Category Archives: News

Press releases from Komet Ressources

Komet – End of drilling campaign on Kabaya in Mali.

Quebec, August 23, 2017 – Komet Resources Inc. (“Komet” or “the Company”) is pleased to announce the end of its drilling program on the Kabaya zone on the Dabia South permit (previously known as Moussala) in Mali. 53 holes of reverse circulation (RC) drilling were completed for a total of 4243 meters and 4233 samples were analyzed in addition to 248 blanks, 249 standards and 249 duplicates.

The Dabia South permit is located in the Senegalo-Malian shear zone which is already host to several important gold deposits such as Fekola (5M ounces) located at only 20 km to the west and Loulo (12M ounces) at 50 km north.

The Kabaya zone is oriented north-south and is traced over a strike length of 500 m, a width of 230 m and a depth of 80 m. Furthermore, with the addition of the last results, the south-west extension is traced over a length of 200 m and a width of 50 m, also with a depth of 80 m.

The gold-rich zone is open in all directions except towards the north where it may be shifted eastwardly according to an apparent pattern on surface which seems to move mineralized sections between 25 and 30 meters to the east progressing to the north.

Following the verification of the analyzed results, of the mineralogy and of the density of material, Komet will prepare a preliminary resource calculation of the near-surface portion of the Kabaya zone and a NI43-101 compliant report.

Simplified geology of the Senegalo-Malian Shear zone and location of the permit:

1 – Granite
2 – Volcano-sedimentary
3 – Volcanic
4 – Gold deposit (known resource)
5 – Senegalo-Malian Shear

Summary table of drill hole results (including the previously announced results and the new results):

Drill #

From (m)

To (m)

Interval (m)

Au g/t

Km2017rc01 33 44 11

1.65

incl 37 39 2

5.56

Km2017rc03 48 56 8

2.29

incl 51 53 2

6.74

Km2017rc06 51 71 19

4.80

incl 53 56 3

12.23

incl 62 69 6

8.24

incl 66 67 1

33.60

Km2017rc09 27 30 3

2.03

Km2017rc11 0 17 17

1.71

Km2017rc12 0 62 62

2.02

incl 25 27 2

9.76

incl 32 35 3

8.19

incl 38 42 4

6.25

incl 46 51 5

5.96

incl 55 57 2

1.72

Km2017rc13 26 28 20

1.22

Km2017rc15 0 27 27

1.33

incl 0 11 11

1.64

incl 15 22 7

1.62

incl 24 25 1

1.76

Km2017rc16 0 67 67

1.16

incl 0 18 18

2.03

incl 8 9 1

7.67

incl 23 30 7

2.42

incl 39 41 2

1.73

Km2017rc17 13 18 5

1.90

Km2017rc20 0 13 12

3.43

incl 0 7 7

5.68

Km2017rc22 12 15 3

1.35

Km2017rc25 79 80 1

1.29

Km2017rc26 0 14 14

1.60

incl 0 1 1

10.70

Km2017rc32 40 41 1

1.30

Km2017rc32 48 49 1

1.18

Km2017rc33 3 5 2

1.35

Km2017rc35 0 11 11

3.44

incl 0 8 8

4.49

incl 0 3 3

8.26

Km2017rc39 24 25 1

1.12

Km2017rc39 41 52 11

1.69

Km2017rc39 65 74 9

1.14

Km2017rc41 0 12 12

1.73

incl 0 7 7

2.53

Km2017rc48 4 19 15

1.25

incl 15 16 1

3.78

Km2017rc48 36 39 3

1.03

Km2017rc48 45 46 1

4.30

Km2017rc49 72 73 1

2.16

Km2017rc50 6 20 14

1.28

incl 8 9 1

4.90

incl 14 15 1

4.09

Km2017rc50 26 27 1

2.90

Km2017rc50 63 64 1

2.79

Km2017rc51 2 37 35

2.63

incl 23 34 11

4.83

For a full list of results, click here.

Permit map:

drill hole location map on the Kabaya zone:

Mr. André Gagné, president and CEO, stated: “With the quality of those results, the future perspectives of our Dabia South permit are becoming more and more interesting. Consequently, we will accelerate the setup of the next drilling campaign.”

