Annual technical report EL 29688 Riddoch for the period 19 July 2013 to 18 July 2014

Abstract

During the reporting period Core Exploration completed the following exploration activities within EL 29688; A detailed review of GIS datasets and mineral potential modeling based on the Iron Oxide copper gold (IOCG) mineralisation model; Field reconnaissance and the collection off 343 soil samples, in a 200m by 200m grid and 100m by 100m grid; Geochemical analysis of 343 soil samples for Ag, Cu, Zn and Pb, with Au analysed on a section of samples; an approximately 1.2km long NE bearing coincident Ag and Pb soil anomaly was detected in the northwest corner of the soil sampling grid, over an area of both outcropping Proterozoic basement and alluvial - colluvial overburden; Mapping and ground truthing of the Ag-Pb coincident soil anomaly was completed and 7 rock chip samples were collected and assayed for a large suite of elements. The best rock chip result contained 0.6 percent Pb from an epidote plus hematite-rich calc-silicate. Core believes that further geological mapping, surface rock chip sampling, and infill soil sampling over the broad Ag-Pb soil anomaly is warranted. To date the source of the Ag-Pb anomaly is not determined.