Proactiveinvestors United Kingdom Core Lithium Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Core Lithium Ltd RSS feed en Mon, 17 Jun 2019 09:55:44 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Core Exploration Ltd begins maiden lithium drilling at Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/165596/core-exploration-ltd-begins-maiden-lithium-drilling-at-northern-territory-70691.html Core Exploration Ltd (ASX:CXO) has commenced the company’s first lithium focused drilling program at the Finniss Lithium Project in the Northern Territory.

The program will consist of 2,000 metres of reverse circulation drilling and will test 5 high priority drill targets.

The Finniss Lithium Project covers a large portion of the Bynoe Tin-Tantalum-Lithium Pegmatite field.

Bynoe is a highly prospective area for lithium in the Northern Territory and has many similarities to Greenbushes in Western Australia, one of the world’s largest and highest grade spodumene deposits.

As with Greenbushes, before economic lithium was recognised, the Finniss Lithium Project had a 100 year history of tin and tantalum mining.

The Mt Finniss Mine was listed by the Northern Territory Geological Survey as the largest overall single producer of tin and tantalum in the Northern Territory.

Core’s evaluation and exploration work represent the first systematic assessment of this area for lithium, given all of the historical work was primarily focused on tin‐tantalum.

The project has substantial infrastructure advantages, being close to grid power, gas and rail infrastructure.

Importantly, the project is about 100 kilometres by sealed road to the multi-user port facility at Darwin Port, Australia’s nearest port to Asia.

The drilling is scheduled to be completed around mid-September with assay results expected in October.

Core is well funded with a cash balance of $2.4 million as at 30 June 2016.

The company’s share price has surged by about 150% since the beginning of 2016.

 

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Fri, 26 Aug 2016 11:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165596/core-exploration-ltd-begins-maiden-lithium-drilling-at-northern-territory-70691.html
<![CDATA[News - Core Exploration Ltd raise $2.2 million to accelerate lithium exploration ]]> https://www.proactiveinvestors.co.uk/companies/news/134748/core-exploration-ltd-raise-22-million-to-accelerate-lithium-exploration-68168.html Core Exploration Ltd (ASX:CXO) has received firm commitments from investors to place 52 million new shares at an issue price of $0.042 per share to raise $2.2 million.

The funds raised will be used to accelerate the lithium evaluation at Core’s Northern Territory tenements.

The placement was substantially oversubscribed, with strong support received from professional and institutional investors in Australia and offshore.

The company is initially focusing its attention on the Finniss Lithium Project in the Bynoe Pegmatite Field, and the Anningie Lithium Project in the North Arunta Pegmatite Province.

The new funds will be used for fieldwork across both the projects with the objective of selecting pegmatite drill targets for the maiden drill program scheduled to commence in Q3 2016.

Core recently commenced fieldwork for the evaluation and geochemical sampling of numerous historic mine workings in the lithium prospective pegmatite fields of the Northern Territory.

Core’s portfolio in the Northern Territory covers more than 25 historic tin-tantalum mines considered highly prospective for lithium mineralisation, including the Mount Finniss Tin-Tantalum Mine.

The Mount Finniss Tin-Tantalum Mine is the largest historically producing tin-tantalum mine in the Northern Territory.

Core’s evaluation and exploration work represent the first systematic assessment of these historic mines and surrounding tenements for lithium, given all of the historical work was primarily focused on tin‐tantalum.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 20 Apr 2016 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134748/core-exploration-ltd-raise-22-million-to-accelerate-lithium-exploration-68168.html
<![CDATA[News - Core Exploration to outline share placement ]]> https://www.proactiveinvestors.co.uk/companies/news/134747/core-exploration-to-outline-share-placement-68114.html Core Exploration Ltd (ASX:CXO) is heading to market with a capital raising, which will be a share placement.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Wednesday 20th April 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 18 Apr 2016 11:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134747/core-exploration-to-outline-share-placement-68114.html
<![CDATA[News - Core Exploration Ltd continues lithium exploration drive ]]> https://www.proactiveinvestors.co.uk/companies/news/134746/core-exploration-ltd-continues-lithium-exploration-drive-67530.html Core Exploration Ltd (ASX:CXO) continues its lithium momentum with four new four new exploration license applications around the Anningie and Barrow Creek Tin Tantalum Pegmatite Fields in the Northern Territory, which are considered prospective for lithium.

The lithium minerals spodumene, elbaite and lepidodite have been recorded in pegmatites from the Anningie Field.

Investors who took the recent placement at $0.022 are in the money as the current price of $0.038 attests to the intense interest in lithium themed stocks.

The lithium content of the Barrow Creek source granites and pegmatites are considerably higher than most other granites in the NT and comparable to source granites in the highly prospective Pine Creek Pegmatite Province.

Core’s NT lithium projects also include the Mount Finniss Tin Tantalum Mine – the largest historically producing tin and tantalum pegmatite mine in the NT and a further 25 tin tantalum pegmatite mines in the lithium rich Bynoe Pegmatite Field.

The Company expects the exploration licenses to be granted in Q3 2016.  It will put its $1 million cash position to good use with exploration work over its lithium projects.

Core Exploration has claimed that preparations are underway to commence evaluation and testing of the lithium potential of numerous historic pegmatite mines in the coming weeks.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 16 Mar 2016 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134746/core-exploration-ltd-continues-lithium-exploration-drive-67530.html
<![CDATA[News - Core Exploration is Wednesday's ASX Most Traded with 50 million ]]> https://www.proactiveinvestors.co.uk/companies/news/134745/core-exploration-is-wednesdays-asx-most-traded-with-50-million-67309.html Wednesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Core Exploration CXO $0.028 7.69% 50,360,382 Slater & Gordon SGH $0.260 -17.46% 43,635,308 Telstra TLS $5.090 1.80% 41,732,042 LWP Technologies LWP $0.004 0% 39,518,627 Atlas Iron AGO $0.016 6.67% 38,628,455 ResApp Health RAP $0.190 40.74% 36,131,502 Medibank Private MPL $2.780 7.75% 34,627,829 Arrium ARI $0.017 -5.56% 34,401,981 TV2U International TV2 $0.018 -10% 31,875,530 88 Energy 88E $0.042 -6.67% 30,056,433

 

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Thu, 03 Mar 2016 08:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134745/core-exploration-is-wednesdays-asx-most-traded-with-50-million-67309.html
<![CDATA[News - Core Exploration raising funds for Northern Territory lithium ]]> https://www.proactiveinvestors.co.uk/companies/news/134744/core-exploration-raising-funds-for-northern-territory-lithium-67060.html Core Exploration (ASX:CXO) recently added the largest historically producing tin pegmatite mine in the Northern Territory to its portfolio of lithium projects.

Core’s new Finniss Lithium Project covers a prospective lithium rich Bynoe pegmatite field.

The tin tantalum-lithium field is one of the most prospective areas for lithium in the state, and has many similarities to Greenbushes in Western Australia, which is one of the world’s largest spodumene deposits.

Lithium focussed companies have recently been receiving increased investor interest due to the price of the commodity surging on the back of growing global demand for high-tech devices, storage batteries and electric cars.

Core is now preparing to outline details of a share placement, with the ASX granting the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 19th February 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 17 Feb 2016 14:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134744/core-exploration-raising-funds-for-northern-territory-lithium-67060.html
<![CDATA[News - Core Exploration is Wednesday's ASX Most Traded with 102 million ]]> https://www.proactiveinvestors.co.uk/companies/news/134743/core-exploration-is-wednesdays-asx-most-traded-with-102-million-66852.html Wednesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Core Exploration CXO $0.024 50% 102,719,261 Top End Minerals TND $0.057 -20.83% 68,094,207 Platypus Minerals PLP $0.008 33.33% 40,644,264 GB Energy GBX $0.004 0% 34,873,270 Fortescue Metals Group FMG $1.620 1.89% 30,600,449 Capital Mining CMY $0.004 0% 28,300,761 Telstra TLS $5.550 -1.07% 24,777,916 Raya Group RYG $0.029 7.41% 22,896,864 Carnavale Resources CAV $0.010 42.86% 15,328,917 Mirvac Group MGR $1.880 -2.08% 15,248,067

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 04 Feb 2016 08:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134743/core-exploration-is-wednesdays-asx-most-traded-with-102-million-66852.html
<![CDATA[News - Core Exploration follows up new lithium leads ]]> https://www.proactiveinvestors.co.uk/companies/news/134742/core-exploration-follows-up-new-lithium-leads-66846.html Core Exploration (ASX:CXO) has built on its early mover advantage in the Northern Territory with the identification of highly prospective lithium-rich pegmatite fields.

