Komet Resources Acquires the Moussala Gold Permit Located in Mali, West Africa

Komet Resources Inc. (TSXV:KMT) announced the acquisition of the Moussala exploration permit located in the Kenieba gold mining camp in the Republic of Mali, West Africa.
As quoted in the press release:

The permit title covering 67 km2 issued by the Ministry of Mines, is valid for a period of 7 years and is entirely held (100%) by Komet Mali Sarl, a subsidiary fully owned by Komet Resources Inc.  All eventual commercial gold production from the permit will be subjected to a 2% net smelter royalty (NSR) payable to the previous owner. Located about 300 km to the west of Bamako, the country’s capital, the permit is easily accessible via the recently rebuilt international highway that links Bamako to Dakar on the Atlantic coast in Senegal and passes through the Village of Dabia, a few kilometres to the northeast of the permit (see link for location map). Keniaba, the prefectural city is 25 km to the north of Dabia along the same road.

In the northern part of the permit the Walia (or M1) anomaly has been outlined by a geochemical soil sampling survey completed by Ashanti Mali SA in 1997 and is the locus of a major artisanal mining site.  The anomalous area covers an area of 1,600 m by 1,000 m, with gold values as high as 4,919 ppb.
Because of their relative proximity the M3, M5 and M7 anomalies have been regrouped under the Kabaya zone.  These targets located in the south-east portion of the permit have been uncovered during the same soil survey program by Ashanti Mali SA, in 1997. They have been prospected in some details along the southern boundary of the permit.  The geology of this geochemical target consists of strongly altered metasedimentary units cut by quartz stockworks and veins structurally related to a north-east to north-north-east trending shear zone. The eastern part of the zone has been prospected with trenches and two reverse circulation (RC) drilling campaigns by Robex Resources Inc., in 2013 and 2014. It covers an area of 500 m x 200 m drilled with 62 holes totaling 3,768 m. The best results are reported by Robex in a press release dated May 28, 2014.

Komet Resources President and CEO, André Gagné, stated:

We believe that this property will develop into a first class asset for the company. The positive results generated from the exploration work completed to date by previous stakeholders are opening-up a promising gold potential for the Moussala permit.

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