Core Exploration Limited (ASX: CXO) – $0.028

16 Jun 2015

Core Exploration Limited (ASX: CXO) has identified further zinc and lead mineralisation at its wholly owned Yerelina Zinc Project located in the northern Flinders Ranges of South Australia (Figure 1).


CXO Yerelina Zn

Figure 1. Location of the Yerelina Zinc Project



The new Grace Shear was discovered 600 metres west of the 10 metre wide gossan identified at the Big Hill Shear Zone also located within the Yerelina Zinc Project.


The company’s exploration at Yerelina has identified anomalous zinc, lead and copper in soil samples west of Big Hill. Follow up rock chip sampling of the anomalous soils revealed up to 14% zinc and lead combined in rock chips.


These new results follow recent representative sampling across the metal rich gossans over a 10 metre width at Big Hill with zinc values of up to 5% zinc at Great Gladstone.


Further rock chip and channel sampling along with regional and infill soil sampling are currently underway at the Yerelina Zinc Project to test extensions and potentially discover additional mineralisation.



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