Comet Lithium Identifies Pegmatites IN Outcrop at Liberty
COMET LITHIUM IDENTIFIES PEGMATITES IN
OUTCROP AT LIBERTY
ROUYN-NORANDA, QC
,
Aug. 28, 2023
/CNW/ - Comet Lithium Corporation (TSXV: CLIC) ("
Comet
Lithium"
or the
"Company"
), is pleased to announce it has identified pegmatites in outcrop during
phase one of its ground exploration program at its 100%-owned Liberty Property in
James Bay
,
Québec, adjacent to Winsome Resources' Adina project.
The first phase of exploration on the Liberty Property began early August, and to date, the
exploration team has covered a distance of approximately 536 kilometres, which represents more
than 90% of the ground. Furthermore, the field teams have identified and sampled numerous
pegmatite veins in outcrop, as well as in large sub crop glacial boulders and erratic blocks. All the
205 rock samples collected at Liberty as of now are scheduled to be sent to the laboratory in early
September 2023
for further analysis. The exploration program on Liberty is now moving into the
second phase, which is a soil survey to assist in the identification of drill targets.
Mr.
Sylvain Champagne
, Comet Lithium's Interim CEO and President, stated: "I am very proud of
what we have been able to accomplish during this first exploration phase at Liberty. We are very
encouraged by our early findings along strike with Winsome's Adina pegmatite known trend."
Mr. Champagne, further stated: "Phase two of our exploration program at Liberty will be focused on
completing the field work by the end of the month of
September 2023
. The Company is also
evaluating with service providers the possibly to begin a gravity survey on the Liberty Property."
Comet Lithium would also like to draw attention to Loyal Lithium's recent discovery on its Trieste
Lithium project of five spodumene bearing pegmatite dykes.
1
The location of the new discovery is
about 10 kilometres east south of the Liberty Property limit. The cluster of pegmatite outcrops and
associated glacial boulders defines a new lithium mineralization trend. This time, unlike the
Winsome's Adina pegmatite trend hosted in the amphibolite-dominated Trieste Formation, the new
discovery is hosted in high metamorphic rocks derived from sediments. The new discovery puts the
Liberty Property in the middle of these two discoveries. It also demonstrate that valuable pegmatites
can be found outside of the known Adina trend.
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.
__________________________________
1 Source: Loyal Lithium's press release dated August 16, 2023.
https://yourir.info/resources/cb20d89a85ecfed1/announcements/lli.asx/6A1163357/LLI_Spodumene_Pegmatites_Discovered_at_Trieste_Lithium_Project.pdf
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 results from the ground samples collected on the Liberty
Property and any future exploration programs) of the Liberty Property, the engagement of a third
party to conduct a gravity survey on 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
.
Website:
CometLithium.com
SOURCE
Comet Lithium Corp.
View original content:
http://www.newswire.ca/en/releases/archive/August2023/28/c1612.html
%SEDAR: 00035962E
For further information:
Comet Lithium Corporation: Sylvain Champagne, Interim President &
CEO, 147 Québec Avenue, Rouyn-Noranda, Québec, J9X 6M8, Email: [email protected],
Website: CometLithium.com; MarketSmart Communications Inc., Adrian Sydenham, Toll-free: 1-
877-261-4466, Email: [email protected]
CO: Comet Lithium Corp.
CNW 08:00e 28-AUG-23