Core Energy Minerals (ASX:CR3) has been granted a tenement application named the Brooker Project, which lies contiguous to the Cummins Uranium Project in South Australia.
The Brooker Project, covering 517km2, sits northeast of Cummins and shows evidence of numerous uraniferous granite source rocks and uranium occurrences.
As a result of this granted licence, Core Energy’s South Australian tenement portfolio now consists of 2,827km2 of tenements within the Eyre Peninsula and 1,7500km2 within the central Gawler Craton.
Executive Director Tony Greenaway says this new area contains the interpreted extension of palaeochannel fluid pathways that have been shown through historic drilling on the project area to contain uranium mineralisation.
“We have submitted all of the necessary regulatory approvals to undertake the planned drilling campaign, with the aim of testing the compelling targets identified in the historic datasets,” Greenaway says.
Core Energy has planned an aircore drilling program, comprising 50 holes for 3,000m, to test the high-priority target areas, including compelling shallow targets identified in the historical data. The targets include coincident analytical and geophysical anomalies.
Greenaway notes that the permitting applications submitted covers numerous additional holes which will enable the company to conduct rapid follow-up drilling.
The Cummins Project is located in the Eyre Peninsula — which is one of the highest radiometric regions of South Australia and hosts numerous known uranium occurrences and uranium deposits.
Core Energy Minerals is a mineral explorer focused on its uranium asset portfolio in tier one mining jurisdictions.
Write to Aaliyah Rogan at Mining.com.au
Images: Core Energy Minerals
