Comet Lithium Corporation announced it has identified pegmatites in outcrop during phase one of its ground exploration program at its 100%-owned Liberty Property in James Bay, Quebec, adjacent to Winsome Resources' Adina project. The first phase of exploration on the Liberty Property began early August, and to date, the exploration team has covered a distance of approximately 536 kilometres, which represents more than 90% of the ground. Furthermore, the field teams have identified and sampled numerous pegmatite veins in outcrop, as well as in large sub crop glacial boulders and erratic blocks.

All the 205 rock samples collected at Liberty as of now are scheduled to be sent to the laboratory in early September 2023 for further analysis. The exploration program on Liberty is now moving into the second phase, which is a soil survey to assist in the identification of drill targets. Comet Lithium would also like to draw attention to Loyal Lithium's recent discovery on its Trieste Lithium project of five spodumene bearing pegmatite dykes.

The location of the new discovery is about 10 kilometres east south of the Liberty Property limit. The cluster of pegmatite outcrops and associated glacial boulders defines a new lithium mineralization trend. This time, unlike the Winsome's Adina pegmatite trend hosted in the amphibolite-dominated Trieste Formation, the new discovery is hosted in high metamorphic rocks derived from sediments.

The new discovery puts the Liberty Property in the middle of these two discoveries. It also demonstrate that valuable pegmatites can be found outside of the known Adina trend.