Final report EL 29667 Riddoch Albarta North Project 1 February 2016 to 2 June 2016

Abstract

EL 29667 'Riddoch' is located approximately 85 km northeast of Alice Springs. Access is by the Arltunga Road from the Stuart Highway via The Garden Homestead. Access within the area is by means of station tracks (Figure 1.2). During the reporting period Core Exploration undertook a detailed review of GIS datasets and mineral potential modeling based on iron-oxide copper gold (IOCG) and epigenetic vein hosted gold systems. Core?s exploration activities on EL 29667 has included preliminary soil and rock chip sampling in the northeastern corner of the tenement as part of the companies IOCG targeted exploration within the Aileron Province (Figure 1.1). The companies Greater Paradise Well project extends into the northeastern corner of EL 29667. Two rock chip samples (Appendix 1) and seven soil samples (Appendix 2) have been collected with EL 29667 by Core in the first year and bridging period of the tenement life. Core has continued to assess the exploration potential of EL 29667 with the company believing the tenement is prospective for IOCG mineralization within the Aileron Province. Core believes the tenement is also prospective for vein hosted gold mineralization similar to the neighboring tenements Pattersons Prospect within the Aileron Province, veined gold mineralisation within the Heavitree Quartzite and uranium mineralization within pegmatites within the Aileron Province. In Year 3 it was decided that EL 29667 would be surrendered in whole as Core's focus has changed and this Exploration Licence is of no future value to Core.