Comet Resources Ltd (ASX:CRL) has started diamond drilling at the Santa Teresa Gold Project in Baja California, Mexico.
The program is the first drilling at the project to be undertaken by the company and the first since the drilling undertaken by Premier Gold Mines in 2008.
Consisting of 2,000 metres of diamond-core drilling using experienced contractors from the neighbouring state of Sonora, the program aims to test extensions of known gold mineralisation along strike and at depth, as well as target areas of interest identified from prior drilling results.
“Excited to start drilling”
Comet managing director Matthew O’Kane said: “It’s exciting to commence our initial drilling program at Santa Teresa, with gold once again around US$1,900/ ounces.
“From the detailed review of the historical drilling, information gained by our geologists from the mapping of outcrop at the surface of numerous veins and historical artisanal workings, we have generated multiple targets to test.
“The diamond drilling will also give us further information and understanding of the structure and geometry of the veins.
“We look forward to completing this program and sharing the results of assays as soon as they are available.”
Drilling objectives
The company has undertaken drilling aims to:
- Follow on prior drilling in key areas where high-grade intersections such as ST-005 with 1 metre at 958.4 g/t were encountered;
- Test extensions of known gold mineralisation along with strike and down dip; and
- Expand knowledge of the structure of the veins and controlling features of the mineralisation.
Santa Teresa Gold Project
The Santa Teresa Gold Project is comprised of two mineral claims totalling 202 hectares in the gold-rich El Alamo district, approximately 100 kilometres southeast of Ensenada, Baja California, Mexico; and 250 kilometres southeast of San Diego, California, USA.
In addition to the two claims of the project, two additional claims totalling a further 378 hectares in the surrounding El Alamo district are being acquired from EARL.