Samples were analyzed by fire assay with AA finish on 50 g sample aliquots at the SGS Laboratory in Bamako, Mali. Drilling supervision and sampling at the drill site were performed by qualified technical staff. The QA/QC program and the processing of results were designed by qualified geologists according to NI 43-101 regulation standards and best industry practices. One blank or standard or duplicate sample was inserted for every 20 samples analyzed.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Relations Publiques Paradox Inc. / Carl Desjardins / +1-514-341-0408 / carldesjardins@paradox-pr.ca

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause

Komet intersects the South-West zone on Kabaya in Mali. Intersections of 2.63 g/t Au on 35m.

Quebec, July 26, 2017 Komet Resources Inc. (“Komet” or “the Company”) is pleased to announce a new set of results from its drilling program completed on the Dabia South permit (previously known as Moussala) in Mali. The new results from RC drilling (true widths of intersects not determined) are from a new zone located South-West of the main gold-rich Kabaya structure that runs North-South and is traced over a strike length of 500 m and a width of 230 m. Drill holes 51 and 52 intersected this new zone over a length of 200 m and a width of 50m. Notable intersections include 2.63 g/t Au over 35 m and 4.84 g/t Au over 11 m. For previously released results, please refer to the press release dated March 27, 2017, and the press release dated May 2, 2017.

Summary table of the results:

Drill #

From (m)

To (m)

Interval (m)

g/t Au

Km2017rc51

2

37

35

2.63

incl

23

34

11

4.83

Km2017rc51

50

52

2

0.92

Km2017rc51

58

74

16

0.83

incl

58

59

1

1.83

incl

66

69

3

1.40

Km2017rc52

10

13

3

1.38

Km2017rc52

31

37

6

3.62

incl

33

34

1

11.70

Km2017rc52

41

46

5

0.62

Km2017rc52

50

60

10

1.41

Km2017rc52

68

80

12

1.42

Mr. André Gagné, president and CEO, stated: “This new zone on the Dabia South permit confirms the great potential of the Kabaya target which is still open in all directions.”

Samples were analysed by fire assay with AA finish on 50 g sample aliquots at the SGS Laboratory in Bamako, Mali. Drilling supervision and sampling at the drill site were performed by qualified technical staff. The QA/QC program and the processing of results were designed by qualified geologists according to NI 43-101 regulation standards and best industry practices. One blank or standard or duplicate sample was inserted for every 20 samples analyzed.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Komet intersects 10.62 g/t on 57 cm Au and 8.64 g/t on 52 cm with core drilling south to the Guiro mine.

Quebec City, May 25, 2017 Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce the first drilling results on the Guiro South zone, 488 meters south to the Guiro mine.

Following the sampling results on this new zone announced in the March 29, 2017 press release, three holes were core drilled over an area of ​​40 m in width by 80 m in length and confirmed a striped and coiled vein that appears parallel and similar to the Guiro vein. These three holes intercepted the structure, but hole 1 did not contain the mineralized vein. The two mineralized stacks encountered at 40 m depth have an average (true) width of 0.91 m and an average grade of 7.6 g/t Au. This grade is of the same order as that found in the grooves of gold pits (March 29, 2017 press release). Two visible gold points are present in Survey 2. Following those excellent results, a drilling campaign of at least 1000 meters is underway.

Summary table of the results from the mineralized zone:

Hole

From (m)

To (m)

Length (m)

True width

g/t Au

Gs2017dd02

52.45

52.90

0.45

0.39

0.82

Gs2017dd02

52.90

53.46

0.56

0.48

0.46

Gs2017dd02

53.46

54.03

0.57

0.49

10.62

Gs2017dd02

54.03

54.70

0.67

0.58

7.17

Gs2017dd02

54.70

55.76

1.06

0.92

0.36

Gs2017dd03

53.43

53.78

0.35

0.30

1.97

Gs2017dd03

53.78

54.30

0.52

0.45

8.64

Gs2017dd03

54.30

54.64

0.34

0.29

0.73

Gs2017dd03

54.64

55.64

1.00

0.87

0.55

 

Reminder of the results from the March 29, 2017 press release.

