Comet Resources has been given the green light to begin drilling at its high-grade Santa Teresa gold project in northern Mexico.
Comet Resources has been given the green light to begin drilling at its high-grade Santa Teresa gold project in northern Mexico.
The company is planning to plough in more than 2,000 metres of diamond drilling across the high-grade historical mine area at Santa Teresa, as it looks to better define the recognised gold lodes at depth.
Santa Teresa takes in two granted mineral claims which cover over 200 hectares and overlie the high-grade Santa Teresa gold deposit and its environs.
Comet’s recent work over the deposit has resulted in the estimation of a JORC resource that weighs in at 369,000 tonnes grading a very respectable 7.47 g/t gold.
The company is now revisiting the historical exploration over the mine area, with an evaluation of the remnant drill core at Santa Teresa delivering outstanding results.
Comet also said that whilst the Santa Teresa deposit currently boasts a relatively modest resource, the quartz-stockwork hosting the gold mineralisation has only been drilled down to 300m below surface.