Comet Resources (ASX:CRL) - Managing Director, Matthew O'Kane - The Market HeraldManaging Director, Matthew O'KaneSource: The Market Herald
  • Comet Resources (CRL) has released a company update roughly one week after it acquired 50 per cent of the Santa Teresa Gold Project in Mexico
  • Historically, drilling intersected high-grade mineralisation grading up to a staggering 958 grams per tonne gold
  • The project has a non-JORC inferred mineral resource of 64,000 ounces at an average grade of 8.7 grams per tonne however Comet is preparing to release a maiden JORC resource
  • Comet will spend the next few months conducting field exploration and drilling at the Santa Teresa Project
  • Additionally, Comet will conduct exploration at its Barraba Copper Project in a region that is historically prospective for precious metals
  • With two highly prospective projects under its belt, Comet Resources is expecting an exciting few months ahead
  • Despite the positive update, company shares have dipped 4.17 per cent in the red to trade for 2.3 cents