Summary of results from selected samples from gold panner’s bags:
(concentrated samples not representative of the mineralization hosted on the property)

Samples

Au g/t

201709011

10.87

201709012

9.74

201709119

23.61

201709120

24.35

201709121

36.42

201709122

22.88

 

Summary of results from perpendicular channel sampling:
(Channel length represents the full true width)

Samples

Geological unit

Au g/t

Channel length (cm)

201709155

Quartz vein

11.11

31

201709156

Wall

0.74

10

201709157

Quartz vein

11.13

29

201709158

Quartz vein

4.88

30

201709159

Quartz vein

8.13

30

201709160

 Wall and Quartz vein

3.37

30

201709151

Quartz vein

23.8

68

201709152

Quartz vein

11.1

73

201709153

Quartz vein

17.2

69

201709154

Quartz vein

11.4

70

201709148

Quartz vein

2.21

45

201709149

Quartz vein

10.58

45

201709150

Wall

0.99

45

Mr André Gagné, president and CEO declares: “We are very enthusiastic about this new discovery close to the Guiro mine and its facilities. Those results are very encouraging for the future growth of mine production by the Company.”

All assays reported were obtained by standard 30 grams fire-assaying-AA finish or gravimetric finish at the Company’s mine site laboratory. Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43–101 and industry best practices, including the introduction of standards or blanks with every batch of 3 samples analyzed.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Komet intersects 2.02 g/t gold over 62 m and 1.26 g/t over 67 m on Dabia South in Mali

Quebec, May 2, 2017 Komet Resources Inc. (« Komet » or « the Company ») is pleased to announce a new set of results from its drilling program completed on the Dabia South permit (previously known as Moussala) in Mali.  The new results from RC drilling (intercept true widths not determined) are from the central and eastern portion of the gold-rich Kabaya structure that runs north-south across the permit. The structure has now been traced over a strike length of 500 m and a width of 230 m. Notable drill intercepts include: 2.02 g/t Au over 62 m; 1.16 g/t Au over 67 m; and 3.43 g/t Au over 12 m. Other significant results are presented in the following table. For previously released results, please refer to the press release dated June 21, 2016, and more recently the press release dated March 27, 2017.

Summary table of most significant results:

Hole number

From (m)

To (m)

Interval (m)

Au (g/t)

Km2016rc01

33

44

11

1.65

including

37

39

2

5.56

Km2016rc01

70

80

10

0.73

Km2016rc02

23

27

4

0.49

Km2016rc03

48

56

8

2.29

including

51

53

2

6.74

Km2016rc03

66

81

14

0.59

Km2016rc04

5

9

4

0.60

Km2016rc05

40

48

8

0.39

Km2016rc06

39

47

8

1.61

Km2016rc06

51

62

11

3.72

including

53

56

3

12.23

Km2017rc08

0

1

1

0.55

Km2017rc09

27

30

3

2.03

Km2017rc10

0

11

11

0.35

Km2017rc11

0

80

72

0.87

including

0

17

17

1.71

Km2017rc12

0

62

62

2.02

including

25

27

2

9.76

including

32

35

3

8.19

including

38

42

4

6.25

including

46

51

5

5.96

including

55

57

2

1.72

Km2017rc14

0

6

6

0.44

Km2017rc15

0

27

27

1.33

including

0

11

11

1.64

including

15

22

7

1.62

including

24

25

1

1.76

Km2017rc15

78

80

2

0.52

Km2017rc16

0

67

67

1.16

including

0

18

18

2.03

including

8

9

1

7.67

including

23

30

7

2.42

Including

39

41

2

1.73

Km2017rc17

0

27

27

0.97

including

13

18

5

1.90

Km2017rc17

33

38

5

0.75

Km2017rc18

0

13

13

0.49

Km2017rc19

0

3

3

0.62

Km2017rc19

23

39

16

0.39

Km2017rc20

0

13

13

3.43

including

0

7

7

5.68

Km2017rc22

12

15

3

1.35

Km2017rc22

20

22

2

0.74

Km2017rc23

0

11

11

0.73

Km2017rc25

79

80

1

1.29

Km2017rc27

0

19

19

0.48

Km2017rc29

0

13

13

0.67

Km2017rc31

0

10

10

0.52

Km2017rc37

1

2

2

0.27

Regarding these new results Mr. André Gagné, president and CEO, commented: “These results are very encouraging and are being added to the ones recently released in March from the same zone. The gold mineralization at Kabaya compares favorably to the one outlined in the Siribaya, Kono and Diaka gold zones now being developed by Iamgold, a few kilometers south of our permit.” We are waiting for the remaining results from the drilling program in order to perform a compilation and a preliminary resource assessment for this portion of the Kabaya structure.

