EL 28029 Blueys Folley Partial relinquishment report for the period 30 November 2014 to 29 November 2015

Abstract

The relinquished areas of EL 28029 were selected as areas outside of the Blueys Folly REE anomaly and outside areas of Heavitree Quartzite and Bitter Springs Formations that the company considers might be prospective for Inkheart-style base metal mineralization. Proterozoic Aileron Province Basement dominates the geology of the relinquished area. The relinquished area is partially coincident with precipitous topographic relief that restricts access for exploration activities. Core Exploration has not undertaken any work on the areas selected for relinquishment.