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Comet Resources lands drill permit for Santa Teresa Gold Project with 2,000 metres of diamond drilling planned

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Comet Resources Ltd (ASX:CRL) has received a drilling permit for the Santa Teresa Gold Project in Baja California, Mexico, paving the way for the start of a proposed 2,000-metre diamond drilling program later this quarter.

The permit from the Environmental Impact and Risk department of the Baja California Sub-Delegation for Environmental Protection and Natural Resources is a major milestone for the company

Comet’s in-country team and consultant geologists are finalising the details of the proposed Santa Teresa drilling program and engaging a drilling contractor to perform the works, with the aim that the program begins as soon as possible.

Plans underway for drilling

Managing director Matthew O’Kane said: “We have been preparing for the receipt of this permit, having plans for the drill program near ready, and having conducted the process of selecting the drilling contractor.

“This should allow us to move ahead quickly now to engage the contractors and commence the drilling program.

“We look forward to providing periodic updates from the commencement of the program to the results once they become available.”

Drill program

The proposed program consists of 2,000 metres of diamond drilling using experienced contractors from the neighbouring state of Sonora.

Drilling will aim to test extensions of known gold mineralisation zones along strike and at depth, as well as target areas of interest identified by review of prior drilling results, combined with information gained from a detailed structural mapping completed by consultant geologists Minera Cascabel.

This will be followed by assaying and geological interpretation of the results.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/948883/comet-resources-lands-drill-permit-for-santa-teresa-gold-project-with-2000-metres-of-diamond-drilling-planned-948883.html


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