Home Finance Agreement to receive highly potential expansion for Santa Teresa Gold Project

Agreement to receive highly potential expansion for Santa Teresa Gold Project

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Comet Resources Limited (COMET OR Company) (ASX:CRL) is pleased to announce that it has entered into a Binding Agreement (HOA) with American International Ventures Inc. (AIVN) for the proposed 100% acquisition (acquisition) of LA. has executed. Sorpressa III Tenement. Tenement Comet’s Santa Teresa Gold Project is located northwest of Tenement…

Comet Resources Limited (COMET OR COMPANY) (ASX:CRL) It is pleased to announce that it has executed a Binding Agreement (HOA) with American International Ventures Inc. (AIVN) for the proposed 100% acquisition (acquisition) of La Sorpressa III Tenement. Tenement Comet’s Santa Teresa Gold Project is located northwest of Tenement 223182 – “Santa Teresa”, which shares a tenement boundary adjacent to an area of ​​historic drilling at the Santa Teresa Gold Project (project).


Highlight

  • HOA Binding to Acquire La Sorpressa III Tenement to Expand Santa Teresa Gold Project in Baja California, Mexico
  • La Sorpressa III was historically mined in recovered grades of 280 g/t gold and produced between 100,000 and 200,000 ounces.
  • The La Sorpressa III tenement is adjacent to the northwestern license boundary of the comet’s main Santa Teresa Gold Project tenement.
  • The mineralization within the La Sorpressa III tenement is considered an extension of the system that hosts the company’s existing JORC resource in Santa Teresa providing scope for potential resource upgrades.

The inclusion of La Sorpressa III in the Santa Teresa project is potentially transformative. Our existing JORC resource is in the northwest corner of our existing tenement package and is open on the border with La Sorpressa III. With La Sopressa III we will have the opportunity to test the interpreted northwestern extension of mineralization for inclusion in future resource updates.

Click here for the full press release.

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