RC Drilling Commenced At High-Grade Project
Accelerate Resources (ASX:AX8) has commenced its second drill programme at the Comet Gold Project in Western Australia.
The 700m Reverse Circulation (RC) drilling programme is testing the Comet East prospect, situated approximately one kilometre east of the Comet Mine Trend; the host structure of the Comet-Eclipse Gold Mine.
Wide-spaced shallow drilling undertaken at Comet East during the 1990’s intersected significant gold mineralisation, including 4m at 7.08 g/t goldfrom 27m, and 3m at 4.53 g/t goldfrom 60m.
Accelerate recently completed a first phase of RC drilling which was designed to step out and validate the previous drilling. Highly encouraging assay results delineated mineralised extensions along strike and down dip from the historical drill intersections and significantly upgraded the potential of Comet East to host economically mineable gold mineralisation. Significant results included:
- 9m @ 3.89 g/t gold from 34m
- 6m @ 1.11 g/t gold from 30m
Drilling is now underway to investigate the immediate prospect area at depth and expand drill coverage to the north along the underexplored Comet East Trend.
Managing Director, Yaxi Zhan, said the gold-prospective zone at Comet East may represent an underexplored new structural trend parallel to the adjacent Comet trend; the host to Westgold’s active gold mines in the Comet-Eclipse Gold Camp.
“This exciting second phase of drilling will test for extensions to recent and historical high grade hits and has the potential to significantly upgrade the scale of Comet East to host economically mineable gold mineralisation,” Mr Zhan said,
“RC drilling will infill and extend drill coverage on the recently prioritised mineralised gold trend at the Comet East prospect. The setting and tenor of the mineralisation at Comet East suggests there is good scope to define gold resources which may be amenable to open-pit mining.”
