A correlation measuring tool for an endogenous pulsed neutron source experiment is developed in this work. Paroxysmal pulses generated by a bursts of neutron chains are detected by a 10-kbit embedded shift register with a time resolution of 100 ns. The system is implemented on a single reprogrammable device making it a compact, cost-effective instrument, easily adaptable for any case study. The system was verified experimentally in the Esfahan heavy-water zero power reactor (EHWZPR). The results obtained by the measuring tool are validated by the Feynman-α experiment, and a good agreement is seen within the boundaries of statistical uncertainties. The theory of the methods is briefly initiated in the text. Also, the system structure is described, the experimental results and their uncertainties are discussed, and neutron statistics in EHWZPR is examined experimentally.