Samples were analysed by fire assay with AA finish on 50 g sample aliquots at the SGS Laboratory in Bamako, Mali. Drilling supervision and sampling at the drill site were performed by qualified technical staff. The QA/QC program and the processing of results were designed by qualified geologists according to NI 43-101 regulation standards and best industry practices. One blank or standard or duplicate sample was inserted for every 20 samples analyzed.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Gold Discovery South to the Guiro Mine

Quebec City, March 29, 2017 Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce the first sampling results from a new mineralized zone discovered 488 meters south to the Guiro mine.

A first sampling was done by Komet’s geologists in gold panner’s bags from fresh pit material. Those are selected samples and are not necessary representative of the mineralization of this structure. A second sampling, by right angle channels over the full width of the mineralized vein structure, was done by Komet geologists directly in the pits, at depths between 15 and 18 meters.

Five active gold panner’s pits are identified along an estimated vein network covering 30 meters in width and a minimum of 130 meters in length, parallel to the Guiro vein. Komet is planning an exploration program on this zone at the beginning of April with a diamond drill rig that was mobilized for Guiro last week.

For André Gagné, president and chief executive officer, “This new discovery is a clear indication of the high gold potential of the Guiro permit while we are just beginning its systematic exploration by modern methods.”

Summary of results from selected samples from gold panner’s bags:

Samples

Au g/t

201709011

10.87

201709012

9.74

201709119

23.61

201709120

24.35

201709121

36.42

201709122

22.88

Summary of results from perpendicular channel sampling:

Samples

Geological unit

Au g/t

Channel
length (
cm)

201709155

Quartz vein

11.11

31

201709156

Wall

0.74

10

201709157

Quartz vein

11.13

29

201709158

Quartz vein

4.88

30

201709159

Quartz vein

8.13

30

201709160

 Wall and Quartz vein

3.37

30

201709151

Quartz vein

23.8

68

201709152

Quartz vein

11.1

73

201709153

Quartz vein

17.2

69

201709154

Quartz vein

11.4

70

201709148

Quartz vein

2.21

45

201709149

Quartz vein

10.58

45

201709150

Wall

0.99

45

All assays reported were obtained by standard 30 grams fire-assaying-AA finish or gravimetric finish at the Company’s mine site laboratory. Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43–101 and industry best practices, including the introduction of standards or blanks with every batch of 3 samples analyzed.

Stock Options
600,000 stock options were granted at a price of $0.40. Of those, 200,000 went to directors of the company.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Komet Announces First Drilling Results From Dabia South in Mali

Quebec City, March 27, 2017 Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce the first drilling results on its Dabia South permit (formerly known as Moussala) located in Mali. The first shallow six holes were drilled on the south portion of the Kabaya gold zone. The RC drilling sections are located within a north-south oriented corridor and cover a 50 meters width, drill hole true width is not determined. Among results, hole 06 reported 12.23 g/t over 3 meters. These new results complement the preceding historical intersections announced in the June 21, 2016, press release.

Table of the results:

Drill hole

From (m)

To (m)

Length (m)

Au (g/t)

Km2016rc01

33

44

11

1.65

including

37

39

2

5.56

Km2016rc01

70

80

10

0.73

Km2016rc02

23

27

4

0.49

Km2016rc03

48

56

8

2.29

including

51

53

2

6.74

Km2016rc03

66

81

14

0.59

Km2016rc04

5

9

4

0.60

Km2016rc05

40

48

8

0.39

Km2016rc06

39

47

8

1.61

Km2016rc06

51

62

11

3.72

including

53

56

3

12.23

Samples were analyzed by merger fusion on a grip of 50g pulp and ppm finish for the gold at the independent SGS Laboratory, Bamako, Mali. Sampling on site is done by professional geologists and Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43–101 and industry best practices, including the introduction of standards, blanks and duplicates with every batch of 20 samples analyzed.

