CXO 1.82% 5.6¢ core lithium ltd

News: Core Exploration, CSIRO to accelerate exploration targeting in Northern Territory

  1. Core Exploration (ASX:CXO) has entered into a Federal Government co-funded research agreement with CSIRO to accelerate exploration targeting of mineral systems within the Jervois Domain and Albarta Projects in the east Arunta, Northern Territory.

    CSIRO will investigate the application of an integrated analysis of magnetics and airborne electromagnetic to aid exploration targeting.

    The project seeks to enhance the prospectivity of Core Exploration’s tenement holding, by providing processed and interpreted geophysical data.

    This will allow follow-up exploration and drilling can be prioritised and executed.       

    Phase 1 of the research will be undertaken at the brownfields scale, targeted at defining potential extension of the known Jervois base‐metal mineral system in adjacent undercover areas. This includes:

    - Analysis of VTEM SuperMax AEM data, acquired by Geotech Ltd, involving application of fast approximate transforms, full non‐linear inversion, and parametric modelling of the amplitude data to identify potentially mineralised targets; and
    - Petrophysical analyses (Susceptibility, Remanence and AMS) to constrain modelling targeted toward identifying the most prospective sites for mineralisation.

    Phase 2 will be undertaken at a regional scale over a large area aimed at prospect refinement activity targeting IOCG, Cu‐VMS/sedex and other mineral systems, across Core’s tenements.

    This will be underpinned by prior knowledge from previous studies, and ongoing studies in the area will be aimed to analyse and prioritise a large number of discreet anomalies, determine depth to source and likely volume.


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