The company’s research highlights that the NT has over a 100 years of history in tin and tantalum mining from lithium rich pegmatites similar to the mining history at Greenbushes, Western Australia, one of the world’s largest spodumene deposits.

Although historic mining and exploration in the region has focused on the associated tin-tantalum mineralisation, spodumene and other lithium mineralisation has been previously identified in area pegmatites.

Core recently completed a joint venture on its Blueys project in the territory with China-based Jilin No1 Survey.

This development is seen as an initial foundation for a relationship that has the potential to support both organisations’ goals to make high-quality exploration discoveries.

In particular, the joint venture has enabled Core’s renewed focus on NT lithium and set up near-term newsflow for the company in the form of development updates from the recently identified pegmatites.

Investors have bid listed lithium stocks higher and higher as growth potential of the lithium-ion battery sector is projected to increase rapidly.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 03 Feb 2016 15:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134742/core-exploration-follows-up-new-lithium-leads-66846.html
<![CDATA[News - Core Exploration to advance joint venture deal ]]> https://www.proactiveinvestors.co.uk/companies/news/134741/core-exploration-to-advance-joint-venture-deal-66148.html Core Exploration (ASX:CXO) has requested a trading halt of its shares on the ASX ahead of an announcement by Wednesday, December 16 regarding a material joint venture transaction.

During the September quarter, Core entered into a non-binding Memorandum of Understanding with an offshore organisation under which the parties agree to negotiate the final terms of a Joint Venture to advance Core’s Inkheart and Blueys project in the Northern Territory.

Very high grades of graded up to 4,065 g/t silver, 8% copper and 25% lead have been identified in surface rock-chip sampling at Inkheart/Blueys.

The MOU summarises key terms by which the incoming party can earn up to an 80% interest in one a Core Exploration area by sole funding exploration expenditure within 2 years.


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Mon, 14 Dec 2015 13:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134741/core-exploration-to-advance-joint-venture-deal-66148.html
<![CDATA[News - Core Exploration hits lead-zinc mineralisation in South Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/134740/core-exploration-hits-lead-zinc-mineralisation-in-south-australia--65036.html Core Exploration (ASX:CXO) has intersected an intense breccia zone of base metal sulphide mineralisation during recent drilling at the company’s Yerelina zinc project in South Australia.

Drilling at the project’s Great Gladstone prospect encountered a 9.8-metre section from a depth of 144 metres downhole demonstrating breccia and veining as sphalerite (zinc) along with galena (lead).

The mineralised zone is also mapped as a gossan outcrop at surface and occurs within a fault zone interpreted to be up to 1.5 kilometres long.

Surface channel sampling of these gossans at Great Gladstone returned significant zinc, lead and silver assays.

Of the 38 samples taken along a 1-kilometre section of fault zone at Great Gladstone, 34 returned combined lead and zinc assays in excess of 10,000 parts per million and more than 1 g/t silver.

The best assay graded 14.7% zinc, while lead values peaked at 12.7% and silver at 567 g/t.

Assay results from the breccia encountered in the latest drilling are expected to be delivered in 4-6 weeks.

Yerelina’s prospectivity is demonstrated by high-grade mineralisation and historic mine workings within repeated structures over an 8-kilometre by 3-kilometre area.

Core’s analysis of modern satellite imagery and the Company’s detailed heli-borne magnetic and radiometric survey data have identified that these mineralised structures are potentially part of a large scale system of repeated north-south regional faults.

Core has also been awarded a grant of up to $75,000 for drilling as part of the SA government’s PACE Discovery Drilling 2015 program.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Oct 2015 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134740/core-exploration-hits-lead-zinc-mineralisation-in-south-australia--65036.html
<![CDATA[News - Core Exploration readies to raise ]]> https://www.proactiveinvestors.co.uk/companies/news/134739/core-exploration-readies-to-raise-63434.html Core Exploration (ASX:CXO) has been granted a trading halt by the ASX this morning pending details of a capital raising.

Core has exploration projects for copper, zinc and uranium in the Northern Territory and South Australia.

The halt will remain in place until the opening of trade on Thursday 16th July 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 14 Jul 2015 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134739/core-exploration-readies-to-raise-63434.html
<![CDATA[News - Core Exploration identifies new zinc target in the Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134738/core-exploration-identifies-new-zinc-target-in-the-northern-territory-62167.html Core Exploration (ASX:CXO) has identified a new zinc target at the Black Gate Prospect in the Northern Territory.

Soil results from the prospect show a range of anomalous metals like Blueys/Inkheart, but with much higher zinc levels .

Core has built a tenure position covering over 100 kilometres strike of the target Bitter Springs host geology structurally juxtaposed on the crystalline basement rocks of the east Arunta.   

The company plans to continue exploration over a number of its tenements.

Targets generated from this work will be ranked against the signature at Blueys/Inkheart that reflects silver lead zinc sulphide mineralisation at depth.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 05 May 2015 16:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134738/core-exploration-identifies-new-zinc-target-in-the-northern-territory-62167.html
<![CDATA[News - Core Exploration, CSIRO to accelerate exploration targeting in Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134737/core-exploration-csiro-to-accelerate-exploration-targeting-in-northern-territory-60610.html Core Exploration (ASX:CXO) has entered into a Federal Government co-funded research agreement with CSIRO to accelerate exploration targeting of mineral systems within the Jervois Domain and Albarta Projects in the east Arunta, Northern Territory.

CSIRO will investigate the application of an integrated analysis of magnetics and airborne electromagnetic to aid exploration targeting.

The project seeks to enhance the prospectivity of Core Exploration’s tenement holding, by providing processed and interpreted geophysical data.

This will allow follow-up exploration and drilling can be prioritised and executed.       

Phase 1 of the research will be undertaken at the brownfields scale, targeted at defining potential extension of the known Jervois base‐metal mineral system in adjacent undercover areas. This includes:

- Analysis of VTEM SuperMax AEM data, acquired by Geotech Ltd, involving application of fast approximate transforms, full non‐linear inversion, and parametric modelling of the amplitude data to identify potentially mineralised targets; and
- Petrophysical analyses (Susceptibility, Remanence and AMS) to constrain modelling targeted toward identifying the most prospective sites for mineralisation.

Phase 2 will be undertaken at a regional scale over a large area aimed at prospect refinement activity targeting IOCG, Cu‐VMS/sedex and other mineral systems, across Core’s tenements.

This will be underpinned by prior knowledge from previous studies, and ongoing studies in the area will be aimed to analyse and prioritise a large number of discreet anomalies, determine depth to source and likely volume.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 10 Feb 2015 14:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134737/core-exploration-csiro-to-accelerate-exploration-targeting-in-northern-territory-60610.html
<![CDATA[News - Core Exploration boosting funds for Northern Territory copper hunt ]]> https://www.proactiveinvestors.co.uk/companies/news/134736/core-exploration-boosting-funds-for-northern-territory-copper-hunt-59294.html Core Exploration (ASX:CXO) has received firm commitments from sophisticated, professional and institutional investors to place 15 million new shares at $0.05 to raise $750,000.

Each share comes with an attaching free option exercisable at $0.10 before 31 January 2016.

Funds raised will be used to plan additional work on copper targets at Virginia and Copper Royals subject to assay results from current drilling in the Northern Territory, and modelling of potential drill targets within the Bonya Schist.

These will be assisted by utilising final aerial electromagnetic data from Core's tenements adjacent to KGL Resources' (ASX:KGL) Jervois project.

Drilling of prioritised copper targets on Core’s Jervois Domain tenements Q1 2015 is subject to interpretation and modelling of exploration results in the east Arunta region.

Funds will also provide working capital to support the acceleration of exploration activities over the greater Albarta project.

With this funding in hand, Core can move forward confidently toward drilling its Jervois Domain tenements in the NT early next year.

