The first drill results are finally in for Core Assets’ (CSE: CC) drill program conducted in 2022. A total of fifteen holes were drilled under the 2022 exploration program at the firms Silver Lime Porphyry-CRD project, found at the Blue Property in northwest British Columbia.
Core Assets released assays for a total of four drill holes, with the drilling having focused on the Jackie CRD target. Carbonate replacement mineralization is said to have been encountered near surface and to depths exceeding 200 metres. Highlights from the results include:
- SLM22-001: 21.65 metres of 23 g/t silver, 1.0% zinc, 1.2% lead and 0.08% copper
- including 1.25 metres of 215 g/t silver, 9.9% zinc, 8.9% lead, and 0.36% copper
- SLM22-002: 5.37 metres of 51 g/t silver, 4.0% zinc, 1.1% lead and 0.19% copper
- including 1.47 metres of 140 g/t silver, 6.3% zinc, 3.3% lead and 0.10% copper
- SLM22-004: 7.90 metres of 46.7 g/t silver, 0.4% zinc, 0.7% lead and 0.19% copper
“We have successfully tested the depth extent and mineralization potential of numerous mineralized structures or ‘spokes’ exposed at surface. With a single drill pad, we have demonstrated that there is a high quantity of metal-rich, carbonate replacement mineralization in the subsurface. We are now confident that we can target these host structures down dip, in hopes of intersecting thicker, and continuous massive sulphide feeders in follow-up drill programs,” commented CEO Nick Rodway.
WATCH: Core Assets: Ultra High Grade Drill Results – With Nick Rodway
Rodway also indicated that initial results have been received from drilling conducted at the Sulphide City and Grizzly targets, the results of which are slated to be released in the coming weeks once the data is compiled. The remaining holes represent 4,266 metres of drilling.
An oriented core protocol is being developed and drill targeting is said to be currently underway for the 2023 exploration program.
Core Assets last traded at $0.245 on the CSE.
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