Comet Lithium Corp | TSXV: CLIC

 

Troilus East Property

Troilus East Property

Troilus East Project Highlights

Location: Chibougamau, Québec, Canada

Update: as of January 2025

Project Overview: The Troilus East Property is strategically located, being contiguous to the eastern boundary of a large gold deposit that is being advanced to the Feasibility Stage by Troilus Gold. Furthermore, it lies on the contact of a significant granitic intrusion, the Parker Pluton, and the Frotet-Evans Greenstone Belt.

2024 Exploration Program Overview:
The program successfully identified significant gold-in-till anomalies and promising rock samples, marking a step forward in unlocking the property’s potential.

Key Highlights:

  • Gold-in-Till Anomalies:
      • Identified three discrete gold-in-till anomalies along a key geophysical structure trending with the Parker Intrusion contact.
      • The mid-section anomaly correlates with findings from the 2020 exploration program, enhancing the site’s prospectivity.
  • Rock Sampling Results:
      • Cluster of outcrop samples revealed gold anomalies ranging from 0.055 g/t to 0.224 g/t.
      • Samples include rusty quartz veins in basalt and gossanous gabbro, located on the same trend as gold-in-till anomalies, indicating proximity to potential bedrock sources. 

2024 Exploration Program Details:

  • Survey Coverage:
      • ~9,000 hectares with 500-meter line spacing for regional sampling.
      • 873 till samples collected, including 623 regional and 250 in-fill samples for enhanced analysis.
  • Rock Sampling:
      • 142 samples collected from boulders and outcrops during up-ice prospecting to trace anomaly sources.
  • Geological Targeting:
      • Focused on gold, copper, and lithium mineral systems.
      • Systematic till grid sampling and geological mapping conducted to refine future drill targets.

Next Steps:

  • Follow-up in-fill till sampling and additional boulder/outcrop prospecting.
  • Potential Induced Polarization (IP) surveys to refine drill targets based on further results.

Leadership Insight:

“We’re thrilled with the promising anomalies identified at Troilus East. These findings align with our strategic approach to uncover high-value mineral systems, and we look forward to the next phase of exploration,” said Vincent Metcalfe, President & CEO of Comet Lithium.

Future Potential:

The Troilus East Property exploration program is a vital part of Comet’s vision to drive discoveries in underexplored regions, advancing Québec’s position as a leading mining hub.

Figure 1: Troilus East Property located near multiple major gold and lithium deposits (3)

Figure 2: Map of Troilus East target area showing regional till sampling geochemical results

Figure 3: Troilus East 2024 Prospecting Program Results