Liberty Property
Liberty Property
Lithium Exploration
Comet Lithium’s Primary Asset in James Bay, Québec
Comet Lithium’s Liberty Property stands as a testament to the Company’s forward-thinking vision in the heart of Quebec’s prolific James Bay Region. As a focal point of Comet Lithium’s endeavors, the Liberty Property not only underscores the Company’s commitment to harnessing the vast lithium potential of the region but also positions it strategically amidst the evolving landscape of sustainable energy resources.
Strategically Positioned
Shining Bright Amidst James Bay’s Success Stories
Source: Winsone Resources’ press release dated April 3, 2023: https://wcsecure.weblink.com.au/pdf/WR1/02650507.pdf
Exciting discoveries reveal strong potential for lithium-caesium-tantalum (LCT) bearing pegmatites at the Liberty Property.
2024 Exploration Highlights
- Fieldwork Completed: Two weeks of exploration at the Liberty Property, Québec.
- Comprehensive Sampling: 127 rock samples collected for laboratory assays.
- Promising Zones Identified:
- One along the Adina East strike.
- Another in the southeast, with new outcrops and boulders observed.
- Key Findings:
- Seven samples with K/Rb ratio values below 55, five below 7.5, indicating high potential for LCT pegmatites.
CEO Statement
Vincent Metcalfe, President & CEO, remarked:
“Our 2024 exploration program has reinforced our confidence in Liberty Property’s potential. Discovering the Stardust Dyke and highly anomalous boulders in the southeast corner highlights the property’s significance within the Trieste Lithium greenstone belt. As we proceed, we anticipate further insights from the Adina and Galinee programs to deepen our understanding of the region’s mineralization.”
2024 Fieldwork Summary
Focus was on the southernmost portion of the Liberty Property, leveraging helicopter reconnaissance and ground traverses.
Achievements:
- Coverage: 214 km across priority traverses.
- Sampling: 33 outcrops, 94 boulders, and 77 observation points.
- Key Findings:
- North-south striking Stardust Dyke, observed over 3m.
- Seven angular boulders with tourmaline, muscovite, and apatite—primarily in the southeast corner.
Key Discoveries
Southeast Corner Insights
- Highly Differentiated Pegmatite Blocks:
- Samples with K/Rb ratios between 3.6–7.2.
- Elevated lithium content: up to 0.22% Li₂O.
- High rubidium values, e.g., 8,000 ppm Rb.
- Proximity to Stardust Dyke suggests nearby sources.
Stardust Dyke Characteristics
- Mineralogy:
- White pegmatite with muscovite (5-10%) and tourmaline (1-5%).
- Assay results: 5,659 ppm Rb, 919 ppm Cs, 274 ppm Ta, and 0.07% Li₂O.
- Observation Challenges: Thick overburden limited manual excavation.
Adina East Drill Results
Comet’s findings align with promising results from Winsome Resources Inc. (August 2024):
- High-Grade Intercepts:
- 16.0m at 2.15% Li₂O (Hole AD-24-211).
- 15.3m at 1.35% Li₂O (Hole AD-24-227).
- Encouragement for Further Drilling: The mineralization remains open to the east, with encouraging thickness and grades.
Galinee Drill Results
Rio Tinto / Midland Program is ongoing to the East of Liberty
- 1.38% Li2O over 37.86 metres, including 1.88% Li2O over 21.35 metres(TLIB0007)
- 1.49% Li2O over 26.50 metres, including 1.85% Li2O over 19.20 metres(TLIB0002)
- 1.94% Li2O over 20.97 metresand 2.47% Li2O over 11.52 metres(TLIB0006)
- 1.09% Li2O over 33.30 metres, including 1.87% Li2O over 16.70 metres(TLIB0004)
Next Steps
Comet plans to:
- Expand exploration in prospective zones along Adina East and southeast Liberty Property.
- Collaborate with partners to trace mineralization continuity.
Figure 1: Anomalous Outcrop & Sample Map.
Figure 2: Stardust Dyke Showing.
Figure 3: Dyke Mineralogy Details.
