Comet Lithium Commences Exploration at Liberty
COMET LITHIUM COMMENCES EXPLORATION
AT LIBERTY
ROUYN-NORANDA, QC
,
Aug. 8, 2023
/CNW/ - Comet Lithium Corporation (TSXV: CLIC) ("
Comet
Lithium"
or the
"Company"
), is pleased to report that it has started exploration work at its 100%-
owned Liberty Property, LG4 sector, Eeyou-Istchee Baie James region in northern Québec. The Liberty
Property is adjacent to Winsome Resources' Adina project where systematic drilling proved 1.9
kilometres of continuous spodumene bearing pegmatite (see Winsome Resources' Investor
Presentation,
July 2023
at
https://winsomeresources.com.au/wp-content/uploads/2023/07/WR1-Investor-Presentation-July-2023.pdf
). Comet Lithium's Liberty Property is on strike with the exploration corridor.
Comet Lithium's exploration team has now been deployed to the field to initiate the first reconnaissance
and sampling program. The objective of this first phase of the exploration campaign will be concentrated
on the prospecting and sampling of frost heave rocks, glacial boulders and rock surfaces to see if there
is an extension of the Adina Li pegmatite trend. In this environment, lithium bearing pegmatite are mainly
hosted in amphibolite rocks of the Trieste Formation. The Liberty Property broadly covers the Trieste
Formation, about 2.7 kilometres along strike and 1.5 kilometres in the north-south axis.
Different structural trends and geophysical contrasts were highlighted during the evaluation and
preparation of this program and these signals will be used to guide the prospecting crew on the field.
The exploration program will take approximately 30 days, depending on the accessibility of the sampling
material.
Mr.
Sylvain Champagne
, Comet Lithium's Interim CEO and President, stated "We are very pleased to
secure a helicopter so quickly following the forest fires situation of June and July. This sampling program
will firstly assess the presence of pegmatites intrusions swarms inside the targeted environment, and
secondly to identify those more likely to host spodumene."
Comet Lithium is also pleased to announce that it has contracted XEOS Imagerie Inc. to perform a
LIDAR survey on the Liberty Property. This LIDAR survey will generate a high precision database and
image of the topography, allowing to read discreet structural features through a thin layer of overburden
associated with pegmatite intrusions.
Q
u
alified Person
Martin Demers
, P. Geo (ogq #770, APEGNB L5980, PGO #3785), registered in the Provinces of
Québec,
New-Brunswick
, and
Ontario
a consultant to 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 Comet Lithium Corporation
Comet Lithium is a dynamic lithium-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 deposit, a growing high-grade discovery. Comet Lithium is advancing Liberty to first-
ever drilling.
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 the exploration programs, the results therefor and development (including any future
exploration programs) of the Liberty Property, or if it does so, what benefits Comet Lithium will derive
from the Liberty Property. 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, those
described under "Financial Instruments" and "Risk and Uncertainties in Comet Lithium's Annual Report
for the fiscal year ended
December 31, 2022
, 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
.
www.cometlithium.com
SOURCE
Comet Lithium Corp.
View original content:
http://www.newswire.ca/en/releases/archive/August2023/08/c5484.html
%SEDAR: 00035962E
For further information:
Comet Lithium Corporation, Sylvain Champagne, Interim CEO & President,
147 Québec Avenue, Rouyn-Noranda, Québec, J9X 6M8, Email: [email protected]; MarketSmart
Communications Inc., Adrian Sydenham, Toll-free: 1-877-261-4466, Email: [email protected]
CO: Comet Lithium Corp.
CNW 08:00e 08-AUG-23