Comet Resources Quarterly Activities Report – June 2020

Comet Resources Quarterly Activities Report – June 2020

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased announce the Quarterly Activities Report and Appendix 5B for the quarter ending 30 June 2020.

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased announce the Quarterly Activities Report and Appendix 5B for the quarter ending 30 June 2020.

Highlights

• Announcement of the proposed acquisition of the Santa Teresa High Grade Gold Project in Baja California, Mexico and Stream Financing (ASX 4 Jun 2020).

• Announcement of the completion of the Barraba Copper Project in Northern NSW and closure of capital raising of $650,000 (ASX 16 Apr 2020).

Post Quarter End

• Excellent graphite grades from initial metallurgical testwork on the Springdale Graphite Project (ASX 15 Jul 2020).

Comet Resources Managing Director, Matthew O’Kane, commented:

“Q2 has been a transformative period for Comet. Early in the quarter we announced the completion of the acquisition of the Barraba Copper Project in Northern NSW and a six hundred and fifty thousand dollar capital raise. This project is an exciting opportunity for Comet as it encompasses the historical mine at Gulf Creek, where high grade copper was mined around the turn of the 19th century at an average copper grade of 5%. Zinc was also noted in historical records but not assayed. A recent site visit by our consulting geologist has enabled the final planning of the drill holes for the initial field exploration program, which will commence as soon as permitting is complete.”

“In early June we also announced the proposed acquisition of the Santa Teresa High Grade Gold Project. The project hosts a very high grade mesothermal lode gold quartz vein system, with historical drilling intersecting grades up to 958 g/t Au. There is a lot of opportunity for resource growth through further exploration work, and with the streaming facility available as part of the transaction, there is also access to non-dilutive financing for development of the project. Due diligence work is advancing, and we are aiming to close the transaction during Q3 and thereafter moving into field activities as soon as possible.”

Click here to read the full press release.

Click here to connect with Comet Resources Ltd (ASX:CRL) for an Investor Presentation.

Source

Mobilisation for Tempus’ 2021 Gold Exploration Drilling

Tempus Resources Ltd. (“Tempus Resources” or the “Company”) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce that mobilisation is underway for the 2021 Exploration Program at the Elizabeth Gold Project in southern BC, Canada

The Company has executed a contract with Full Force Diamond Drilling Ltd. for the provision of diamond-core drilling services at Elizabeth. The flexible contract provides for drilling of up to 12,000 cumulative linear metres. In support of the Program, road clearing and preparation of drilling pads has commenced, and a base line environmental sampling and cultural survey is being coordinated. The drill rigs and operators are expected to complete mobilisation to Elizabeth by late-May. Further information regarding the drilling for the Elizabeth Project 2021 Exploration Program is set out later in this announcement.

Keep reading... Show less

Sentinel Commences Field Investigation of Gold and Silver Projects in New South Wales, Australia

Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (“Sentinel” or the “Company “) announces that all of its exploration licenses in New South Wales, Australia have now been granted. The Company has commenced contacting landholders in high priority areas in order to negotiate the access agreements required prior to conducting field visits on private property. As previously announced, the Company has identified four priority areas for initial inspection: Carrington, Hill End South, Golden Bar, and Toolom South.

Carrington – Silver Project

Keep reading... Show less

OceanaGold Strengthens Board of Directors with New Additions

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) appoints Mr. Michael (Mick) James McMullen and Mr. Paul Benson as Non-Executive Directors to the Company Board of Directors (the “Board”).

Keep reading... Show less

Best Gold Stocks on the ASX

Click here to read the previous best ASX gold stocks article.

2020 was a record-breaking year for gold, which surged above US$2,060 per ounce in August.

However, the yellow metal faced some downward pressure in the first quarter of 2021, falling below US$1,750 in March. The major forces acting against gold in Q1 of this year included rising US 10 year Treasury yields and the growing value of the US dollar.

However, there is still plenty of investor interest in the metal due to continued global economic uncertainty related to the COVID-19 pandemic. Supply is also a growing concern due to decreased gold exploration efforts over the last few years, especially among larger companies.

Keep reading... Show less

NCM – Senior Management Announcement – Finance Director & CFO to Retire

Newcrest Mining Limited (ASX: NCM) (TSX: NCM) announces that Gerard Bond, the Company’s Finance Director and Chief Financial Officer, has decided to retire effective 3 January 2022 when he will mark 10 years in the role.

Mr Bond said, “It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company”.

Keep reading... Show less

Top News

Related News