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Core Lithium (ASX:CXO) - Managing Director, Stephen Biggins - The Market Herald
Managing Director, Stephen Biggins
Source: Australian Bulk Handling Review
  • Core Lithium (CXO) has identified multiple new targets and one new prospect at the Bynoe Gold Project in the Northern Territory
  • The new prospect is named Pickled Parrot and was found after a result of 828 parts per billion gold was identified in a soil sample
  • Core will now collect more rock chip samples from Pickled Parrot as part of the first geological mapping program
  • Re-assay of previous soil samples at the Golden Boulder Prospect have expanded the geochemical halo to more than 400 metres in length and 100 metres in width
  • This work has also confirmed historic surface sampling results which peaked at 15.85g/t gold
  • Re-assay of results has also identified a number of new targets where there was no previous gold assays
  • These lie in the Far East, Piper North, and Westwood prospects
  • Core is steady on the market and shares are currently trading for 4.1 cents each

Core Lithium (CXO) has identified multiple new targets and one new prospect at the Bynoe Gold Project in the Northern Territory.

Pickled Parrot Prospect

The new Pickled Parrot Prospect was found after a result of 828ppb (parts per billion) gold was identified in a soil sample.

Core believes that Pickled Parrot lies within a fertile zone at the northern boundary of the Ringwood pluton.

Further investigation has shown it lies 20 metres east from a prominent set of quartz veins.

Core Lithium will now collect more rock chip samples as part of the first geological mapping program that its underway.

Golden Boulder

Re-assay of previous soil samples at the Golden Boulder Prospect have expanded the geochemical halo to more than 400 metres in length and 100 metres in width.

This work has also confirmed historic surface sampling results which peaked at 15.85g/t gold.

Core has also collected quartz vein rock chips and soil geochemical samples with results expected in the upcoming month.

The company will then undertake further drilling to assess the link between the gold anomalism and quartz veining.

Re-assay of results have also identified a number of new targets where there was no previous gold assays.

This include up to 150ppb gold in soils from Far East, up to 151ppb gold in soils from Piper North, and up to 96ppb gold in soils from Westwood.

These prospects are being investigated and sampled with results to be announced once completed.

Core is steady on the market and shares are trading for 4.1 cents each at 1:55 pm AEST.


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