Annual Technical Report EL 28136 Blueys Year 3 2013 to 2014, 16 February 2013 to 15 February 2014

Abstract

Office work undertaken during Year 3 included a reinterpretation of the greater Arunta Regions Iron Oxide copper gold (IOCG) potential. It was the regions IOCG potential that lead to Core Exploration joint venturing into a large package of tenements that included Blueys EL 28136. Core Exploration's work within EL 28136 in its first year of the joint venture with Gempart (NT) Pty Ltd and Bralich Holdings Pty Ltd consisted of rock chip sampling, gridded soil sampling and an Induced Polarisation (IP) survey. Core has identified a new prospect called Inkheart in addition to the Blueys Prospect within EL 28136. The Blueys Prospects is a Ag-Pb-Zn-Cu-Sb target generated from soil samples, rock chip samples and historical shallow drilling intercepts, whilst the Inkheart Prospect is a Ag-Pb-Cu prospect defined from soil data.