Core Exploration Limited (ASX: CXO) – $0.036

09 Aug 2016

Core Exploration Limited (ASX: CXO) has received all statutory approvals and has appointed a drilling contractor in preparation for its upcoming drilling program at the Finniss Lithium Project located in the Northern Territory (Figure 1).


CXO Finniss Li

Figure 1. Location of the Finniss Lithium Project



The drilling program will consist of 2,000 metres of reverse circulation drilling and will test five priority drill targets. Each of these targets are considered to be high quality, large-scale lithium pegmatites.


The Finniss Lithium Project covers a large portion of the Bynoe Tin-Tantalum-Lithium Pegmatite field. The Bynoe field is a 15-20 kilometre wide belt of more than 90 tin and tantalum prospects and mines that stretch over a distance of 75 kilometres.


The company expects to commence drilling by the end of the month.



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