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. 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 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. This news release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. We are confident that the interpretation work completed so far will allow us to identify the continuity of pegmatites of the same type inside the Liberty property."Ĭomet Lithium's technical team will optimize and potentially expand the drill program by incorporating output from LiDAR survey and insight generated from additional geophysical work. Mansoor Jan, Comet Lithium's new Interim CEO and President, stated: "We strongly believe it is necessary to initiate this early-stage drill program on the Liberty property considering that Winsome Resources, our neighbor, has successfully extended the spodumene bearing pegmatite intrusion less than one kilometre west of the property boundary. It is also important to note that there is no historical drilling that has taken place on the Company's Liberty property. As the Company gains more in-depth knowledge with sampling results, incoming LiDAR data and a geophysics program, holes will be prioritized and drilled accordingly. ![]() It is expected that each hole, will be drilled following a north-west orientation with a 45-degree dip and has been strategically positioned to intersect a magnetic contrast which could correspond to pegmatite swarms. ![]() This environment, which is composed mainly of amphibolite injected by different granitic and pegmatitic phases, hosts spodumene bearing pegmatite forming the Adina trend. The recently acquired data has allowed the Company to observe favorable pegmatite and structural features grouped around east-west, north to north-east and north-east orientation.Īt this stage, multiple drill holes collars have been planned inside a carefully established corridor about one kilometre wide inside the Trieste volcanic formation. The Company has been evaluating the inaugural drill program based not only on the structural lineament pattern connecting the Adina trend with the Liberty property, but also using its most recent field data. ![]() ![]() A total of 272 samples were taken with an average spacing of ~100 metres between samples, to mitigate the challenges posed by the scarcity of outcrops and the presence of lakes. Following phase one of the ground exploration program, the extension of the Adina trend was also covered with a soil survey (C-horizon). On Aug, the Company announced the identification of numerous pegmatite outcrops and glacial boulders on the Liberty property. Comet Lithium Corporation ( TSXV: CLIC) (" Comet Lithium" or the "Company" ), is pleased to announce that it has initiated the planning and permitting process of its first drill program on its 100%-owned Liberty property located in James Bay Québec, adjacent to Winsome Resources' Adina project.
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