In addition, the company will deliver first assay results from current drilling of copper target at Virginia and Copper Royals before Christmas.

Core also holds prospective IOCG projects and established uranium resources in South Australia.

The company is capitalised at $8 million, considering ground held and upcoming newsflow.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Dec 2014 13:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134736/core-exploration-boosting-funds-for-northern-territory-copper-hunt-59294.html
<![CDATA[News - Core Exploration to outline share placement ]]> https://www.proactiveinvestors.co.uk/companies/news/134735/core-exploration-to-outline-share-placement-59236.html Core Exploration (ASX:CXO) has been granted a trading halt by the SAX pending details of a share placement.

Core's shares have been placed in pre-open.

The company recently commenced a reverse circulation drilling program at its wholly-owned Albarta Project, north east of Alice Springs in the Northern Territory.

The halt will remain in place until the opening of trade on Monday 1st December 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 27 Nov 2014 11:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134735/core-exploration-to-outline-share-placement-59236.html
<![CDATA[News - Core Exploration to make share placement ]]> https://www.proactiveinvestors.co.uk/companies/news/134734/core-exploration-to-make-share-placement-56925.html Core Exploration (ASX:CXO) is re-commencing reverse circulation drilling of its high grade silver lead zinc discovery in the North Territory in the next few weeks, with the company now heading to market with a capital raising.

Drilling is to commence at Inkheart/Blueys first week of September, with copper focussed drilling to follow at Virginia and Copper Queen.

The program is expected to cover 2500 metres

Recent drill hits from Blueys include: 1 metre at 1,070g/t silver and 8% lead; and 2 metres at 843g/t silver and 5.9% lead in a broader halo of 17 metres at 116g/t silver and 0.83% lead.

Inkheart highlights include: 4 metres at 195g/t silver, 5.24% lead and 2.49% zinc from 111 metres.

The halt will remain in place until the opening of trade on Monday 18th August 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 14 Aug 2014 14:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134734/core-exploration-to-make-share-placement-56925.html
<![CDATA[News - Core Exploration drills near to high-grade copper hits at Jervois ]]> https://www.proactiveinvestors.co.uk/companies/news/134733/core-exploration-drills-near-to-high-grade-copper-hits-at-jervois-56413.html Core Exploration's (ASX:CXO) shares are set to rise after kicking off copper exploration at its wholly-owned tenements in the Jervois region in the Northern Territory north east of Alice Springs.

Adding significant interest to drilling is that Core's adjacent EL 29581 is just 500 metres west of KGL Resources' (ASX:KGL) hit of 13 metres at 5.75% copper, 23.2g/t silver and 0.32g/t gold from 20 metres, announced yesterday.

KGL's shares have more than tripled already this month.

Core has reviewed the previous exploration on its own tenements following the success of KGL, and is planning soils and reconnaissance mapping and sampling this quarter to identify potential copper drill targets.

The company will focus on the underlying Bonya Schist which hosts much of the copper and polymetallic mineralisation at Jervois.

Core’s exploration will also build on the collaborative research by the Northern Territory Geological Survey (NTGS) and a CSIRO led Centre of Excellence using ASTER (Advanced Spaceborne Thermal Emission and Refection Radiometer) data.

This data led to KGL identifying new copper mineralisation in the Jervois region.


Analysis

Considering Core's light market cap. of just $5 million, with exploration kicking off near the KGL hit of 13 metres at 5.75% copper, it is leveraged to any exploration success.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Jul 2014 14:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134733/core-exploration-drills-near-to-high-grade-copper-hits-at-jervois-56413.html
<![CDATA[News - Core Exploration bags funding to drill high grade silver targets, Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134732/core-exploration-bags-funding-to-drill-high-grade-silver-targets-northern-territory-53055.html Core Exploration (ASX:CXO) has received firm commitments from professional and sophisticated investors for 15 million new shares at $0.05 to raise $750,000, to fund high grade silver drilling in the Northern Territory.

A share purchase plan of up to $750,000 will also be offered existing shareholders at $0.05, partially underwritten to an amount of $500,000.

Funds will be used to expedite drilling approvals and a drilling program at Blueys and Inkheart, where silver in soil and rock chips up to 4.5 kilograms per tonne silver have been identified.

Core will also develop drill targets beneath the high-grade copper at surface at the Copper Royals and Virginia Prospects.

Given the exploration results received to date, Core recently secured 100% ownership of the Albarta joint venture tenements, which incorporate Blueys and Inkheart, prior to initiating drilling.

This gives Core shareholders maximum exposure to upside from any material discoveries.

Core also controls large IOCG targets near BHP's Olympic Dam in South Australia, and is capitalised at under $5 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 21 Feb 2014 15:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134732/core-exploration-bags-funding-to-drill-high-grade-silver-targets-northern-territory-53055.html
<![CDATA[News - Core Exploration to finalise share placement ]]> https://www.proactiveinvestors.co.uk/companies/news/134731/core-exploration-to-finalise-share-placement-52961.html Core Exploration (ASX: CXO) is conducting a placement, with the ASX granting the company a trading halt this morning.

Core's shares are currently in pre-open.

Earlier in the month the company moved to full ownership in all of its joint venture tenements at the promising Albarta minerals Project in the Northern Territory.

The acquisition means that Core now holds a 100% interest in over 2000 square kilometres of fully granted tenure.

Albarta hosts multiple occurrences of high-grade copper (+ silver) mineralisation indicating strong prospectivity and quality drill targets, including up to 10% copper and 4,500g/t silver at surface, Blueys Project.

The halt will remain in place until the opening of trade on Friday 21st February 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 19 Feb 2014 11:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134731/core-exploration-to-finalise-share-placement-52961.html
<![CDATA[News - Core Exploration to update acquisition of JV interests in Albarta project ]]> https://www.proactiveinvestors.co.uk/companies/news/134730/core-exploration-to-update-acquisition-of-jv-interests-in-albarta-project-52721.html Core Exploration (ASX: CXO) is preparing to update the market on the acquisition of joint venture interests at the company’s Albarta project.

The ASX has today granted the company a trading halt, with its shares placed in pre-open.

Albarta is located in the Northern Territory, with previous highlights including 1,533g/t (1.5 kilogram per tonne) silver discovered 500 metres west of previous high grade samples at Blueys.

The halt will remain in place until the opening of trade on Thursday 13th February 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 11 Feb 2014 16:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134730/core-exploration-to-update-acquisition-of-jv-interests-in-albarta-project-52721.html
<![CDATA[News - Core Exploration identifies IOCG drill targets at Roxby Project in South Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/134729/core-exploration-identifies-iocg-drill-targets-at-roxby-project-in-south-australia-52067.html Core Exploration (ASX: CXO) has identified a number of high priority iron ore-copper-gold (IOCG) drill targets from geophysical modelling and review of new and previous surveys at its Roxby project in South Australia.

Roxby covers an area of 400 square kilometres and is located just 10 kilometres from BHP Billiton’s (ASX: BHP) Wirrda Well IOCG Project and 40 kilometres from the Olympic Dam copper, gold and uranium mine.

The company is now considering plans for detailed gravity, magnetics and resistivity/IP geophysical surveys over these drill targets prior to drill testing.

It is also in discussions with a number of Australian and International parties who have expressed interest in this area.

The review of the new and past geophysical surveys and historic drilling confirmed that IOCG mineralisation has been intersected in basement at a number of prospects in the region and there appears to be a good relationship between the mineralisation in these holes and the observed analytic signal filtered magnetic highs.

 

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Tue, 21 Jan 2014 15:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134729/core-exploration-identifies-iocg-drill-targets-at-roxby-project-in-south-australia-52067.html
<![CDATA[News - Core Exploration finds new 1533g/t silver rock chip at Blueys, Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134728/core-exploration-finds-new-1533gt-silver-rock-chip-at-blueys-northern-territory-49840.html Core Exploration (ASX: CXO) has discovered 1533 grams per tonne silver in rock chips (1.5 kilogram per tonne) at the recently recognised western zone at its Blueys Prospect in the Northern Territory.

Core’s latest results increase the potential scale of the mineralised system at Blueys within the larger Albarta Project, and compliment previous samples of 4065 grams per tonne silver with 10% copper and 25% lead to the east.

