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.
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