Explorer looks to continue run of exciting high-grade discoveries

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 26 Mar 2013   Posted by admin


DIVERSIFIED explorer Core Exploration has initiated a follow-up drill program on an exceptional uranium discovery at its wholly owned Fitton project in northern South Australia.
The 2500m reverse circulation (RC) drilling program will target down dip and strike extensions of the high-grade uranium mineralisation – including 5m at 0.25 per cent uranium oxide – which were discovered during the company’s maiden drilling program in late 2012 at the Scott Lee prospect within Fitton.
Core stated that program would also follow up on an anomalous uranium intersection at Fitton’s Hamilton prospect and surface mineralisation (1400 parts per million uranium oxide) found recently at the newly discovered
Bruce Lee prospect – 300m west of Scott Lee – in February this year. Assay results will be received progressively through April.
In early March, Core celebrated the surface discovery of high-grade silver and copper at its Blueys Prospect within the Albarta Project in the Northern Territory. Reconnaissance mapping and surface rock-chip sampling had assayed more than 1,500 g/t silver and 9 per cent copper.
The company stated the silver samples had exceeded the limits of standard assay (1,500 g/t), and further specialist tests to measure the silver grades were in progress.
Planning is underway for further rock-chip sampling, mapping and a soil survey at Blueys to prioritise targets for drilling in mid 2013.


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