count down underway

Roxby SA needs a re-drill because WMC’s 1980 drillhole at Heaton Hill prospect on Core’s EL 4906 appears to have been sited approximately 1km east of the main magnetic target based on the analytic signal filtered magnetics.
Core is also in discussions with a number of parties who have expressed interest in this highly prospective and sought-after Tier 1 IOCG terrain.

Albarta NT is what peaked my interest. Surface rock chip samples from Blueys graded up to 4,065 g/t silver (Ag), 5.5% copper (Cu) and 25% lead (Pb) (refer ASX announcement 10/09/2013).

The silver in soil anomaly at the Inkheart Prospect extends over 2,000m with a peak of 19,552ppb Ag. Scope exists to extend the length of the soil anomaly to both the north-east and south-west and thicken the width of the anomaly to the north-west.

The recent infill soil sampling at Blueys has defined the dimensions of approximately 700m x 400m with a peak of ~ 25,000ppb. Blueys includes a sizeable footprint (500m x 250m) greater than 100ppb Ag.

These very high values are spectacular when considering that 100ppb is commonly regarded as anomalous silver in soils.

Induced Polarisation (IP) geophysical surveys during the reporting period have identified highly prospective drill targets at both the Blueys and Inkheart Prospects within the Company’s larger Albarta Project in the Northern Territory. The bulk of the chargeable IP targets appear to be between 75-150m depth and are underlying silver (± copper ± lead) soil anomalism and mineralised rocks at surface. Drilling has never been conducted to these depths at Blueys so these targets are untested.

Also of interest and the reason why I ended up investing coin in CXO are the Copper Royals (Copper Queen & Copper King)and Virginia.

Results from geological mapping and rock chip sampling during the reporting period are expected from Copper King and Virginia ahead of detailed geophysics over known areas of mineralisation to identify potentially larger mineral bodies at depth. There is little evidence that geophysics was utilised previously in drill targeting so substantial geophysical anomalies identified would constitute priority drill targets.