Concerning these new results, Mr. André Gagné, president and chief executive officer, made this comment: “These results were above our expectations in a new sector where gold vein mineralization was poorly known and not at all documented.”

Consequently, the company plans 500 metres of additional drilling to investigate this new zone.

Follow up on the Guiro project

Concerning exploration work:

  • The airborne geophysical survey has been completed on 100% of the permit. Final results are expected before the end of April following data processing
  • The company completed a soil geochemical program and the samples are now being analyzed and compiled. A total of 2700 samples were taken at a one meter depth from a 100 x 100 meter grid.
  • A new mineralized gold zone has been discovered 488 meters to the south of the Guiro mine. The vein structure previously worked by local gold panners is oriented to the east and is followed over 130 meters. The samples collected are currently being analyzed and compiled.
  • A diamond drill has been mobilized at Guiro. With new information coming from the airborne survey, prospecting, geochemistry and the sampling program, the company is now positioned to drill the most promising targets.

Concerning the Guiro mine:

  • The commissioning of the intensive leach reactor (Concep Acacia CS250) and the new gravimetric concentrator as started in the last few days. The refurbishing of the Denver Ball Mill is 100% completed and the testing is planned for this week. Also, the recommendations from the third-party metallurgical firm to optimize the process with, among others, the addition of hydro cyclones, will be completed in the next following weeks.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Constant Increase in Gold Production Throughout 2016 – Gold Sales Also Increased

Quebec City, January 23, 2017 Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce that its Guiro mine has maintained an increase in production and sales of gold in Q4 2016.

Raw gold (average of 91%) production at the Guiro mine for the quarter was recorded at 26.6 kilos. This is an increase of 13% compared to the previous quarter which was recorded at 23.5 kilos.

Gold sales from production also increased to a total of CA$1,239,914 in Q4 compared to CA$383,164 in Q1, CA$658,586 in Q2 and CA$1,163,938 in Q3. This is a 7% increase compared to the previous quarter, even with a decrease of 6 % on the average gold price.

Exploration Work
The geochemical soil sampling program on the Guiro property is still ongoing. The first 2,700 samples are almost completed and depending on the results, 1,300 additional samples could be taken to tighten the actual 100m x 100m grid on the anomalous zones that are going to be identified. The planned airborne geophysical survey will start in the next few weeks. In Mali, the drilling campaign is started with 6 holes drilled out of the 41 that are planned.

Interest on Debentures Paid in Shares.
A third payment of interests on the debentures issued on June 8, 2015, is planned in the form of shares, at a conversion price of $0.4587 per share, which is the average of the five days preceding the payment date of December 1st, 2016, for a total amount of CA$120,000. Part of the interest payment will be issued to insiders. The total number of shares issued will be 261,608, of which 78,482 will be issued to insiders of the Company.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Komet announces a $242,370 surplus in Q3 2016

Quebec City, December 6, 2016 Komet Resources Inc. (“Komet” or the “Company”) present highlights of third quarter of 2016, which have been a very important quarter for the future development of Komet from the financial, organizational and strategic perspectives, having reached several milestones.

Strong Growth in Results and Break-even Reached
During this period, Komet got is best gold production results to date, even though the plant is still not fully optimized. The quarterly income as of September 30, 2016, exceeded $1.16 million for the first time in the Company’s history and has been constantly growing at a significant pace over each quarter of 2016: $383,164 in the 1st quarter 2016, $658,589 in the 2nd quarter 2016 and $1,163,938 in the 3rd quarter 2016.

The mine is cost-effective for the quarter ended September 30, 2016. For the first time in the history of the Company, the gold sales largely exceeded the funds invested in the project during the same period. The gold sales totalized $1,163,938 during the quarter, from which royalties amounting $87,502 were paid or are payable resulting in net income from gold sales of $1,076,436. The costs incurred at the mine during the quarter amount to $834,066, resulting in a surplus of $242,370.