The new results and mapping have expanded the extent of mineralised outcrop at Blueys by 500 metres west, toward the contact between formation host rock and amphibolites in basement rocks.

Notably, the western side of Blueys has not been tested by previous exploration, which was focused on the eastern flank.

The highest grade silver results have come from surface rock-chip sampling of a hydrothermally altered, red-purple, fine grained siliceous unit.

Evidence of intense fluid flow provided by stock work veining further enhances the prospects of mineralisation at depth.

An Induced Polarisation geophysical survey is scheduled to commence this week to map mineralisation at depth and define drill targets at Blueys and Inkheart prospects.

In parallel with Core’s field work, land access procedures for drilling approvals are underway.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 05 Nov 2013 12:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134728/core-exploration-finds-new-1533gt-silver-rock-chip-at-blueys-northern-territory-49840.html
<![CDATA[News - Core Exploration identifies lead, copper soil anomalism at Inkheart ]]> https://www.proactiveinvestors.co.uk/companies/news/134727/core-exploration-identifies-lead-copper-soil-anomalism-at-inkheart-49302.html Core Exploration (ASX: CXO) has defined lead and copper-in-soil anomalism at the Inkheart prospect within its Albarta project in the Northern Territory.

Geochemical anomalism at these prospects is supported by previous rock chip samples up to 4,065 grams per tonne silver, 5.5% copper and 25% lead.

Recent mapping and rock chip sampling at Blueys has identified a broad zone of pervasive stock-work veining associated with malachite and azurite (copper) and galena (lead/silver) minerals at surface.

The level of silver, copper and lead soil anomalism within soils at Inkheart is directly comparable to Blueys, enhancing the probability of similar style mineralisation  but on a potentially larger scale.

Results are pending from Core’s recent surface rock chip sampling focussed on identifying the source of the high silver in soil samples at the Inkheart Prospect and previously unrecognised western-zone at Blueys.

Core is currently analysing previous airborne electromagnetic magnetic and radiometric surveys over Blueys and Inkheart with results expected in late October.

An induced polarisation survey is scheduled to commence over potential drill targets at Blueys and Inkheart shortly after, and land access procedures to enable drilling approvals are curently underway.

These new geochemical values combined with previous high grade rock chips add to confidence that drilling in the area may produce significant assay results.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 21 Oct 2013 13:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134727/core-exploration-identifies-lead-copper-soil-anomalism-at-inkheart-49302.html
<![CDATA[News - Core Exploration extends Northern Territory silver anomaly to over 2,000 metres ]]> https://www.proactiveinvestors.co.uk/companies/news/134726/core-exploration-extends-northern-territory-silver-anomaly-to-over-2000-metres-48549.html Core Exploration (ASX: CXO) has extended the silver in soil anomaly at the Inkheart prospect within its Albarta Project in the Northern Territory to over 2,000 metres with new soil sampling returning up to 18,241ppb silver.

In addition, soil sampling has defined a 700 metre by 400 metre silver anomaly at the nearby Blueys prospect.

Both anomalies are clear-cut and coherent with the majority of soil samples being highly residual, which indicates that they should reflect the geochemistry of the underlying geology.

Sampling at Inkheart had defined very high silver in soils over a core 200 metre by 50 metre area. Scope also exists to further extend the length of the broader soil anomaly and thicken the width of the anomaly to the northwest.

The latest rock chip samples at Blueys have returned up to 4,065 grams per tonne silver, 5.5% copper and 25% lead.

Future Plans

Mapping and sampling planned at the Inkheart Prospect during October will focus on identifying barite rich veins as well as the iron rich gossans identified in previous mapping in an attempt to define the source of the high silver in soil samples.

It also plans to extend the original infill survey at Inkheart to define potential areas of high silver anomalism that are yet to be tested.

Core is analysing the previous airborne electromagnetic, magnetics and radiometric surveys over Blueys and Inkheart in the context of the new detailed soil information and high-grade rock chip results from its recent exploration.

The results of this geophysical analysis are expected in late October and an Induced Polarisation survey is scheduled to commence over potential drill targets at Blueys and Inkheart shortly after.

 

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Fri, 27 Sep 2013 13:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134726/core-exploration-extends-northern-territory-silver-anomaly-to-over-2000-metres-48549.html
<![CDATA[News - Core Exploration hits high grade silver heights in the Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134725/core-exploration-hits-high-grade-silver-heights-in-the-northern-territory-47798.html Core Exploration (ASX:CXO) has hit drilling nirvana with the highest grades ever encountered at well named Blueys prospect in the Nothern Territory.

While only rock chips at this stage have been gathered at surface, when you find widespread silver grading 4.1 kilograms per tonne(4,065 g/t), with 5.5% copper and 25% lead, ears will pin back.

When you have a market capitalisation of less than $2.5 million, it is all upside.

The Blueys and Inkheart Prospects are within Core’s Albarta Project that covers over 2,000km2 of the newly recognised, highly prospective IOCG Aileron Province, 100km north east of Alice Springs in the Northern Territory.

Core believes that these high silver in soil and rock chip results are an indicator of significant mineralisation at depth.

They may have something there given early stage exploration in areas such as Investigator Resources Ltd’s (ASX:IVR) flagship Paris Project in S.A., where continued high grade silver is intersected at depth.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

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Tue, 10 Sep 2013 15:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134725/core-exploration-hits-high-grade-silver-heights-in-the-northern-territory-47798.html
<![CDATA[News - Core Exploration secures final tenement for Albarta copper-IOCG project in the NT ]]> https://www.proactiveinvestors.co.uk/companies/news/134724/core-exploration-secures-final-tenement-for-albarta-copper-iocg-project-in-the-nt-47332.html Core Exploration’s (ASX:CXO) Albarta Project now covers over 2,000 square kilometres in the Aileron Province, Northern Territory, that has been recently recognised as having Iron Oxide Copper Gold prospectivity.

This follows the award of the final Exploration Licence Application, which includes the large-scale Copper King mineral field and recently announced high-grade copper results of to 34% at the Virginia Prospect.

Exploration is underway at Albarta to define drill-ready copper and IOCG targets for drilling in the fourth quarter of this year.

Other notable results from previous exploration across the project include up to 14% copper and 72 grams per tonne gold at Copper King, 10% copper and 2,200g/t silver at Blueys Prospect, 19,552ppb silver in soil at the new Inkheart Prospect and a large scale copper, nickel and PGE target at the Mordor Prospect.

Albarta, which consists of 20 tenemenets, is located about 100 kilometres northeast of Alice Springs.

 

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Thu, 29 Aug 2013 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134724/core-exploration-secures-final-tenement-for-albarta-copper-iocg-project-in-the-nt-47332.html
<![CDATA[News - Core Exploration samples 34% copper at surface in the Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134723/core-exploration-samples-34-copper-at-surface-in-the-northern-territory-46622.html Core Exploration’s (ASX: CXO) rock chip sampling has identified an undrilled copper target over 1 kilometre long with assays of up to 34% copper at surface within its Albarta project in the Northern Territory.

The copper target is further evidence for the company’s belief that the 2,000 square kilometre Albarta project – located 100 kilometres northeast of Alice Springs - could be Australia’s new copper-IOCG hot spot.

This is on top of existing evidence of mineralisation and recently confirmed IOCG prospectivity by Geoscience Australia.

Previous soil sampling program was carried out on five lines on 600 metre by 50 metre spacing coincident with a zone of alteration interpreted from the Landsat images. A strong copper in soil anomaly was returned along strike from the main Virginia outcrop in both directions

The company expects its soil sampling to identify any additional outcropping zones of mineralisation.

It also plans to undertake detailed geophysics over known areas of mineralisation to identify potentially larger mineral bodies at depth and determine drill targets.

Field exploration on Virgina and the previously announced Copper King area will begin once the tenement is granted later this month.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Aug 2013 16:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134723/core-exploration-samples-34-copper-at-surface-in-the-northern-territory-46622.html
<![CDATA[News - Core Exploration identifies more copper mineralisation in the Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134722/core-exploration-identifies-more-copper-mineralisation-in-the-northern-territory-45089.html Core Exploration (ASX: CXO) has identified additional copper mineralisation at its Albarta Project in the Northern Territory just 2.5 kilometres south of the Paradise Well deposit.

