Core Assets Corp (CSE: CC) has received the first assay results from drilling conducted at its Silver Lime porphyry-CRD project, found on its Blue Property in northwestern British Columbia. The results come from a drill program that saw a total of 5,565 metres in aggregate drilled on the property.
Assays return consist of select intervals of two holes that were previously indicated to have been sent for rushed analysis, one of which is from the Grizzly CRD target while the other is from the Jackie CRD target. Highlights from the results include:
- SLM22-001: 17.19 metres of 28 g/t silver, 1.2% zinc, 1.4% lead, and 0.10% copper,
- including 1.25 metres of 215 g/t silver, 9.9% zinc, 8.9% lead and 0.36% copper
- SLM22-011: 1.97 metres of 661 g/t silver, 13.2% zinc, 14.0% lead, 0.27% copper and 0.22 g/t gold,
- including 1.16 metres of 1,145 g/t silver, 23.5% zinc, 23.2% lead 0.52% copper and 0.37 g/t gold
The assays come from select zones within the drill core that were sent for rushed assays, which the company will use as grade ranges to guide further drilling and evaluation of over 250 mineralized outcrops within the project area. The two holes were drilled approximately two kilometres apart. In addition, the results indicate that base and precious metal grades improve at depth.
“The greater than 47% combined base and precious metal content of the Grizzly CRD intercept is the highest-grade result recovered from the Silver Lime Project to-date and puts the Silver Lime Project on the map for high-grade CRD projects globally,” said CEO Nick Rodway on the results.
Assays from thirteen more holes, as well as the remaining assays from the two holes reported this morning are currently pending.
Core Assets Corp last traded at $0.35 on the CSE.
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