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.
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