Core Assets Corp. May 1 announced the discovery of a high-grade silver-zinc-lead-copper target in the Silver Lime project area of the company's Blue property in Northern British Columbia.

Situated along the Alaska border in BC's Atlin Mining District, Blue is a 275,890-acre (111,650 hectares) land package covering high-grade skarn and carbonate replacement and porphyry prospects enriched with copper, gold, silver, zinc, and lead.

The two most advanced project areas on the Blue property are Laverdiere, a high-grade iron-copper-gold skarn target in the southeastern area of the land package, and Silver Lime, a carbonate replacement and porphyry prospect area about 15 kilometers (nine miles) to the west.

An extensive first-pass exploration program carried out in 2021 defined a 3,700- by 1,800-meter area of high-grade carbonate replacement and skarn mineralization at Silver Lime within a broad 6.6-kilometer (4.1 miles) mineralized corridor of conductive anomalies that appear to be interconnected at depth by vertical conductive features.

In 2022, prospecting work uncovered the Gally target, a metals-rich carbonate replacement occurrence about 325 meters southeast of the Sulphide City target, the source intrusion related to the CRD and skarn mineralization at Silver Lime.

At the Gally discovery, two massive to semi-massive carbonate replacement zones rich in silver, zinc, lead, and copper are mainly concentrated near the contacts between limestone and an extensive intermediate dyke.

Samples collected from Zone 1, which has been traced for 93 meters along surface, returned grades as high as 446 grams per metric ton silver, 21% zinc, 2.2% lead, and 1.25% copper.

Samples from Zone 2, which has been traced for 50 meters along strike, returned grades as high as 1,115 g/t silver, 17.5% zinc, 6.8% lead, and 1.09% copper.

Gally is located about 485 meters west of the Grizzly CRD target, where drilling last year cut 1.97 meters averaging 661 g/t silver, 13.2% zinc, 14% lead, 0.27% copper, and 0.22 g/t gold, and about 1,400 meters south of Pete, a discovery target where an eight-meter channel sample returned an average grade of 250 g/t silver, 7.5% zinc, 12.1% lead, and 0.33% copper.

Core Assets Corp.

Click on image for larger map.

"The abundance of elevated surficial polymetallic discoveries at the Silver Lime Project continues to increase rapidly. The surface has barely been scratched at our district scale Blue Property, and our team is continuing to learn more about the geometry of the mineralized plumbing network and the limestone host rocks every day," said Core Assets President and CEO Nick Rodway. "We look forward to completing targeted drill testing at these new discoveries in 2023."

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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