Dec 15 (Reuters) - Core Exploration Ltd CXO.AX :
* Joint venture with Chinese government organisation CXO.AX
* Says jv to fund Core to accelerate drilling and exploration at blueys
* Says sole funding $1.4 million on exploration
* Says payment of an additional $50,000 cash to Core
* Says "jilin will then have the option to acquire core's 20% remaining interest for fair market value"
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