Comet Begins Exploration Campaign at Troilus East Project
Comet Begins Exploration Campaign at
Troilus East Project
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 16
th
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.
Planned Till Sampling Grid at Troilus East Project (CNW Group/Comet Lithium Corporation)
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
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For further information:
For further information: Comet Lithium Corporation, Vincent Metcalfe,
Chairman and CEO, [email protected], +1.514.249.9960; 147 Québec Avenue (back
door), Rouyn-Noranda, Québec, J9X 6M8, Email: [email protected], Website:
CometLithium.com
CO: Comet Lithium Corporation
CNW 07:30e 19-AUG-24