Wednesday, February 4th, 2015

QUEBEC, QUEBEC--(Marketwired) - Komet Resources Inc. ("Komet" or the "Company") (TSX VENTURE: KMT) announces the results of the preliminary sampling program carried out on the Guiro property that returned significant gold values. This sampling campaign was part of the due diligence in order to provide insight on the Guiro deposit potential as well as other known gold targets of the permit. The sampling of waste heaps from the former mill and stockpiles from the mine consisted of a composite of three sub-samples, of which two were collected at the base and one at the top of the different piles. The program also included grab samples on geological targets located elsewhere on the property. 

 

The sampling of the mine stockpiles resulted in averages of 69.5 g/t Au and 5.35 g/t Au. Regional sampling produced averages of 9.2 g/t Au in Diouga, 19.2 g/t Au in Bayildiaga and 0.9 g/t Au at the Malorie quarry. These preliminary results confirm a high exploration potential on the Guiro license, which extends for 23 kilometers north of the mine (see technical report by Jacques Bertrand, dated July 7, 2014 and filed on SEDAR). These results will also be useful in planning the next exploration campaign. Andre Gagne, president and CEO, stated: "These excellent preliminary results are very encouraging and we look forward to the upcoming exploration campaign." 

 

Detailed results of property and mine sampling: 

 

----------------------------------------------------------------------------

Sample_ID  Description of Sample type    Weight (kg)     Results     Average

                                                          g/t Au      g/t Au

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0001     REJECT - KNELSON (over flow)          3.5       5.911            

----------------------------------------------------------------------------

GR0002     REJECT - KNELSON (over flow)          3.2       3.635            

----------------------------------------------------------------------------

GR0003     REJECT - KNELSON (over flow)            3       4.065       4.537

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0004     REJECT - KNELSON (under flow)         3.7       1.884            

----------------------------------------------------------------------------

GR0005     REJECT - KNELSON (under flow)         3.8       1.943            

----------------------------------------------------------------------------

GR0006     REJECT - KNELSON (under flow)         3.1       1.861       1.896

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0007     REJECT - VAT                          3.6       1.813            

----------------------------------------------------------------------------

GR0008     REJECT - VAT                          2.8       1.933            

----------------------------------------------------------------------------

GR0009     REJECT - VAT                          4.0       1.499        1.75

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0010     MINE WASTE (Granodiorite)             4.2       0.036            

----------------------------------------------------------------------------

GR0011     MINE WASTE (Quartz vein)              2.8       0.029            

----------------------------------------------------------------------------

GR0012     MINE WASTE (Quartz vein)              3.6       0.557        0.21

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0013     ARTISANAL GOLD DIGGING DIOUGA         0.8      17.597        17.6

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0014     MALORIE QUARRY                        3.2       0.939            

----------------------------------------------------------------------------

GR0015     MALORIE QUARRY                        3.4       0.948            

----------------------------------------------------------------------------

GR0016     MALORIE QUARRY                        3.1       0.744        0.88

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0017     ARTISANAL GOLD DIGGINGS               3.6       1.557            

           BAYILDIAGA 2                                                     

----------------------------------------------------------------------------

GR0018     ARTISANAL GOLD DIGGINGS               4.4      42.189            

           BAYILDIAGA 2                                                     

----------------------------------------------------------------------------

GR0019     ARTISANAL GOLD DIGGINGS               2.8       23.88       22.54

           BAYILDIAGA 2                                                     

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0020     ARTISANAL GOLD DIGGINGS               3.3      28.186            

           BAYILDIAGA 1                                                     

----------------------------------------------------------------------------

GR0021     ARTISANAL GOLD DIGGINGS               3.1       0.007        14.1

           BAYILDIAGA 1                                                     

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0022     MINE STOCKPILE (LEVEL 3 AT 90m        2.5      55.097            

           depth)                                                           

----------------------------------------------------------------------------

GR0023     MINE STOCKPILE (LEVEL 3 AT 90m        3.5      43.029            

           depth)                                                           

----------------------------------------------------------------------------

GR0024     MINE STOCKPILE (LEVEL 3 AT 90m        2.7     110.306       69.48

           depth)                                                           

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0025     MINE STOCKPILE (LEVEL 4 AT              2       2.886            

           128m depth)                                                      

----------------------------------------------------------------------------

GR0026     MINE STOCKPILE (LEVEL 4 AT            3.3        1.68            

           128m depth)                                                      

----------------------------------------------------------------------------

GR0027     MINE STOCKPILE (LEVEL 4 AT            3.7      11.469        5.35

           128m depth)                                                      

----------------------------------------------------------------------------

----------------------------------------------------------------------------

GR0028     ARTISANAL GOLD DIGGINGS DIOUGA        2.3       5.048            

----------------------------------------------------------------------------

GR0029     ARTISANAL GOLD DIGGINGS DIOUGA        2.2       4.898        4.97

----------------------------------------------------------------------------

----------------------------------------------------------------------------

 

More information about the corporation is available at: http://kometgold.com

 

Forward-Looking Statements 

 

Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange's policies) accept any liability of any kind as to the authenticity or accuracy of this release. This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet Inc.'s ("Komet") control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet's management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events. or any other cause. except if it is required by securities laws. Jacques Marchand, P.Eng. Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented there, including verification of the data disclosed. The sampling were processed and analysed by the BIGGS laboratory at Ouagadougou, Burkina Faso. 

 

CONTACT INFORMATION

 

Contacts:
Investors relations and information:
Andre Gagne
President and CEO
581-300-1666
[email protected]

Keywords

Komet Resources

Sharing

More Formats