RSS SubscribeJune 17, 2022
Vancouver June 17, 2022 – Core Assets Corp., (“Core Assets” or the “Company”) (CSE:CC) (FSE:5RJ) (OTC.QB:CCOOF) is pleased to announce the completion of two diamond drill holes totalling 671 metres at the Laverdiere Skarn-Porphyry Project (“Laverdiere”), eastern Blue Property (“Property”); Atlin Mining District of NW British Columbia.
Highlights
• The first two drillholes of the 2022 exploration campaign have successfully confirmed massive to semi-massive Fe-Cu skarn mineralization, and extended porphyry-style Cu mineralization to just over 400 metres depth and remains open for exploration.
• To date, 671 metres of HQ-size diamond drilling has been completed at the French Adit area of the Laverdiere Project (Figure 1).
• LAV22-001 was drilled steeply to the east for a 268 metre core depth and intersected:
o Alternating intervals of marble-hosted and locally massive magnetite (Fe)-chalcopyrite (Cu)-dominant skarn – containing up to 10% visual coarse-grained chalcopyrite; and zones of deformed, chlorite altered felsic intrusive that extended from surface to 78 metres depth (Figure 3).
o The Llewellyn Fault Zone (LFZ) was intersected near 180 metres depth in LAV22-001 and consisted of fault-bound, marble, intrusive, and intensely sheared mafic volcanics hosting finely disseminated and locally pervasive magnetite-pyrite-pyrrhotite mineralization that persisted to end of hole (EOH).
• LAV22-002, the deepest drill hole completed on the property to-date, was collared from the same location as LAV22-001 and oriented southwest intersecting:
o Alternating intervals of marble-hosted magnetite (Fe)±chalcopyrite (Cu) skarn, garnet-chalcopyrite endoskarn (>10 % visual chalcopyrite locally), and intensely altered felsic intrusive to 224 meters depth (Figure 3).
o An upper molybdenite (Mo) zone characterized by patchy to finely disseminated molybdenite hosted in chlorite-epidote-garnet±potassium feldspar altered felsic intrusive was intersected at 63 metres depth and was observed intermittently to 189 metres depth (Figure 3).
o A 179 metre interval that remains open at depth of chalcopyrite±bornite porphyry mineralization and potassic alteration from 224 metres to 403 metres (EOH). The porphyry is granodiorite in composition and contains disseminated magnetite and chalcopyrite with locally abundant magnetite-biotite-chlorite-chalcopyrite±bornite veinlets, and minor intervals of quartz-potassium feldspar-biotite±carbonate ±chalcopyrite±magnetite veining (Figure 4).
• *All drill core assays are still pending and until assay results are completed and received, any inference of potential copper, gold, silver, and molybdenum grades from the geological descriptions provided in this release are speculative in nature and based on preliminary visual observations only.