Comet Lithium High Resolution Satellite Images from Liberty Property Support Broad Lithium Corridor
COMET LITHIUM HIGH RESOLUTION
SATELLITE IMAGES FROM LIBERTY
PROPERTY SUPPORT BROAD LITHIUM
CORRIDOR
ROUYN-NORANDA, QC
,
July 17, 2023
/CNW/ - Comet Lithium Corporation (TSXV: CLIC)
(FRANKFURT: XTR) ("
Comet Lithium"
or the
"Company"
), is pleased to report that the high
resolution satellite imagery compilation over its 100%-owned Liberty Property in
James Bay
,
Québec, further supports its recent magnetic results indicating a structural connection between
Liberty and Winsome Resources' emerging deposit at its Adina Project contiguous to the western
border of Liberty.
Detailed interpretation of the filtered 50 centimetres infrared images supports the structural
interpretation. In addition, filtering of the images has allowed Comet Lithium to visualize the regional
structural grain and the important cross cutting structures, as they likely represent expansion joints
allowing pegmatite intrusions.
Satellite Imagery Highlights - Liberty
Five primary regional structures located in the amphibolite unit are cross-cut by east-northeast
structures;
Ten identified structural intersections along strike with the Adina system which could potentially
host pegmatite intrusions have been added as primary targets for the upcoming inaugural
exploration campaign; and
The favorable structural setting at Liberty continues for over six kilometres to the northeast.
Source of information concerning Winsome Resources’ Adina project:
Winsome Resources investor
presentation January 2023 (https://wcsecure.weblink.com.au/pdf/WR1/02626548.pdf), Winsome
Resources investor presentation April 2023
(https://wcsecure.weblink.com.au/pdf/WR1/02664218.pdf) and Winsome Resources press release
dated April 3, 2023 https://wcsecure.weblink.com.au/pdf/WR1/02650507.pdf. (CNW Group/Comet
Lithium Corp.)
Mr. Martin Demers, P.Geo., Comet Lithium's Qualified Person, commented: "This satellite imagery
compilation completed at Liberty adds yet another layer of evidence that Liberty and Adina together
may form a remarkable corridor. Some structural features in combination with magnetic contrasts
will be investigated for potential pegmatite veins under the overburden blanket."
Mr. Demers added, "Liberty has never been previously drilled or systematically explored, so the
continuity of the structural footprint associated with the Winsome's Adina pegmatite as identified on
the Liberty property are extremely encouraging."
Exploration Update
Comet Lithium wishes to provide an update on its summer exploration program and the Québec fire
situation. Due to the restrictions on accessing forests in Crown lands and closed forestry roads
imposed by the Ministère des ressources naturelles et des Forêts of Québec (the "MRNF") and
helicopter unavailability, the Company's summer exploration program at its Liberty property has been
delayed. The Company wishes to reassure shareholders that it will be commencing its exploration
programs at Liberty and deploy its exploration crews as soon as practicable after the restrictions
imposed by the SOPFEU, MRNF and other local authorities will be lifted and the situation with
helicopter availability will resume. The Company will continue to actively monitor the situation daily
with its focus centered on the health and safety of the local community and will keep investors
updated.
Comet has maintained the relationship with its contractors and consultants and plans to begin the
first exploration program on the Liberty Property as soon as conditions permit. The main objective of
this first phase will be the concentrated prospecting and sampling of bedrock and glacial boulders in
the extension of the Adina trend.
Source of information concerning Winsome Resources’ Adina project:
Winsome Resources investor
presentation January 2023 (https://wcsecure.weblink.com.au/pdf/WR1/02626548.pdf), Winsome
Resources investor presentation April 2023
(https://wcsecure.weblink.com.au/pdf/WR1/02664218.pdf) and Winsome Resources press release
dated April 3, 2023 https://wcsecure.weblink.com.au/pdf/WR1/02650507.pdf. (CNW Group/Comet
Lithium Corp.)
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. 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.sedar.com
, 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
.
Website:
CometLithium.com
SOURCE
Comet Lithium Corp.
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For further information:
Comet Lithium Corporation, Sylvain Champagne, Interim President & CEO
147 Québec Avenue
Rouyn-Noranda, Québec, J9X 6M8 Email: [email protected];
MarketSmart Communications Inc., Adrian Sydenham, Toll-free: 1-877-261-4466, Email:
CO: Comet Lithium Corp.
CNW 08:00e 17-JUL-23