Petratherm Limited announced that the first stage of its Deep Geochemical Gold Exploration Drilling program at the Comet Project is complete. The Comet Gold Project is located approximately 80 kilometres southwest of Coober Pedy in South Australia and 30 km east from the Aurora Tank Gold deposit. The Challenger gold deposit (1.1 Moz @ 5.1g/t) and the high-grade Aurora Tank Gold discovery by Marmota Limited, demonstrate the gold fertility of the Northern Gawler Craton. Historical exploration in the region has however been severely impeded by the shallow cover which masks most of the prospective basement rock. To overcome this issue, the Company has completed regional shallow RAB drilling comprising of 468 drill holes totaling 5777 metres. The goal of the program was to drill through the shallow transported cover and directly evaluate the geochemical signature of the top of the deeply weathered basement clays (top of saprolite) for gold and other metals. Studies undertaken by Petratherm, of gold deposits on the Gawler Craton, show the top saprolite is highly anomalous in gold before passing into a deeply leached zone above a primary gold source in the bedrock below. In addition to the regional geochemical work, nine close spaced deeper orientation holes were drilled to blade refusal which occurred at approximately 40m depth at the Comet prospect. This was done to try and help identify the dip direction of historic gold mineralisation in preparation for planned deeper RC drilling at Comet later in the year. The Company will provide a summary of results once geochemical assays have been completed which are expected to be mid to late June.