Surface samples at the newly discovered Paradise Well South prospect had returned high copper levels, two of which assayed 1.1% copper.

This follows the identification of a 5 kilometre long copper soil anomaly northwest of Paradise Well last week.

Soil sampling over the Paradise Well area has also defined number of kilometre-scale coincident copper and silver anomalies. These new results have identified target areas worthy of follow up exploration over a larger than expected area.

Core intends to extend the exploration area around the Paradise Well and Paradise Well South Prospects using further mapping, sampling and soil surveys. The more significant geochemical anomalies will be followed up with geophysical testing and prioritised for drilling.   

 

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Tue, 02 Jul 2013 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134722/core-exploration-identifies-more-copper-mineralisation-in-the-northern-territory-45089.html
<![CDATA[News - Core Exploration defines copper field in Northern Territory field ]]> https://www.proactiveinvestors.co.uk/companies/news/134721/core-exploration-defines-copper-field-in-northern-territory-field-44982.html Core Exploration (ASX: CXO) has identified a large copper field within its Albarta project in the Northern Territory after analysing mapping, prospecting and soil sampling by previous explorers.

This had defined a 5 kilometre long copper soil anomaly.

Rock chips assays of up to 14.3% copper and 72.3 grams per tonne have been sampled historically and the company now plans to utilise geophysical surveys for the first time over the area in the coming September quarter, to pinpoint high priority drill targets.

While previous explorers undertook a large amount of copper-gold focused exploration in the region in the 1990’s and early 2000’s, Core noted there is little evidence that geophysics was used in targeting first pass historic rotary air blast drilling that identified thin intervals of copper mineralisation.

It believes that any broader mineralisation within structures at depth could be identified through geophysics as demonstrated by recent copper exploration successes in the region like Kidman Resources (ASX: KDR) and its Home of Bullion find.

Core intends to undertake detailed geophysics over known areas of mineralisation to identify potentially larger mineral bodies at depth. Any substantial geophysical anomalies identified would constitute priority drill targets.

The company is expecting to commence field exploration on this tenement once it is granted during the next quarter.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 28 Jun 2013 13:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134721/core-exploration-defines-copper-field-in-northern-territory-field-44982.html
<![CDATA[News - Core Exploration identifies copper, nickel and PGE mineralisation at NT project ]]> https://www.proactiveinvestors.co.uk/companies/news/134720/core-exploration-identifies-copper-nickel-and-pge-mineralisation-at-nt-project-44333.html Core Exploration (ASX: CXO) has identified copper, nickel and platinum group elements mineralisation at key prospects of its wholly-owned Mordor Project in the Northern Territory.

Work undertaken by Core – combined with results of the considerable body of work assembled by Rio Tinto over a 20 year period - has proven that the Mordor Complex is prospective for ‘reef’ type copper nickel PGE sulphide mineralisation associated with ultramafic cumulates.

“Walk-up” drill targets include the Orodruin and Braveheart prospects within the Mordor Project which is part of Core’s larger Albarta Project that covers over 2,000 square kilometres.

The mineralisation identified at the Orodruin and Braveheart prospects is similar to deposits including the world-class Merensky Reef, Bushveld Complex in South Africa and the Great Dyke in Zimbabwe.

As well as the various walk-up, copper, nickel and PGE drill targets already identified by Core, results from soil sampling have identified a number of copper and nickel (+/- platinum & chrome) anomalies that have not yet been drill tested.

The Braveheart mineralisation was discovered by Rio where drilling beneath a malachite stained ironstone returned 30.4 metres at 0.25% copper which included 1 metre at 1.4% copper, 0.3% nickel, 0.1 grams per tonne gold and 0.4g/t platinum and palladium.

The mineralised zone was only tested to a vertical depth of 80 metres and is open at depth and along strike.

The Orodruin prospect (formerly named Mithril Prospect) was discovered by Tanami Gold and is characterised by a strong copper, nickel and PGE anomaly in soils.

Follow-up rock chip sampling was done over one of the strongest soil anomalies and returned numerous highly anomalous values for copper, nickel and PGEs.

Diamond drilling of this area intersected zones of disseminated sulphides with anomalous copper, nickel and PGE values.

Future work will involve infill soil sampling to prove up any untested soil anomalies and more detailed soil sampling around the contacts of the intrusion to identify contact style mineralisation followed by diamond drilling.

The immediate”walk-up” drill targets include the untested depth potential of the Braveheart Prospect.

“Reef”-style PGE deposits are not always uniform along the mineralised horizon and often suffer from a “nugget effect” during analysis. This allows for significant improvements in grade within the vicinity of the previously identified mineralisation at Braveheart.

Deeper drilling is warranted on the project as the orientation of the “reefs” is currently unknown and it is quite likely that they are flat-lying and may be present at depth in the magma chamber.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 11 Jun 2013 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134720/core-exploration-identifies-copper-nickel-and-pge-mineralisation-at-nt-project-44333.html
<![CDATA[News - Core Exploration to raise capital ]]> https://www.proactiveinvestors.co.uk/companies/news/134719/core-exploration-to-raise-capital-43893.html Core Exploration (ASX: CXO) will launch a capital raising and has placed its share into an ASX trading halt.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday, 3rd June 2013.

Core had recently intersected thick uranium intersections of 60 metres at 482ppm U3O8, 75 metres at 268ppm U3O8 and 21 metres at 384ppm U3O8 from drilling at its fully-owned Fitton Project in South Australia.

It has also found new copper mineralisation at its recently recognised Paradise Well prospect in the Northern Territory.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 30 May 2013 09:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134719/core-exploration-to-raise-capital-43893.html
<![CDATA[News - Core Exploration to release exploration results from South Australian uranium project ]]> https://www.proactiveinvestors.co.uk/companies/news/134718/core-exploration-to-release-exploration-results-from-south-australian-uranium-project-43066.html Core Exploration (ASX: CXO) will update the market on significant exploration results from its Fitton uranium project in South Australia and has placed its shares on an ASX trading halt.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 13 May.

Its reverse circulation drilling program has so far extended the strike length and depth of the outstanding new uranium discovery at Scott Lee prospect.

Core had $1.26 million in cash at 31 March 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 09 May 2013 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134718/core-exploration-to-release-exploration-results-from-south-australian-uranium-project-43066.html
<![CDATA[News - Core Exploration finds new copper mineralisation at Paradise Well in Northern Territory ]]> https://www.proactiveinvestors.co.uk/companies/news/134717/core-exploration-finds-new-copper-mineralisation-at-paradise-well-in-northern-territory-42253.html Core Exploration (ASX:CXO) has found new copper mineralisation at its recently recognised Paradise Well prospect, boosting the scale potential of its copper resource at the Alabarta project in the Northern Territory.

The latest copper mineralisation has been found at surface during Core’s first exploration work at Paradise Well as malachite in veins and fractures over a distance of approximately 140 metres.

A best result of 1.6% copper was recorded and the new mineralisation is only 2 kilometres from a previously sampled area that identified up to 3.8% copper.

Core plans to undertake detailed soil sampling over the prospect to ascertain the extent of surface copper mineralisation that could help in refining an exploration target.

The Paradise Well copper prospect sits on a regional northwesterly trending structure within the highly prospective iron oxide copper gold zone and the strong copper mineralization and massive magnetite veining highlights the IOCG potential.

Core’s Albarta Project covers over 2,000 square kilometres of the newly recognised, highly prospective IOCG Aileron Province, 100 kilometres northeast of Alice Springs.

The company's tenements include a number of significant copper, gold, silver, uranium and rare earth element mineral occurrences.

Core had $1.72 million cash in hand as at 31 December 2012.
 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 19 Apr 2013 12:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134717/core-exploration-finds-new-copper-mineralisation-at-paradise-well-in-northern-territory-42253.html
<![CDATA[News - Core Exploration unearths high grade silver, lead and zinc in South Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/134715/core-exploration-unearths-high-grade-silver-lead-and-zinc-in-south-australia-40969.html Core Exploration (ASX: CXO) has made high grade rock chip assays of up to 567 grams per tonne silver and 15.11% combined lead and zinc at its Yerelina exploration licence in South Australia.

