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Core Energy Minerals Ltd (ASX: CR3) has received all necessary statutory approvals to commence its maiden aircore drilling campaign at the 100%-owned Cummins Uranium Project in South Australia. With final preparations underway, including stakeholder consultations and logistics, drilling is expected to begin soon. The campaign will target high-priority zones identified through historic exploration, focusing on a large paleochannel system with known uranium anomalies stretching over 10km.
The initial program will consist of 50 holes, with the potential to extend to 120 under the approved permit. Located in a Tier-1 uranium jurisdiction, the Cummins Project shows strong geological indicators of roll-front uranium deposits, a model supported by historic gamma anomalies and redox boundary conditions. Core Energy aims to verify past findings and uncover high-grade mineralisation, enhancing shareholder value through strategic exploration in both Australia and Brazil.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
