Labyrinth Resources

Comet Vale Gold Project, WA: Drilling Underway To Expand Known High-Grade Mineralisation

Located 100km north of Kalgoorlie, Comet Vale hosts extensive high-grade gold with existing underground development and infrastructure

Labyrinth Resources Limited (ASX:LRL) (‘the Company’ or ‘Labyrinth’) is pleased to advise that exploration drilling is underway at its Comet Vale gold-copper-nickel project in Western Australia.


Key Points

  • Drill rig mobilised to site and drilling commenced 28 March 2023
  • Initial 20 hole, 1,500m program designed to test extensions to known mineralisation of the high-grade Sovereign Trend

Figure 1 RC Rig set up on first hole of Comet Vale program

This drilling is the first stage of a renewed focus on the significant exploration potential across the Comet Vale tenement package (refer to ASX Announcement 15 December 2022). Drilling is expected to take 10 days to complete and samples are expected to be submitted for assay at the completion of the program. Results are expected in the June quarter.

Figure 2 Comet Vale exploration drilling program design

This announcement has been authorised and approved for release by the Board.


Click here for the full ASX Release

This article includes content from Labyrinth Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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