Core Exploration extends uranium mineralisation at Fitton

THE DRILL SERGEANT: Core Exploration (ASX: CXO) insists the company’s wholly-owned Fitton project in South Australia has been enhanced by new assay results from a recent round of rock chip sampling.

The latest results include new surface mineralisation above 1,000 parts per million uranium, 300 metres from the nearest drillhole on the Scott Lee prospect discovery within the Fitton project.

 

Core’s 100 per cent-owned Fitton project. Source: Company announcement

 

“The assay results…from Core’s recently completed program of follow-up rock chips sampled in the area around the Scott Lee discovery have extended the area of known significant uranium mineralisation,” Core Exploration managing director Stephen Biggins said in the company’s announcement to the Australian Securities Exchange.
 
“These new findings open the scope for mineralisation to be not only focussed east-west within mafic schist as drilled at Scott Lee, but also north easterly in shear zones within the surrounding host-rock granites.

“Core is planning to commence drilling in March to test this new area of significant mineralisation and to follow up the high-grade discovery at Scott Lee.”

Core completed detailed infill soil sampling in early February across the Scott Lee and Hamilton prospects to identify new zones of surface mineralisation.

The company expects results from this activity in early March.

Aboriginal Heritage clearances and government approvals for drilling are in process, from which Core expects to soon be able to undertake further drilling around the Scott Lee and Hamilton mineralisation.

Follow-up RC drilling is planned at Scott Lee and the new western extension to Scott Lee and Hamilton during March once land access is approved.