The high grades from gossans discovered at surface suggest mineralisation is more extensive than historical workings.

Yerelina (EL 5015) covers a 1,000 square kilometre area adjacent to the company’s Fitton Project.

Assay results have allowed Core to identify five separate north-south structures with high grade mineralisation.

This also shows that high grade mineralisation continues between and beyond the historic mineralisation, which was of initial interest to Core.

Two new locations with historic workings were identified from satellite imagery at Great Northern and Great Northern East.

Core’s recently completed field mapping and sampling was aimed at identifying extensions to the previously identified mineralisation at historical workings within the tenement.

Four historical workings are recorded within the tenement in an apparent east-west trend over 8 kilometres.

Limited documented information about the historical workings indicates that high grades of silver and lead were mined to a maximum depth of no more than 30 metres.

Analysis of modern satellite imagery and its recently completed detailed heliborne magnetic and radiometric survey data have identified that these workings are hosted by a large scale system of repeated north/south regional structures over many kilometres.

Core is now undertaking gravity surveys over areas of known outcropping mineralisation. Gravity anomalies identified in association with mineralised structures represent immediate drill targets.

Core had $1.7 million in cash as of 31 December 2012.


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Tue, 19 Mar 2013 13:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134715/core-exploration-unearths-high-grade-silver-lead-and-zinc-in-south-australia-40969.html
<![CDATA[News - Core Exploration restarts drilling program at SA uranium discovery ]]> https://www.proactiveinvestors.co.uk/companies/news/134714/core-exploration-restarts-drilling-program-at-sa-uranium-discovery-40758.html Core Exploration (ASX:CXO) has restarted drilling at its Fitton project in northern South Australia

The new 2,500 metres reverse ciruclation drilling program is part of follow up drilling ad is targeting down dip and strike extensions of the high grade mineralisation previously foud, including 5 metres at 0.25% U3O8.

That discoveriy was made during Core's first drilling program at the Scott Lee prospect within the Fitton project.

Assay results from the reverse circulation drilling program at Fitton are expected in April.

The company had a cash balance of $1.72 million in cash at the end of last quarter.



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Wed, 13 Mar 2013 16:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134714/core-exploration-restarts-drilling-program-at-sa-uranium-discovery-40758.html
<![CDATA[News - Core Exploration extends uranium mineralisation in South Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/134713/core-exploration-extends-uranium-mineralisation-in-south-australia-39923.html Core Exploration (ASX: CXO) has extended the area of known uranium mineralisation at its wholly-owned Fitton Project in South Australia to an area of 400 metres by 300 metres.

The rock chip sampling of selected outcrops in the area includes assays of more than 1,000ppm U3O8 about 300 metres from the nearest drillhole on the Scott Lee prospect discovery.

The company’s first discovery drill program in 2012 tested only a 250 metre magnetic portion of this prospective area.

Core plans to start drilling in March to test this new area of mineralisation and to follow up the high grade discovery at Scott Lee.

In addition, an area of highly anomalous uranium directly to the northeast of Scott Lee was identified by Core’s recent detailed airborne radiometrics survey.

This target area is a mix of weathered basement with Mesozoic and Tertiary sediments and was tested by a recently completed soil sampling program with results expected to be available before the completion of the drilling.   

Fitton is located in some of Australia’s premier uranium acreage, being just north of the Beverley, Four Mile and Mt Gee uranium deposits, project developments and mines.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 22 Feb 2013 13:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134713/core-exploration-extends-uranium-mineralisation-in-south-australia-39923.html
<![CDATA[News - Core Exploration to place shares, granted trading halt ]]> https://www.proactiveinvestors.co.uk/companies/news/134712/core-exploration-to-place-shares-granted-trading-halt-36973.html Core Exploration (ASX: CXO) is preparing to announce share placement details, with the ASX granting the company a trading halt and placing its shares in pre-open.

Just last week Core revealed a high grade uranium in maiden drilling program on the 100% owned Fitton Project, in northern South Australia.

Results included:

– 14 metres at 1,047ppm U3O8 (0.1%), including 5 metres at 2,540ppm U3O8 (0.25%);
– 11 metres at 316ppm U3O8, including 1 metre at 1,465ppm U3O8 (0.15%); and
– 11 metres at 174ppm U3O8 and 0.1% copper, including 5 metres at 217ppm U3O8 and 0.18% copper.

The company is building a position in Australia’s newest IOCG copper exploration hotspot. Core’s Albarta Project now comprises a number of tenements over a large area in Australia’s new Aileron IOCG Province.

The halt will last until the earlier of an announcement being made to the market, or the open of trade on Monday 10th December.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 06 Dec 2012 11:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134712/core-exploration-to-place-shares-granted-trading-halt-36973.html
<![CDATA[News - Core Exploration scores big with high grade uranium discovery at Fitton project ]]> https://www.proactiveinvestors.co.uk/companies/news/134711/core-exploration-scores-big-with-high-grade-uranium-discovery-at-fitton-project-36647.html Core Exploration (ASX:CXO) has found significant high grade uranium including 5 metres at 2,540 parts per million of U3O8 from its maiden drill program at Fitton in South Australia.

Grades also included 14 metres at 1,047 ppm and 11 metres at 316 ppm that included 1 metre at 1,465ppm of U3O8.

Moderate grade copper and uranium were also found with the best intersection of 5 metres at 0.18% copper and 217ppm U3O8.

The assay results confirm high scintillometer readings in field reports and further assays from 15 holes are to be received by mid December.

Core recently completed a reverse circulation drill program at its Fitton project, which is just 25 kilometres north of Heathgate's Beverley uranium mine.

The drilling successfully intersected high-grade uranium mineralisation within the broader shear zone  at  the  Scott  Lee Prospect with seven of  the ten drillholes drilled at Scott Lee reported significant uranium results.

The mineralisation is open at depth and along strike in both directions with substantial potential for further uranium mineralisation away from Scott Lee Prospect based on interpretation of magnetic and radiometric data of the area.

Drilling until now has focussed on the magnetics targets and many of the nearby uranium radiometric anomalies are yet to tested and drilled, which could provide further upside.

Core's 2012 drilling program at Fitton is now concluded and totalled 1,902 metres in 29 drill holes. The program tested seven separate prospects with the most number of holes drilled in the Scott Lee.

The next phase of drilling at the project will focus on improving the extent and grade of mineralisation intersected in the first pass program and testing any newly identified target areas.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 30 Nov 2012 12:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134711/core-exploration-scores-big-with-high-grade-uranium-discovery-at-fitton-project-36647.html
<![CDATA[News - Core Exploration asks ASX for trading halt ]]> https://www.proactiveinvestors.co.uk/companies/news/134710/core-exploration-asks-asx-for-trading-halt-36556.html Core Exploration (ASX: CXO) will announce results from drilling at the Fitton Project.

Core currently has a 2,000 metres reverse circulation (RC) drilling program underway on these targets at the Fitton Project (EL 4569) in northern South Australia.

Until the announcement to the market or the commencement of trade on Monday 3 December 2012, trading in the company's shares have been voluntarily halted.

During the last quarter, previously unreleased assays of rock-chip surface sampling from Choppy Prospect within the Fitton Project showed promise:

- Sample MP 00595: 6.6% Copper 0.85 g/t Gold 28 g/t Silver
- Sample MP 00681: 4.2% Copper 0.64 g/t Gold 32 g/t Silver

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 29 Nov 2012 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134710/core-exploration-asks-asx-for-trading-halt-36556.html
<![CDATA[News - Core Exploration poised to acquire interest in new tenements ]]> https://www.proactiveinvestors.co.uk/companies/news/134709/core-exploration-poised-to-acquire-interest-in-new-tenements-33740.html Core Exploration (ASX: CXO) has been granted a trading halt this morning pending an announcement on details in relation to transactions to acquire an interest in new tenements, with the company's shares placed in pre-open.

Core has not yet elaborated any further on the potential new tenements, but the company does currently have a project focus in South Australia.

