Core Exploration wins PACE Co-funding to drill Yerelina Zinc Project in SA

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The South Australian Government has awarded Core Exploration with $190,000 of co-funding under its PACE Discovery Drilling 2016 program to perform drilling operations at the Yerelina Zinc Project on EL 5015, which covers 1,000km2 area in northern South Australia.

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The successful proposal for drilling at Yerelina was assessed and ranked against criteria by a panel of government and independent representatives with extensive mining industry experience.

The company’s Managing Director Stephen Biggins explained that the PACE assisted drilling project proposed in 2017 comprises seven angled diamond core holes (up to a total of approximately 2,000m).

He said drilling is targeted proximal to know mineralised structures, zinc geochemical anomalies and reef limestones as stratiform targets for mineralisation.

“While we remain focused on our upcoming drilling program at the Finniss lithium Project, we also have a number of other exciting opportunities within our portfolio,” Mr Biggins noted.

“This co-funding from the South Australian government provides Core with a low cost opportunity to progress the exploration of the Yerelina Zinc Project.”