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- Accelerate Resources (AX8) has commenced drilling at the Comet Gold Project in the Cue District of Western Australia
- Drilling includes a 700-metre reverse circulation program and aims to extend previous drilling at the Comet East prospect
- The gold-prospective zone at Comet East could unlock a potential underexplored new structural trend
- Accelerate is expecting to report results as they become available early in the new year
- On market close, company shares are in the grey and trading at 6.2 cents each
Accelerate Resources (AX8) has commenced a drilling program at the Comet Gold Project in the Cue District of Western Australia.
The drilling program includes a 700-metre reverse circulation (RC) drill and aims to infill and extend drill coverage on the recently prioritised gold trend at the Comet East prospect.
Comet East is located one kilometre east of the Comet Mine Trend, the host structure of the Comet-Eclipse Gold Mine.
The gold-prospective zone at Comet East may unlock a potential underexplored new structural trend parallel to the adjacent Comet trend.
Previous results at Comet East include nine metres at 3.89g/t of gold from 34 metres and six meters at 1.11g/t of gold from 30 metres.
“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,” Managing Director Yaxi Zhan told the market.
Accelerate is expecting to report results as they become available early in the new year.
On market close, company shares are in the grey and trading at 6.2 cents each.
