RSS SubscribeJuly 19, 2022
Vancouver July 19, 2022 – Core Assets Corp., (“Core Assets” or the “Company”) (CSE:CC) (FSE:5RJ) (OTC.QB:CCOOF) is pleased to announce the completion of 1,299 metres of HQ-sized diamond drilling at the Jackie Ag-Pb-Zn-Cu Carbonate Replacement (CRD) Target, part of the Silver Lime Project (“Silver Lime”), central Blue Property (“Property”); Atlin Mining District of NW British Columbia.
Highlights
• 1,299 metres of HQ-sized diamond drilling over four holes has been completed at the Jackie Ag-Pb-Zn-Cu CRD Target.
• All four diamond drill holes were collared at the same location and intersected:
o Multiple near surface intervals of replacement style massive to semi-massive sphalerite (Zn)-pyrrhotite-pyrite±galena (Pb-Ag)-chalcopyrite (Cu) hosted in limestone and metasedimentary lithologies at depths of up to 284 metres (Figures 1, 2).
o Disseminated, patchy, and metre-scale quartz and carbonate vein-hosted sphalerite (Zn)-pyrrhotite-pyrite±galena (Pb-Ag)-chalcopyrite (Cu) in intercalated limestone, mica-schist, and metasediments.
o Amphibolite, intermediate intrusive, and felsic dykes were locally observed in drill core and contain the above base metal sulphide assemblage.
• Drilling has successfully confirmed massive to semi-massive replacement style sulphide mineralization at the Jackie Ag-Pb-Zn-Cu Carbonate Replacement Target that remains open in multiple directions and at depth.
• Drill crews have now mobilized to the Sulphide City Target and assay results from first two drill holes completed at the Laverdiere Project in 2022 are expected to be reported in late July.
*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.