After reviewing historic data, advanced Australian lithium developer Core Lithium (ASX: CXO) has identified several advanced gold prospects at its new Adelaide River gold project, near the Finniss Lithium project in the Northern Territory.
HIGHLIGHTS:
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Gold mineralisation is hosted in gold vein systems similar to those at Kirkland Lake’s nearby Cosmo gold mine
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High-grade nickel and cobalt potential also reported from Core’s project area.
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Core’s project has received only limited exploration to date
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New project only 25km south of Finniss Lithium Project
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Core remains focussed on the development of the Finniss Lithium Project, however this new project presents an opportunity for the Core exploration team and NT experience to add value for shareholders
Core Lithium Ltd (Core or Company) (ASX: CXO), is pleased to announce that bona fide gold and base metal prospectivity has been identified during a review of historic data and company reports for the Company’s new Adelaide River Project in the Pine Creek Orogen of the Northern Territory.
The Adelaide River Gold Project, comprising exploration licence application EL31886, is located 25km south east of Core’s flag-ship Finniss Lithium Project near Darwin and leverages Core’s local exploration capabilities.
Very high-grade gold has been identified historically within Core’s new Adelaide River Gold Project, including:
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Possum Prospect Rockchips up to 170g/t Au
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Happy Valley Prospect: Rockchips up to 16.4 g/t Au
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Arum Prospect Rockchips up to 8.4 g/t Au
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Croc Pate Prospect Rockchips up to 11.3 g/t Au
