Core confirms large copper field northeast of Alice Springs

LETTER TO THE EDITOR
 
Sir – Core Exploration Ltd  has confirmed an exciting large copper mineral field 100 km north east of Alice Springs.
 
Rock chips assays of up to 14.3% copper and 72.3 grams per tonne gold have been sampled historically and Core now plans to utilise geophysical surveys for the first time over the area in the coming September quarter, to pinpoint high priority drill targets.
 
Core believes that the structurally controlled setting for the Copper King and Copper Queen prospects, where 600m of visible malachite along a structure has been identified, is an ideal fit for Core’s IOCG model of the Aileron Province.
 
Whilst first pass historic RAB drilling identified thin intervals of copper mineralisation, there is little evidence that geophysics was utilised in drill targeting. Core believes that any broader mineralisation within structures at depth could be identified through geophysics as demonstrated by recent copper exploration successes in the region (e.g. Kidman Resources (KDR) – Home of Bullion).
 
Core intends to undertake detailed geophysics over known areas of mineralisation to identify potentially larger mineral bodies at depth. Any substantial geophysical anomalies identified would constitute priority drill targets.
 
The Company is expecting to commence field exploration on this tenement once it is granted during the next quarter.
 
Stephen Biggins
Managing Director
Core Exploration Ltd