Partial Relinquishment Report EL 27709 Albarta South Project Paddys Plain 20 May 2016 - 19 May 2017

Abstract

EL 27709 'Paddys Plain' is located approximately 75 km east-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 1.1). Core has assessed the prospectivity of EL 27709 for sedimentary hosted Pb-Zn-Ag within the Amadeus Basin sediments which are extensively mapped within EL 27709. Core is encouraged by the tenements potential to host Pb-Zn-Ag mineralisation with similar characteristics to Core Exploration's Inkheart Prospect discovery on EL 28136. The Inkheart Prospect is a Pb-Zn-Ag within quartz carbonate veining system within Bitter Springs Formation sediments. Core believes that the veining is associated with either a specific permeable lithological unit or with discrete structural zones. Core's investigation of the potential for Pb-Zn-Ag mineralisation within EL 27709 has identified a number of prospective mapping targets. Exploration Licence 27709 forms part of Core's Albarta South Project. The eleven blocks being relinquished are not considered prospective.