Highlighting the prospectivity of Core's projects, up to 4% copper was found in outcrop at the Fitton project just last month - along with gold and silver values.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 26th September.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 24 Sep 2012 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134709/core-exploration-poised-to-acquire-interest-in-new-tenements-33740.html
<![CDATA[News - Core Exploration discovers up to 4% copper in outcrop at Choppy in South Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/134708/core-exploration-discovers-up-to-4-copper-in-outcrop-at-choppy-in-south-australia-32827.html Core Exploration (ASX: CXO) has unearthed high grade copper mineralisation of up to 4% in outcrop at the new Choppy Prospect, part of the wholly owned Fitton Project in northern South Australia, from sampling. 

The scale of copper, uranium and gold potential is building at Fitton with assays from eight samples delivering peak results of 4.7% copper, 0.75 grams per tonne (g/t) gold and 20g/t silver, as well as 0.25% copper, 1g/t gold and 1.6g/t silver.

In addition to previously noted elevated uranium at the Scott Lee Prospect, also part of the Fitton Project, high gold and silver levels are associated with copper mineralisation at Choppy.

A follow-up mapping and sampling program has already begun at Fitton, with assays due in September. Core is planning to begin its first drilling program at Fitton later in 2012.


Choppy

The Choppy Prospect is located 400 metres southwest of the promising Scott Lee Prospect, where assays of up to 10.5% copper and 0.34% uranium have previously been returned from surface sampling. 

The magnetic anomaly at Choppy is of a similar strike length to Scott Lee, doubling the currently defined target size for drilling planned for later this year.

Importantly, there are an increasing number of magnetic anomalies being defined by Core’s recent magnetic surveys, with three new magnetic targets of similar dimensions to Scott Lee and Choppy identified to the east and south.

Further mapping of these areas is currently underway to identify additional surface expressions of mineralisation.

The most significant magnetic anomaly identified to date is a much larger, 1,400 metre long and 250 metre wide, magnetic anomaly 2 kilometres southwest of the Scott Lee Prospect.

As at the Scott Lee Prospect, mineralisation at the Choppy Prospect is associated with a shear zone and is magnetic at a local scale.


Scott Lee uranium potential

Previous surface sampling by Core at Scott Lee has shown significant levels of copper and uranium.

A number of samples contained highly anomalous uranium above 100 parts per million for a strike length of over 800 metres and graded above 1% copper over a strike length of 150 metres.

After finding new outcropping copper mineralisation associated with ground magnetic anomalies, Core has completed infill magnetics at the Scott Lee Prospect.

The Fitton Project in South Australia is strategically located 25 kilometres north of Heathgate Resources’ Beverley uranium mine, Australia’s first operating in situ recovery mine.

Other major uranium mines and large deposits in the region include Alliance Resources’ (ASX: AGS) and Quasar Resources’ Four Mile Uranium Project, which hosts an Indicated and Inferred JORC Resource of 9.8 million tonnes at 0.33% for 71 million pounds of uranium.

Core’s Fitton Project lies just 25 kilometres from operating uranium plant producing and exporting yellowcake in a proven world class uranium mining district, which also hosts the Mt Gee deposit.

Fitton has been shown to host high grade copper and uranium at surface, enhancing the economic prospects of the project.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 28 Aug 2012 13:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134708/core-exploration-discovers-up-to-4-copper-in-outcrop-at-choppy-in-south-australia-32827.html
<![CDATA[News - Core Exploration uncovers new targets at Fitton near operating Beverley uranium mine ]]> https://www.proactiveinvestors.co.uk/companies/news/134707/core-exploration-uncovers-new-targets-at-fitton-near-operating-beverley-uranium-mine--32226.html Core Exploration (ASX: CXO) has identified a number of new targets at its wholly owned Fitton Project which show a similar magnetic signature to the promising Scott Lee prospect, where assays of up to 10.5% copper and 0.34% uranium have previously been returned from surface sampling.

The Fitton Project in South Australia is strategically located 25 kilometres north of Heathgate Resources’ Beverley uranium mine, Australia’s first operating in situ recovery mine.

A ground magnetics survey over the project has returned a number of samples containing highly anomalous uranium above 100 parts per million across a strike length of over 800 metres.

A number of samples from the same shear zone have also graded above 1% copper over a strike length of 150 metres.

Following the positive results, Core extended the ground magnetics survey to cover a larger area of the prospective basement of the Fitton tenement.

The magnetic survey highlighted a very good correlation between observed shear related copper mineralisation at surface at the Scott Lee Prospect and east to west trending magnetic anomalies in the gridded data.

The survey also found a further two magnetic linear anomalies to the south of the Scott Lee prospect, while the broader survey has identified a much larger magnetic anomaly 2 kilometres southwest of the prospect. 


Major uranium province

Other major uranium mines and large deposits in the region include Alliance Resources’ (ASX: AGS) and Quasar Resources’ Four Mile Uranium Project, which hosts an Indicated and Inferred JORC Resource of 9.8 million tonnes at 0.33% for 71 million pounds of uranium.

Core’s Fitton Project lies just 25 kilometres from operating uranium plant producing and exporting yellowcake in a proven world class uranium mining district, which also hosts the Mt Gee deposit.

Fitton has been shown to host high grade copper and uranium at surface, enhancing the economic prospects of the project.


Exploration plan

Core has already begun follow-up mapping, sampling and additional magnetic surveys of the highly prospective magnetic targets to confirm whether these new zones are mineralised.

Initial results of this work are expected later in August. The company’s first drill program at Fitton is planned for later in 2012.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Fri, 10 Aug 2012 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134707/core-exploration-uncovers-new-targets-at-fitton-near-operating-beverley-uranium-mine--32226.html
<![CDATA[News - Core Exploration secures key Roxby Downs exploration licence near Olympic Dam ]]> https://www.proactiveinvestors.co.uk/companies/news/134706/core-exploration-secures-key-roxby-downs-exploration-licence-near-olympic-dam-30541.html Core Exploration (ASX: CXO) now holds 400 square kilometres of granted, wholly owned tenements near BHP Billiton’s (ASX: BHP) Olympic Dam with the granting of a key Roxby Downs exploration licence.

Importantly, this is a major step forward for the company as it is now able to advance the Roxby South project and begin discussions with potential joint venture partners.

The Roxby South project is one of the few remaining projects covering the highly prospective geology between BHP’s Olympic Dam mine and OZ Minerals’ (ASX: OZL) Carrapateena project not currently held in partnership with a major mining company.

Given the high level of corporate activity and the size of the players in the region, Core’s Roxby South project is likely to attract a number of companies interested in joint ventures or acquisitions.

The Roxby South project is located around 40 kilometres south of the Olympic Dam copper-gold-uranium mine and within kilometres of known IOCGU mineralisation at the Wirrda Well, Acropolis and Horse Well prospects.

Core’s geophysical modelling and review of previous exploration has identified high priority drill targets, which require further definition and drill testing.

Drill targets on the highly prospective northern section of the Roxby Downs exploration licence include targets covering part of the same gravity feature as BHP’s Olympic Dam mine and Acropolis prospect.

Copper sulphide bearing breccias have been drilled within 3 kilometres of one of the drill targets on the southern tenement.


Cash-backed

Core is trading around cash backing with a market cap. of just $3 million and cash reserves at the end of the March quarter of $3.1 million.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 26 Jun 2012 15:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134706/core-exploration-secures-key-roxby-downs-exploration-licence-near-olympic-dam-30541.html
<![CDATA[News - Core Exploration starts diamond drilling at Yorke Peninsula project ]]> https://www.proactiveinvestors.co.uk/companies/news/134705/core-exploration-starts-diamond-drilling-at-yorke-peninsula-project-25238.html Core Exploration (ASX:COX) has started diamond drilling at its wholly owned Yorke Peninsula project that it believes will firm up a major new minerals project.

Two rigs will drill the 2000 to 2500 metre program with each hole being drilled to more than 100 metres into the basement targets rocks.

This will follow up on anomalous drill results and drill targets not tested by the shallow air-core drilling.

Core said the six drill targets coincide with the 12 kilometre long Palace structural zone and the sizeable gravity features have an inconsistent magnetic character that are interpreted to be structurally controlled, dense iron oxide copper gold with fluctuating magnetite and hematite content.

The drilling will take about one month to complete with first assay results expected in April.

