Core Energy drilling to test for high-grade mineralisation at Cummins uranium project

• Core Energy Minerals starts maiden drilling at its Cummins uranium project in South Australia
• Aircore drilling will follow-up on historical regional drilling that identified a large paleochannel system
• Preliminary program of 50 holes may be extended up to the 120 holes allowed under the approved permit

Special Report: Core Energy Minerals has kicked off maiden aircore drilling to follow up on historical regional drilling at its Cummins project that identified a large paleochannel system with anomalous uranium mineralisation.

Contractor Bostech Drilling Australia, which won the contract due to its “Zero Impact Drilling” approach to minimise negative effects on the environment and local communities, will drill an initial 50 aircore holes totalling about 3000m.

This might be extended to up to 120 holes under the approved permit from the South Australian State Government.

Core Energy Minerals’ (ASX:CR3) drill program is aimed at confirming historically significant intercepts, identifying and understanding the mineralised system, and to provide geochemical vectors towards potential high-grade mineralisation.

“We are excited to be commencing our maiden drill program at our Cummins uranium project in South Australia,” executive director Tony Greenaway said.

“The CR3 exploration team has identified compelling targets, and this drilling campaign will provide valuable data to assess their potential to host significant uranium mineralisation.

“The work our team has done to date has reinforced our exploration model and has given us the confidence to initiate the first drill testing of significant geophysical uranium anomalies where potential remains to make a major discovery.”

Sitting in a Tier 1 district

Cummins sits in the same Tier 1 exploration and mining district in South Australia that hosts world-class operating uranium mines such as Olympic Dam, Honeymoon and Four Mile.

The region also hosts development projects such as Alligator Energy’s (ASX:AGE) Samphire project, where an in-situ recovery field trial is planned to start in the second half of 2025.

This trial will seek to extract uranium from palaeochannels similar in nature to those identified in historical drilling at the Cummins project.

CR3’s drilling will target the prospective paleo-sedimentary horizon within the channels system, which is interpreted to be located about 40-60m below surface.

This article was developed in collaboration with Core Energy Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.