April 22, 2022
Vancouver, April 22, 2022 – Core Assets Corp., (“Core Assets” or the “Company”) (CSE:CC) (FSE:5RJ) (OTC.QB:CCOOF) is pleased to announce results and interpretations from the 2021 Versatile Time Domain Electromagnetics (VTEM) Geophysical Survey completed at the Laverdiere Fe-Cu-Au Skarn-Porphyry Project (the “Project”), eastern Blue Property (the “Property”), Atlin Mining District of NW British Columbia.
• Core Assets’ 2021 VTEM Geophysical Survey detects an extensive (5km x 4.2km) magnetic and corresponding resistivity high, coinciding with a causative, potassically-altered and Cu-Mo-bearing granodiorite located adjacent to the Fe-Cu-Au Skarn Target (Figures 1-3).
• A large-scale and untested conductivity anomaly is coincident with the Llewellyn Fault Zone (LFZ), traceable along the entire length of Hoboe Creek (Figure 2).
• Strongest conductivity highs residing along the LFZ persist to depths of up to 500m (Figure 2).
• Cu and Au values in surficial rock samples collected from the Laverdiere Project, as well as the Cu content reported from historic drilling, show increases in overall grade with increasing proximity toward the North LFZ Conductivity Anomaly and the Llewellyn Fault (Figure 4).
• High-grade Fe-Cu-Au skarn mineralization delineated from prospecting and historic drilling between the South and North adits at Laverdiere is currently traceable for 800m along surface, to 300m at depth, and remains open in all directions.
• The LFZ represents a regional, crustal-scale structure that remains untested by deep diamond drilling at Laverdiere, and is spatially and temporally related to porphyry, skarn, and epithermal-type mineralization along its entire length in NW BC (>170km).
• Interpretations of geophysical data from the Silver Lime Skarn-CRD-Porphyry Project is currently underway and details will be presented prior to drill mobilization to high priority targets there.