The company had in October 2011 received A$50,000 funding from South Australia’s Plan for Accelerating Exploration initiative that covered the cost of implementing airborne electromagnetic exploration.

Core held A$3.4 million cash at the end of 2011.

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Mon, 13 Feb 2012 16:24:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134705/core-exploration-starts-diamond-drilling-at-yorke-peninsula-project-25238.html
<![CDATA[News - Core Exploration finds more uranium and copper at Fitton Project ]]> https://www.proactiveinvestors.co.uk/companies/news/134704/core-exploration-finds-more-uranium-and-copper-at-fitton-project-24112.html Core Exploration (ASX: CXO) has identified a new shear zone which sampled 121 parts per million (ppm) uranium at the Fitton Project in South Australia.

Recent rock chip sampling on the new shear has substantially widened the potential zone of mineralisation and related shearing at Fitton.

Sampling returned 121ppm uranium along with 16ppm copper, 200 metres north of the main uranium-copper mineralised main shear zone.

The results of rock chip sampling at Fitton correlate well with soil surveys, which showed elevated uranium and copper extending over 1,500 metres long and 1,000 metres wide.

This indicates potential for further mineralisation to the northeast and southwest of the main shear zone.

Infill rock chip and soil surveys will begin in March.

Drilling of high priority targets identified by these surveys is planned for the June quarter of 2012.

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Fri, 13 Jan 2012 12:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134704/core-exploration-finds-more-uranium-and-copper-at-fitton-project-24112.html
<![CDATA[News - Core Exploration extends copper and uranium target at Fitton Project ]]> https://www.proactiveinvestors.co.uk/companies/news/134703/core-exploration-extends-copper-and-uranium-target-at-fitton-project--22796.html Core Exploration (ASX: CXO) has extended the area of copper and uranium anomalism to over 1,500 metres at its 100% owned Fitton Project, after returning results from recent soil surveys and geological mapping.

New areas of anomalism have been identified in addition to the previous high levels of copper and uranium found in surface rock chips, from a shear zone, collected as part of Core’s first exploration program at the project in northern South Australia.

Previous rock chip samples returned assays to 10.5% copper and 624 parts per million (ppm) uranium within a zone of shearing.

Results from the rock chip and mapping survey which was also conducted in November in the same area are expected within the next two weeks.

The company is planning  to commence infill soil and rock chip surveys in January ahead of drilling of priority targets in the second quarter of 2012.

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Wed, 30 Nov 2011 15:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134703/core-exploration-extends-copper-and-uranium-target-at-fitton-project--22796.html
<![CDATA[News - Core Exploration follows up 10.5% copper rock chip with sampling and surveying ]]> https://www.proactiveinvestors.co.uk/companies/news/134702/core-exploration-follows-up-105-copper-rock-chip-with-sampling-and-surveying-21869.html Core Exploration (ASX: CXO) is following up on rock chip assays of 10.5% copper and 624 parts per million uranium with a soil sampling and rock chip and mapping survey program on the Fitton Project.

These assays came from surface rock chips sourced from a shear zone that varies in width from a few metres up to 25 metres, mapped to a strike length of more than 650 metres.

Core is undertaking more detailed mapping and sampling to explore the surrounding area for additional related and potentially mineralised shear zones.

The Fitton Project, located in northern South Australia, covers 106 square kilometres adjacent to the Mt Painter Inlier, a region known for multi-metallic breccia complexes and large-scale secondary uranium occurrences.

The northern part of the project area covers areas of Radium Creek Metamorphics and other prospective host rocks within the Mt Painter Inlier.

Other mines and large deposits in the region include Alliance Resources’ Four Mile Uranium Project, with a resource of 61 million pounds at 0.35% uranium, and Marathon Resources’ Mt Gee Project, with 68 million pounds at 0.06% uranium.

Exploration work at Fitton is being conducted under a Work Area Clearance Agreement with local Native Title Holders, the Adnyamathanha Traditional Lands Association.

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Thu, 10 Nov 2011 12:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134702/core-exploration-follows-up-105-copper-rock-chip-with-sampling-and-surveying-21869.html
<![CDATA[News - Core Exploration hits elevated copper and silver in initial drilling at Yorke Peninsula ]]> https://www.proactiveinvestors.co.uk/companies/news/134701/core-exploration-hits-elevated-copper-and-silver-in-initial-drilling-at-yorke-peninsula-20710.html Core Exploration (ASX: CXO) has intersected anomalous copper and high levels of silver from its first air-core drilling program on the Yorke Peninsula project in South Australia.

The drill results from two separate prospects have provided the company with valuable data for the ongoing minerals search.

Results include anomalous elements including copper 182 parts per million(ppm), gold (0.02 g/t), silver (6.7 g/t), barium (1.45%), bismuth (30.7 ppm), molybdenum (412 ppm), lead (332 ppm) and strontium (1569 ppm).

A number of the rare earth elements were also elevated. Anomalous elements such as these are often associated with IOCG and/or metasomatite/skarn mineralisation.

Six semi coincident gravity and magnetic targets were subjected to the first-pass aircore drilling in August.

These large-scale gravity and magnetic drill targets are hosted in an analogous geological setting to Rex Minerals’ (ASX: RXM) Hillside Project (Inferred and Indicated Resource of 217Mt at 0.7% copper and 0.2g/t gold)) on the adjacent tenement.

Core has scheduled a follow-up drilling program to commence as soon as the cropping season is completed, expected in January 2012, aiming to follow up the anomalous results and to drill the targets not tested fully by the shallow air-core drilling.

Core is also planning an airborne electromagnetic survey to directly target mineralisation within the Palace target zone as defined by the gravity and magnetics.

The Yorke Peninsula Copper Project covers 243 square kilometres of the Olympic Dam world class copper‐gold‐uranium province of the Gawler Craton.

Core was admitted to the ASX after a successful IPO offered 25 million shares at $0.20 to raise $5 million on February 10, 2011.

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Thu, 13 Oct 2011 15:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/134701/core-exploration-hits-elevated-copper-and-silver-in-initial-drilling-at-yorke-peninsula-20710.html
<![CDATA[News - Core Exploration survey identifies high priority IOCG targets on Yorke Peninsula Project ]]> https://www.proactiveinvestors.co.uk/companies/news/134700/core-exploration-survey-identifies-high-priority-iocg-targets-on-yorke-peninsula-project-14564.html Core Exploration (ASX: CXO) has identified a number of high‐priority, potential drill targets from a detailed magnetic survey on the Yorke Peninsula Project in South Australia.

The targets are in a comparable geological setting to Rex Minerals (ASX: RHM) Hillside Project which has an Inferred Resource of 170 million tonnes (Mt) at 0.7% Copper on the adjacent tenement.

Core will commence surface geochemical and gravity geophysical surveys in the next few weeks to prepare for drilling in May‐June 2011.

The Yorke Peninsula Copper Project (EL 4177) covers 243km2 of the Olympic Dam world class copper‐gold‐uranium province of the Gawler Craton.

Core was admitted to the ASX after a successful IPO offered 25 million shares at $0.20 to raise $5 million on February 10.

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Thu, 10 Mar 2011 11:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134700/core-exploration-survey-identifies-high-priority-iocg-targets-on-yorke-peninsula-project-14564.html
<![CDATA[News - Core Exploration targeting copper and uranium, admitted to the ASX ]]> https://www.proactiveinvestors.co.uk/companies/news/134699/core-exploration-targeting-copper-and-uranium-admitted-to-the-asx-13835.html Core Exploration (ASX: CXO) has been admitted to the ASX after a successful IPO offered 25 million shares at $0.20 to raise $5 million.

The company is targeting copper in South Australia and will focus on the company’s flagship Yorke Peninsula project, which Core said is prospective for copper and gold based on exploration targets previously identified.

Core is also developing an extensive uranium exploration project portfolio in South Australia, a jurisdiction with two operating uranium mines, a further two mines due to commence production and also hosts to the world’s largest uranium deposit at Olympic Dam.

Core will start trading on the ASX at 11:30am EDST on Friday 11 February, with around 27.6 million shares on issue.

 

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Thu, 10 Feb 2011 16:16:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/134699/core-exploration-targeting-copper-and-uranium-admitted-to-the-asx-13835.html