Core Assets Identifies Two Large Porphyry Targets At Silver Lime Project

FULL DISCLOSURE: This is sponsored content for Core Assets Corp.

Core Assets (CSE: CC) is reporting that it has identified two large deep-seat porphyry targets at the Pete’s-Sulphide City-Gally Trend, a part of its Silver Lime project at the Blue Property in British Columbia.

The deep seated targets were identified following a 3D induced polarization survey conducted over 2.3 square kilometres. The survey covered the Sulphide City skarn-porphyry target, as well as the Pete’s and Gally carbonate replacement targets.

The first porphyry target was identified at Sulphide City, where a highly chargeable and resistive body was identified at depths below current drilling, with the body extending to the east. The anomaly is said to be coincident with mineralized molybdenum and copper, and measures over 1.5 kilometres to the northeast-southwest, and over 500 metres to the east-west. It’s said to extend to depths of over 650 metres, beyond the abilities of the survey.

The anomaly is said to align with drilling that was conducted last year, where hole SLM22-006 intersected 22.25 metres of 0.35% copper equivalent, including 0.67 metres of 2.5% copper equivalent.

“Our new IP geophysical data indicates that the drilling completed at Sulphide City in 2022, which intersected anomalous copper at the bottom of hole SLM22-006, was not deep enough to properly test the core of this large and hot chargeability anomaly below Sulphide City. The shallow CRD drilling completed in 2023, which intersected >1kg/tonne silver values at Pete’s and Gally, were drilled along the margins of several highly conductive and chargeable bodies within the survey area that show continuity along trend and increased thickness to depths of more than 100m,” commented CEO Nick Rodway on the survey results.

A second anomaly exists north of the Pete’s CRD target, which is untested but said to be very chargeable. Overlapping anomalies suggest that the two anomalies may be connected.

Both of the identified anomalies remain open for exploration at depth and in multiple directions, with a follow-up survey and deeper exploratory drilling planned for 2024 in an effort to test the anomalies.

In addition to the two major anomalies, several highly conductive and chargeable linear bodies were identified, that range in length from 320 to 900 metres. These smaller bodies are said to extend from surface to depths of up to 120 metres.

Core Assets last traded at $0.185 on the CSE.

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