all priority traverses, covering a total of
214 kilometres. They sampled 33 outcrops and 94 boulders, and
recorded 77 observation points. Seven pegmatite samples (one
outcrop and six boulders) returned a K/Rb ratio of ≤ 55 (see figure
1 and Table 1). The pegmatite outcrop with a low K/Rb ratio is a
north-south striking dyke. The seven angular boulders with low
ratios, found in the southeast corner, contain the appropriate
mineral assemblage of tourmaline, muscovite, and
apatite. Except for one rounded boulder found on the west side
of the Liberty Property, all these prospective samples are from the
southeast portion of the property, which is deemed highly
prospective.
Dykes Identified
Numerous outcrops of amphibolitized basalt were identified in
the southeastern area of the Liberty Property. Several tonalitic
dykes were observed and sampled, along with numerous blocks of
felsic intrusive rock, some of which were pegmatitic. Underneath
and adjacent to thick vegetation cover, a north-south striking
pegmatite dyke measuring between 50 and 100 centimetres in
thickness was observed over a length of 3 metres (see figure 2).
The Stardust dyke displayed white pegmatite with 5-10% large
muscovite crystals and 1-5% black and green tourmaline (see figure
3). The sample C00282855 returned a K/Rb ratio of 4.4 and assayed
5,659 ppm Rb, 919 ppm Cs, 274 ppm Ta, and 0.07% Li2O.
The dyke was manually excavated, but further tracing was not
possible due to the increasing thickness of the overburden in the
area.
Southeast Corner of the Liberty Property
In the southeast corner of the Liberty Property, three angular
blocks of white pegmatite containing muscovite, green tourmaline,
and traces of blue apatite were observed 10 metres apart (C00282878
and C00282879). Their respective K/Rb ratios were 5.8 and 7.2,
classifying them as differentiated and prospective, with
Li2O content of 0.22% and 0.18%. Notably, sample
C00282879 returned a high rubidium value of 8,000 ppm Rb. The shape
and number of these blocks suggest a proximal origin to the main
source.
In the southeasternmost corner of the Liberty Property, two
angular blocks of white muscovite pegmatite, located 20 metres
apart, were also observed (C00282872 and C00282873). Their
respective K/Rb ratios were 3.6 and 4.1, classifying them as
differentiated and prospective. These samples returned anomalous
lithium levels, with readings of 0.03% Li2O and 0.16%
Li2O, respectively. The shape of these blocks suggests a
proximal origin, and they are directly aligned with the Stardust
dyke located 420 metres to the north.
Southwest of the Liberty Property
On the west side of the Liberty Property, near where Winsome
Resources Inc. ("Winsome") drilled the Adina East pegmatite,
approximately 500 metres west of the border, no outcrops were
encountered. The area is dominated by thick glacial cover, with
numerous boulders present. Although felsic blocks were sampled, the
majority did not show the desired level of fractionation. Despite
the absence of outcrops, certain areas with higher topography along
the strike of Adina East remain prospective and warrant further
investigation. As noted below, Winsome recently released
results from the Adina East area, and several results are amongst
their best results based on thickness and grade. Notably, hole
AD-24-211 intersected 16.0m at 2.15%
Li2O from 82.3m and hole AD-24-227
intercepted 15.3m at 1.35% Li2O from
38.3m.
Comments from Adina East drill results:
Winsome Resources Inc. released additional Adina drilling
results on August 19, 2024.
Eight reported drill hole results came from the Adina East area,
with the closest drill collar located about 500 meters away from
the Liberty boundary.
- Notable reported intercepts from the Adina East area
include:
- 16.0m at 2.15% Li2O from
82.3m (AD-24-211)
- 15.3m at 1.35% Li2O from
38.3m (AD-24-227)
- 5.5m at 1.56% Li2O from
57.1m (AD-24-205A)
Winsome reported that drilling has both confirmed the presence
of high-grade mineralisation to the east and has identified the
mineralisation remains open in this direction. Winsome noted the
results from the furthest holes to the east are amongst the best
results based on thickness and grade and provided encouragement for
further drilling to be completed at Adina East. (source:
Winsome news release dated August 19,
2024
https://wcsecure.weblink.com.au/pdf/WR1/02839872.pdf)
Table 1: Highlighted Samples Presented
This table provides the most significant information from the
samples collected during fieldwork program conducted in
June 2024 at the Liberty Property.
The information relating to the other samples is not presented,
however, such other samples returned results ranging from <10 Li
ppm to 89 Li ppm.
Documents & Figures
Liberty Maps, Images and Figures
Cautionary statements
Grab samples are selective by nature and may not be
representative of mineralized zones.
Lithium mineralization occurring at Winsome's Adina deposit is
not necessarily indicative of mineralization that may be
encountered on the Liberty Property held by Comet Lithium
Corporation.
QAQC
A Quality Assurance / Quality Control protocol following
industry best practices was incorporated into the sampling
program.
Samples were analyzed by SGS Natural Resources laboratories
using a Sodium Peroxide Fusion / Combined ICP-AES
and ICP-MS package for 57 elements (GE_ICP91A50 & GE_IMS91A50
methods).
In this batch of 127 primary samples, Comet Lithium Corporation
included four quartz blanks and five commercial CRMS (OREAS 750 and
OREAS 752). SGS included 3 in-lab duplicate analyses, 14 additional
CRMS and 6 blanks.
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 Liberty Property, including any planned
exploration program, 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