Core Assets Corp (CSE: CC) this morning released preliminary data from an ongoing drill program at its Silver Lime Porphyry-CRD project within the Blue Property, which is found in the Atlin Mining Camp of BC. Early indications have reportedly demonstrated that the company has intersected massive and semi massive sulphide carbonate replacement and skarn mineralization.
Preliminary results, which come from the Grizzly Target, are said to consist of the “most visually impressive occurrences” of zinc, silver, lead, and copper bearing massive to semi massive sulphide carbonate replacement that the company has seen yet on the property. All intercepts are believed to be continuous, as well as interconnected at depth. Mineralization has been interpreted as being up to 2 metres thick to depths of 320 metres.
Furthermore, the mineralized zone at Silver Lime is currently measured to be 600 metres by 2,300 metres, with mineralization extending to depths beyond 450 metres. All holes to date have intersected skarn and “chimney-style” massive sulfide carbonate replacement deposit feeders, which is said to be characteristic of some of the “largest porphyry-CRD systems globally.”
Sponsored · Cambria Gold Mines
A total of 6,086 metres have been drilled to date on the property, with drilling to continue into the fall. Drilling in the near term is set to focus on the Sulphide City Target.
READ: Core Assets Corp: Advancing A BC-Based CRD Copper Project
“The Silver Lime Project continues to deliver extremely promising first pass visual drill results. Hole SLM22-011 at the Grizzly Target has produced the best visually looking carbonate replacement massive sulphide intercept to date, indicating that we are close to tapping into the main plumbing of the CRD portion of this robust system,” commented CEO Nick Rodway.
Core Assets Corp last traded at $0.57 on the CSE.
FULL DISCLOSURE: Core Assets Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Core Assets Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
