Komet Resources Inc.

Komet Resources Inc.

November 10, 2014 13:56 ET

Guiro Mine's Mineralization Indicates High Gravity Circuit Recoveries

QUEBEC CITY, QUEBEC--(Marketwired - Nov. 10, 2014) - Komet Resources inc. (TSX VENTURE:KMT)("Komet" or the "Company") is pleased to announce positive results from metallurgical testing. The Extended Gravity Recoverable Gold (EGRG), work index and cyanide leaching performed by Peacocke & Simpson (Harare, Zimbabwe) confirms a high GRG/cyanide recovery rate (avg. 97.3%) from the Guiro gold deposit located in Burkina Faso.

The GRG testing reveals excellent results using a single Knelson concentrator, with a high recovery yield of 74%. Testing also revealed that free gold is mostly very coarse and easily retrievable. Cyanide leaching of gravity tails yielded a recovery rate of 89.6% from the leach feed (EGRG test tails) which shows promise for a standard CIL circuit. Overall GRG/leach recovery rates are therefore very high at 97.3%.

Komet President and CEO, Mr. André Gagné, stated: "We were looking for confirmation that Guiro's mineralization is easily recoverable and the results obtained in preliminary metallurgical testing are beyond our most optimistic expectations. "

The grindability and bond work index of the sample is 0.980 g/rev and 15.20kWh/st respectively, which are satisfactory. Those tests are primarily used to determine the power required to grind a ton of material and guide us in our grinding equipment selection.

The full report of Peacocke & Simpson is available on our website and SEDAR.

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

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. André Drouin, Director of Metallurgy at Komet Afrique Ressources SA supervised the drafting of this release. Jacques Marchand, P.Eng. Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented there, including verification of the data disclosed.

Contact Information

  • Investors relations and information:
    Andre Gagne
    President and CEO
    Skype : andregagne11