Most Important Financing of the Company’s History
In July 2016, the Company finalized a financing for a gross amount of $4,726,644, by the issuance of 13,129,567 shares at the price of $0.36 each. This issuance, with no warrants, provided the Company with a net amount of $4,463,089 in view of the fees related to the issuance.

This financing will allow the Company to improve its financial situation, to acquire additional equipment to optimize the plant as desired in order to perform targeted exploration works on the Guiro/Diouga and the Moussala properties.

Process equipment
This quarter also marked the acquisition of the last planned equipment at the Guiro mine, including the third concentrator (Knelson KC-CD12) and the purchase of the intensive leach reactor (Concep Acacia). These two main equipment to increase recovery performance will be delivered, installed and commissioned in the first quarter of 2017.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Forward-Looking Statements
Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange’s policies) accepts any liability of any kind as to the authenticity or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet Inc.’s (“Komet”) control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Update on the Guiro and Moussala Exploration Programs

Quebec City, November 25, 2016 Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce a series of exploration programs that will take place in Burkina Faso and Mali.

Firstly, a soil geochemical sampling program consisting of 2700 one-meter deep boreholes is currently taking place on the Guiro/Diouga permit. These samples are being collected on a 100m x 100m grid and an additional series of 1300 samples is planned on a tighter grid around gold anomalous zones that will be encountered. There could be up to a total of 4000 samples collected and analyzed. The program covers an area measuring 7.5 x 3.6 km that was the subject of previous geochemical surveys (1980s and 1990s) that revealed several gold anomalous areas where no follow-up was made.

Still on the Guiro/Diouga permit, an airborne geophysical survey will kick off in December 2016. A total of 5200 linear kilometers will be flown based on 150-meter line spacings using Geotech’s versatile time-domain electromagnetic (VTEM) and magnetic system (including total field and horizontal magnetic gradient). This data will be of great help in identifying geological structures with gold potential and the next priority targets.
Finally, over 2000 meters of core drilling is planned at levels 3 and 4 of the Guiro mine to identify mineralized areas striking east and west of the current mine workings, as well as deeper in the mine at level 5. The results of this drilling will support current operations and allow definition of additional resources.

Moussala Permit in Mali
A drill program starting in December 2016 on the Moussala permit will consist of reverse circulation (RC) drilling on a small 25m x 50m grid, concentrated in the Dabia south zone. A total of 3280 metres is planned, consisting in 41 boreholes that will average 80 meters depth. Added to the historical results in the same area, this program will allow for the estimation of near-surface gold resources.

“After seeing our last quarterly results progress dramatically, this series of exploration programs is giving a real significance to our motto: Discovering by producing!” says André Gagné, Komet’s President and Chief Executive Officer.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Forward-Looking Statements
Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange’s policies) accepts any liability of any kind as to the authenticity or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet Inc.’s (“Komet”) control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Gold Production Increases More Than 90% in Q3 2016

Quebec City, November 4, 2016 Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce a significant increase in production and sales of gold in Q3, especially in September.

Raw gold (average of 91%) production at the Guiro mine for the quarter was recorded at 23.5 kilos (828 ounces), with 10.6 kilos (374 ounces) throughout September. This is a 90% increase compared to the previous quarter.

Gold sales also increased to a total of CA$1,163,938 in Q3 compared to CA$383,164 in Q1 and CA$658,586 in Q2.

Work at the Guiro mine
The Consep Acacia CS250 Intensive Leach Reactor (ILR) which will process concentrates with high efficiency has been manufactured faster than expected and will be shipped overseas and via ground transportation in November and December 2016. During this period, civil works are going to be done in order to be ready for installation when the reactor and other equipment will arrive. The third Knelson concentrator is in transit and expected to be delivered to the project site by the end of November 2016.

A third-party firm with metallurgical expertise is currently working on validating the final process that will include 3 concentrators, 2 ball mills and the reactor. Commissioning is still planned for Q1 2017 and could be accelerated in the early weeks of January if all deliveries are on schedule. The installation is planned to minimize disruption to the current plant operations and minimize the possibilities of production delay with the new equipment.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Forward-Looking Statements
Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange’s policies) accepts any liability of any kind as to the authenticity or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet Inc.’s (“Komet”) control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.