Core Assets Corp (CSE: CC) has released fresh assays from its Silver Lime Porphyry-CRD Project, which is found on its Blue Property in the Atlin Mining District of British Columbia. The latest assays come from a channel sampling program, conducted at a new target on the property.
Channel sampling occurred at Pete’s CRD Target, which is 1.25 kilometres north-northwest of the Grizzly CRD, where last year the company intersected 1.97 metres of 661 g/t silver, 13.2% zinc, 14.0% lead, 0.27% copper, and 0.22 g/t gold in partial drill results.
READ: Core Assets Hits 1,145 g/t Silver Over 1.16 Metres In Partial Assays
The channel sampling this morning returned values of 250 g/t silver, 7.5% zinc, 12.1% lead and 0.33% copper over a span of 8.0 metres at the Pete’s target. Channel sampling was conducted at the target following its discovery last year, when a grab sample returned values of 245 g/t silver, 17.8% lead, 19.6% zinc, and 0.32% copper.
“The Silver Lime Porphyry-CRD Project continues to produce exceptional metal grades along surface and at depth. Pete’s Target is interpreted as numerous chimney-style massive sulphide bodies that are along trend with the Grizzly CRD and Amp targets; and, are located more than a kilometer away from the exposed Sulphide City Porphyry,” commented CEO Nick Rodway.
The Pete’s target is said to consist of high-grade massive sulphide that is in the form of carbonate replacement mineralization, which is hosted in limestone. Such mineralization is said to have been “observed intermittently” for a length of over 300 metres, and is on trend with the Grizzly CRD target and the Amp target.
In terms of the 5,565 metre drill program conducted last year, Core Assets is still waiting on the return of full assay results, including the remainder of the results from holes SLM22-001 and SLM22-011, which were partially reported in October. A total of fifteen holes were conducted under that program.
Core Assets Corp last traded at $0.29 on the CSE.
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