Petratherm Limited announced infill-grid drilling of high-grade rare earth (REE) clay hosted prospect areas and exploration drilling of new targets at the Comet Project in the Northern Gawler Craton of South Australia has been successfully completed. Petratherm staff and drill crew are now demobilising from site. The program comprised 88 drill holes, totaling 2,898 metres with an average hole depth of 33 metres.

At Meteor Prospect 47 air core holes were drilled at 100 metre spacing over the central high-grade rare-earth zone as part of an assessment of rare earth grade continuity. Push tube core sampling of the mineralised clay profile has also been completed for rock density measurements and to provide samples for metallurgical test work. Drilling operations included step out drill traverses 200 metres north and south of Southern REE Zone mineralisation and testing of a further 5 green field targets identified from geophysical /geological interpretations with reconnaissance style drill traverses over target zones.

Initial results of drilling are expected to be ready towards the end of January. PTR is very pleased to complete this important phase of works and now awaits results.