AX8 drills to find out how big the Comet East gold trend really is
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Special Report: A follow-up drill program has already kicked off at Accelerate’s (ASX:AX8) underexplored Comet Gold Project in WA to follow up on some thick, shallow, and high grade gold hits.
Wide-spaced shallow drilling undertaken at ‘Comet East’ during the 90s intersected high grades like 4m at 7.08 g/t gold from 27m.
These hits were not followed up until recently, when Accelerate hit shallow paydirt like 9m at 3.89g/t gold just 34m from surface.
This is a great neighbourhood for a gold explorer.
The explorer reckons there’s a good chance Comet East could be a ‘repeat’ of the adjacent Comet trend – about 1000m away — which hosts a gold camp mined by 280,000oz per year producer Westgold Resources (ASX:WGX).
The “setting and tenor of the mineralisation” at Comet East suggests there is good scope to define gold resources amenable to open-pit mining, Accelerate says.
The explorer is targeting the Comet East trend with a 700m drilling program to see how big it is. Results will be reported as they become available early in the new year.
This article was developed in collaboration with AX8, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.