PROACTIVE
28th Sept 2017

Core Exploration confirms lithium potential at the Barrow Creek project

The company's exploration highlighted a new large prospect area.

The company has initiated a heritage clearance

Core Exploration Ltd (ASX:CXO) has confirmed the potential for lithium-caesium-tantalum mineralisation following soil and rock chip sampling at its Barrow Creek project in the Northern Territory.

Barrow Creek has a long history of tin and tantalum production, similar to the company’s Finniss Lithium Project.

The regional-spaced soil samples of over 2,000 samples collected indicates a substantially larger footprint of lithium anomalism than depicted by historic pegmatite workings.

Core’s baseline exploration highlighted a new large prospect area called Tesla, where elevated lithium in soils form a five kilometre long trend highlighting previously unmapped pegmatites.

At the Ringing Rocks prospect, a distinct lithium-in-soils anomaly is coincident with the outcrop position of two large pegmatite bodies with surface rock chips assaying up to 0.6% lithium.

On a local scale, rock chips and detailed mapping have confirmed the lithium potential of a number of historic prospects, including Jump Up, Ballace’s Claim 1 & 2 and a few others.

Core has the opportunity to commence drilling at the Barrow Creek Project in February-March 2018 once the current field season is completed at the Finniss Lithium Project.

With this in mind, the company has initiated a heritage clearance with the Aboriginal Areas Protection Authority to enable ground disturbing works at a number of the key prospects

The company’s shares were last trading circa 6% higher intra-day, at $0.056.
---------------------------------------------------------------------------------------------------------------
Obviously, future exploration, this location BARROW CREEK may one day become Core's no 2 export location.
---------------------------------------------------------------------------------------------------------------
AND from other sites on the CORE HOME PAGE

OTHER PROJECTS

ANNINGIE AND BARROW CREEK LITHIUM PROJECTS

During the June 2018 quarter, Core acquired a 100% interest and conducted reconnaissance evaluation of granted Exploration Licence 31058 comprising 574km2 in the Barrow Creek Pegmatite Field in the NT.

Barrow Creek is an early-stage look-alike to Core’s high-grade discoveries at the Finniss Lithium Project with a long history of tin and tantalum production around Barrow Creek, similar to Core’s Finniss Lithium Project (and Greenbushes).

Core believes there is an excellent fit between the lithium potential of Barrow Creek Pegmatite Field, direct rail link to Darwin Port and Core’s objectives to make Darwin and Core’s Finniss Lithium Project near Darwin a central processing and global transport hub forNT lithium and spodumene production as forecast lithium demand keeps growing

PROJECT SUMMARY

Core’s Anningie and Barrow Creek (ABC) Lithium Projects now encompass five exploration licences covering approximately over 2,500 square kilometres in and around the Anningie and Barrow Creek Tin Tantalum Pegmatite fields in the north Arunta Region of the NT, which are considered highly prospective for lithium.

In December 2019, the Company announced that it had acquired the Walanbana and Soldiers Creek projects, adjacent to the ABC project, from Todd River Resources.

Reconnaissance mapping and soil geochemical surveys on EL31058 during the reporting period included 2,150 regional-spaced soils samples and mapping by Core’s geologists.

Historical pegmatite prospects and mine areas subject to field reconnaissance and soil sampling included Ringing Rocks, Jump Up, Ballace’s Claim1 & 2, Tabby Cat, Hugo Jack’s, Boyce’s Corner, Johannson’s, Jody’s, Slippery and Krakatoa. Many other pegmatite occurrences were also opportunistically investigated during the course of reconnoitring and navigating. The soils program aimed to test historically mined or prospected pegmatite fields and geological settings considered prospective for Lithium-Caesium-Tantalum (L-C-T) Type pegmatite.

Soil sample grids generally utilised 200X400m or 400X400m spacing to establish regional coverage without sacrificing resolution. Two historical prospects (Tabby Cat and Jump Up) with lithium associations established by previous workers were subject to more detailed 50X100m spaced grids.
-------------------------------------------------------------------------------------------
CORE also lists 6 other locations in central Australia, indicating future potential exploration, discoveries, and development.
--------------------------------------------------------------------------------------------
WHAT is missing?
DRILLING RESULTS - expect a huge increase in RESOURCE numbers. I am sure the numbers have been floating around now in the CORE's files by now.
Any day now I think!