Comet to Commence Intensive Field Program at Flagship Liberty Property
Comet to Commence Intensive Field Program
at Flagship Liberty Property
Highlights:
Field work to commence on
June 4
th
at the Liberty Lithium Property with Dahrouge Geological
Consulting Ltd.
Comet will complete an intensive and focused exploration program with a total of 32 planned
traverses, with 20 being high priority targets.
A 14-day program with 3 skilled teams, with Comet's VP Exploration,
Vincent Cardin-Tremblay
also participating in the exploration efforts.
ROUYN-NORANDA, QC
,
May 29, 2024
/CNW/ - Comet Lithium Corporation (TSXV: CLIC) (FSE:
8QY) ("Comet Lithium" or the "Corporation") is pleased to announce the commencement of the 2024
Phase 1 Exploration Program on its 100%-owned flagship Liberty property (the "Liberty Property")
on
June 4, 2024
. The Corporation has engaged Dahrouge Geological Consulting Ltd. to strengthen
its team for the surface exploration program.
Three skilled field teams have been assigned to investigate and traverse twenty high-priority target
areas (represented in red color on Figures 1 & 2 below) in the most prospective part of the Liberty
Property, located in the southern area thereto. Specifically, three traverses will pass through all
priority 1 targets during the early days of the program to maximize the chances of discovery.
Additionally, seven priority 2 areas (represented in yellow color on Figures 1 & 2 below) have been
identified in the northern part, and five priority 3 areas (represented in blue color on Figures 1 & 2
below) are located in the most prospective zone in the south with an east-west orientation.
The Corporation's priority prospecting targets were identified using LIDAR, with the high-priority
targets in red color representing areas where the bedrock is most likely outcropping or sub-
outcropping. The priority 2 targets in yellow color are areas of topographic anomalies that may
indicate possible outcrops. Several interesting topographic anomalies are present in the central part
of the south-west portion of the Liberty Property, showing relatively good correlation with magnetic
and gravity anomalies.
During the extensive field program, the teams will also conduct a fractionation survey across the
traversed areas to map potential target zones. A typical approach to identifying lithium-enriched
pegmatites involves sampling non-lithium minerals, such as K-feldspar and muscovite, which serve as
proxies for assessing the chemical evolution and rare-element enrichment of pegmatites.
"We are thrilled to launch the 2024 Phase 1 Exploration Program at our flagship Liberty Property,"
commented
Vincent Metcalfe
, Chair and CEO of Comet Lithium. "With the expertise of our dedicated
field teams, we are confident in our strategy to thoroughly investigate and traverse the high-priority
target areas. This field program is designed to maximize our chances of discovering lithium
mineralization, particularly in the most prospective areas identified through LIDAR and gravity survey
results. We look forward to the completion of this field program, the results therefrom and ultimately
the potential value of the Liberty Property."
Figure 1 : Liberty 2024 Field Program – Planned Traverses
Figure 1 : Liberty 2024 Field Program – Planned Traverses (CNW Group/Comet Lithium Corp.)
Figure 2 : Liberty 2024 Field Program – Lidar Targets
Figure 2 : Liberty 2024 Field Program – Lidar Targets (CNW Group/Comet Lithium Corp.)
Qualified Person
Vincent Cardin-Tremblay
, P. Geo (ogq #1386, PGO #3347), registered in the Provinces of Québec,
and
Ontario
is Vice President Exploration 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 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 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 lithium deposit, a growing high-grade lithium discovery. Comet Lithium is
advancing its Liberty Property 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 if any planned exploration programs on
the Liberty Property, including the planned phase 1 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 Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2024/29/c2321.html
%SEDAR: 00035962E
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 Corp.
CNW 08:00e 29-MAY-24