Accelerate Resources Identifies New Gold Targets at Comet Gold Project

Carol Forrest
comet

Accelerate Resources Limited (ASX: AX8) has significantly advanced its Comet Gold Project in Western Australia's prolific Murchison Goldfield, identifying three new high-priority gold exploration targets.

Key Highlights:

  • Granting of key exploration licence E20/1000 significantly expands Accelerate's prospective area to 68 square kilometres.

  • The new tenement is located just 700 metres from Westgold Resources’ Tuckabianna gold mill, within a region known for substantial gold production exceeding 1.2 million ounces.

  • Recent detailed geological reviews and field reconnaissance have outlined three new high-priority targets within the newly granted area:

    • Target C1 features an intensely folded Banded Iron Formation (BIF), previously undrilled, showing strong potential for gold mineralisation.

    • Targets C2 and C3 identified through historical shallow drilling, highlighting potential parallel structures to the mineral-rich Tuckabianna Shear Zone.

CEO Luke Meter stated, “This recent licence grant and subsequent target identification underscore the potential of the Comet Gold Project. The proximity to existing significant gold production and the identification of compelling geological structures strengthen our confidence in the project's substantial upside.”

Accelerate is planning further exploration including electrical geophysical surveys and drilling, pending heritage clearances.

For additional information, visit www.AX8.com.au.