Core Exploration identifies new Albarta drill targets

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) recently completed an Induced Polarisation (IP) geophysical survey, which identified drill targets at both the Blueys and Inkheart prospects within the company’s Albarta project in the Northern Territory.

Core believes these new IP targets combine with high silver in soil and high-grade rock chip results to be a strong indicator of mineralisation at depth.

 

Location of IP lines, all rock chip samples with samples over
100ppm silver highlighted and silver in soil displayed, Blueys and
Inkheart prospects. Source: Company announcement

Core has already commenced processes to enable drilling at Blueys and Inkheart as early as possible in 2014.

“The bulk of the chargeable IP targets appear to be between 75 to 150 metres depth and are underlying silver (± copper ± lead) soil anomalism and mineralised rocks at surface,” Core Exploration said in its ASX announcement.

“Drilling has never been conducted to these depths at Blueys so these targets are untested.

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

Rock chip samples Core took from Blueys graded up to 4,065 grams per tonne silver, 8 per cent copper and 25 per cent Lead.

Core said its recent soil results also defined a high core of silver anomalism at both the Blueys and Inkheart prospects.

Core’s recent soil results also confirmed a strong correlation between lead and copper in soils and the high silver anomalism that characterise Blueys and Inkheart.  

Core indicated it is planning to commence an RC drilling program as early as possible in 2014, subject to having required approvals.

The company has commenced the process of securing land access approvals to enable the drilling program to proceed.

Core is currently undertaking further modelling of the IP data and drilling, which it anticipates will further define the depth, dimension and intensity of the chargeable features of the two prospects.

Email:
info@coreexploration.com.au

Website:
www.coreexploration.com.au