Slide 1: IOCG exploration in the NT; Yerelina silver-lead-zinc
For personal use only IOCG exploration in the NT Yerelina silver‐lead‐zinc SAREIC, Adelaide 30th April 2013
Slide 2: Disclaimer
Disclaimer For personal use only • This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all‐inclusive or to contain all the information that you or
Slide 3: For personal use only
For personal use only
Slide 4: Albarta Project, NT: Australia's new IOCG copper exploration hot-spot
Albarta Project, NT: Australia’s new IOCG copper exploration hot‐spot For personal use only • Core’s Albarta Project covers a strong position in the eastern Aileron Province • Core has rights to 20 tenements covering over 2,000km2 in new Australian copper IOCG exploration hotspot in the NT • Tenure
Slide 5: Prospectivity Assessment
Prospectivity Assessment For personal use only • Prospectivity of the region well documented by NTGS • Mithril has confirmed potential to the east of Core’s tenements • Assessment by Geoscience Australia confirmed regional potential
Slide 6: GA IOCG Prospectivity Report - Core's Albarta tenements highly prospective for IOCG
GA IOCG Prospectivity Report ‐ Core’s Albarta tenements highly prospective For personal use only for IOCG • The Aileron Province in the NT shares many geological features and similarities with the well‐endowed Gawler Craton and Mt Isa Province • GA’s mineral potential modelling in 2012 for uranium‐r
Slide 7: Core's Prospectivity Assessment
Core’s Prospectivity Assessment For personal use only Mineralisation model being proposed is a structurally controlled IOCG system. Characteristics of Eastern Arunta IOCG Mineralisation • Prospects show a broad spatial correlation with an east‐west trending belt of Yambah‐aged (ca 1770‐1760 Ma) intr
Slide 8: Core's Prospectivity Assessment
Core’s Prospectivity Assessment For personal use only Desirable Geological Characteristics for IOCG Prospectivity • ca 1750 Ma felsic intrusives. • Regionally enhanced magnetic signature. • North‐east trending regional structures. • Evidence of copper, gold and uranium mineralisation in rock chip sa
Slide 9: Core's Prospectivity Assessment: ca 1750 Ma felsic intrusives
Core’s Prospectivity Assessment For personal use only • ca 1750 Ma felsic intrusives.
Slide 10: Prospectivity Assessment: regionally enhanced magnetic character
Prospectivity Assessment For personal use only • Regionally enhanced magnetic character • Strong regional NE structures
Slide 11: Copper rock chips
Copper rock chips For personal use only • Evidence of anomalous copper in rock chips Core Exploration’s tenements overlain on NTGS rock chips, Northern Territory.
Slide 12: Uranium rock chips
Uranium rock chips For personal use only • Evidence of anomalous uranium in rock chips Core Exploration’s tenements overlain on NTGS rock chips, Northern Territory.
Slide 13: Gold rock chips
Gold rock chips For personal use only • Evidence of anomalous gold in rock chips Core Exploration’s tenements overlain on NTGS rock chips, Northern Territory.
Slide 14: Fluorine rock chips
Flourine rock chips For personal use only • Evidence of anomalous flourine in rock chips Core Exploration’s tenements overlain on NTGS rock chips, Northern Territory.
Slide 15: Regional Gravity
Regional Gravity For personal use only Core Exploration’s tenements overlain on NTGS regional gravity, Northern Territory.
Slide 16: Strong IOCG Potential
Strong IOCG Potential For personal use only Desirable Geological Characteristics for IOCG Prospectivity • ca 1750 Ma felsic intrusives. • Regionally enhanced magnetic signature. • North‐east trending regional structures. • Evidence of copper, gold and uranium mineralisation in rock chip samp
Slide 17: Current Exploration
Current Exploration For personal use only • Evaluating known prospects for copper and IOCG potential • Planning infill regional magnetics • Planning infill regional gravity • Undertaking soil sampling • “Boots on ground” mapping and rock chip sampling
Slide 18: Bluey's Prospect
Bluey’s Prospect For personal use only • Very high grades of 2.2kg/t (2,200g/t) silver and 10% copper at surface • Intensely altered, granitic textured host rock with secondary copper mineral veins containing malachite and azurite • Mineralisation occurs in basement in brecciated and carbonate‐silic
Slide 19: Bluey's Prospect
Bluey’s Prospect For personal use only Examples of malachite and azurite mineralisation in Malachite mineralisation in silicified, brecciated granite silicified, brecciated granite
Slide 20: Paradise Well Prospect
Paradise Well Prospect For personal use only • 1.6% copper detected at surface by Core at new Paradise Well prospect • New copper occurrence 2km away from previous 3.8% copper sample • Magnetite association with copper may have IOCG affinities • Soil sampling underway, mapping commencing shortly Mag
Slide 21: For personal use only
For personal use only
Slide 22: Yerelina - ?MVT Mineralisation
Yerelina – ?MVT Mineralisation For personal use only • Up to 567 g/t silver and 15.11 % combined lead and zinc assays from sampling of old workings and newly discovered gossans on EL 5015 in S.A. • Four historical workings, operated in the late 19th and early 20th century • These old workings are lo
Slide 23: Yerelina - ?MVT Mineralisation
Yerelina – ?MVT Mineralisation For personal use only • High grade mineralisation identified in at least 5 individual structures to date.
Slide 24: Yerelina - ?MVT Mineralisation
Yerelina – ?MVT Mineralisation For personal use only • Occurs in core of an east‐ west trending synform • Within discrete north‐south trending fault zones within fault fill breccia. • Host is dolomitic Tapley Hill Formation (Nepouie subgroup) • The geological setting combined with metal assemblage s
Slide 25: Yerelina - ?MVT Mineralisation
Yerelina – ?MVT Mineralisation For personal use only • Large scale system implies potential for large deposits • MVT deposits generally occur in groups or “camps” • Prefer dolomitic host rocks with karstic replacement • Metal assemblage appears to be high in silver • Are we seeing the roots First pa
Slide 26: Yerelina - ?MVT Mineralisation
Yerelina – ?MVT Mineralisation For personal use only Gossanous fault fill breccia/mineralisation Historical workings along fault Gossan outcrop at Big Hill
Slide 27: Summary
Summary For personal use only • Core’s Albarta Project is a valuable position in new Australian copper IOCG exploration hotspot in the NT : – Core has rights to 20 tenements covering over 2,000km2 in a new IOCG terrain – Multiple occurrences of copper mineralisation at surface a strong indicator of
Slide 28: Competent Person statement
For personal use only The information in this report has been compiled Michael Schwarz as Exploration Director of Core Exploration Ltd and who is a member of the Australasian Institute of Geoscientists and is bound by and follows the Institute’s codes and recommended practices. As a Competent Person