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.