A projectile core is provided formed from a carrier and a colorant. The carrier and colorant are mixed into a core mixture, which is formed into a predetermined core shape. The core mixture is cured until substantially firm, such as by drying, heating or freezing. An outer layer may be formed adjacent the surface of the projectile core by heating. An outer coating may also be applied to the projectile core. A method of forming a projectile core comprises: (a) mixing a carrier and a colorant to form a core mixture; (b) forming the core mixture into a predetermined core shape; and, (c) curing the core mixture until a substantially firm projectile core is formed.