A review of historic regional stream sediment sampling undertaken in the 1960’s highlights a coincident zinc and lead anomaly at Yerelina including at the Great Gladstone and Big Hill prospects.

The elevated zinc and lead geochemical anomaly is defined within surface drainages over an area in excess of 30 square kilometres.

Core Exploration managing director Stephen Biggins said: "We are very excited by the results of our latest analysis which have identified highly anomalous zinc and lead over an extremely large area of 30 km. The presence of old workings, a large area of highly anomalous zinc and lead and the results of detailed magnetic surveys is potentially indicative of a substantial mineralising event."

Core’s surface mapping, detailed magnetic surveys and remote sensing imagery also show clear evidence of numerous historical workings and outcropping mineralisation that can be mapped over hundreds to thousands of metres in repetitious gossanous vein sets within this 8km wide anomaly.

Core has embarked on a soil sampling program targeting zinc and lead anomalism over the entire area highlighted by the historic stream geochemical anomaly. Early reconnaissance soil surveys by Core have already identified additional high grade mineralisation at surface at the new Grace Prospect.

Core’s Yerelina Zinc Project is highly prospective for shallow zinc mineralisation as evidenced by high grade mineralisation identified to date on at least six separate north-south structures identified by Core and anomalous zinc and lead in stream sediments over this broad area.

Future Work Program

Further soil and rock results are anticipated during July as current field work progresses toward the drilling of these zinc targets.

Core has also been recently awarded a grant as part of the SA Government’s PACE Discovery Drilling 2015 program. The proposed PACE assisted drilling project comprises a total of six angled diamond core holes targeted under the known outcropping mineralisation.

Land access clearances have commenced to fast track the project for drilling as early as possible during Q3 2015.