Core has built a strong, 100%-owned strategic holding - through joint venture, acquisition and new tenement applications - in Australia’s new exploration province in the NT. Cores tenure is focussed in the most significant zone of IOCG (Iron-Oxide-Copper-Gold) prospectivity defined by Geoscience Australia and covers 2,000km² around the A1 IOCG prospectivity zone of the Aileron province in the Northern Territory, 100km NE of Alice Springs.
Core’s tenements cover a number of significant base and precious metal and uranium mineral occurrences. The Company believes that the existing evidence of mineralisation, along with recently confirmed IOCG alteration in the region and large tenement holding over a substantial strike length of regional structures, makes this exciting exploration project very attractive for investment.
Core’s new Albarta Project covers some 100km of strike length of interpreted prospective regional structures which are thought to control mineralisation.
The Company’s recognition and early move on Albarta leads growing industry and market recognition of this new, outcropping East Arunta terrain.
Initial exploration work and drilling has already identified high grade mineralisation at the Inkheart/Blueys Prospect.