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Core Assets Announces Widespread Gold Mineralization at Silver Lime
VANCOUVER, BC / ACCESSWIRE / March 5, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC) (FSE:5RJ) (OTCQB:CCOOF) is pleased to present gold ass
About this update from Core Silver Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 5, 2024 / Core Assets Corp., (\"Core Assets\" or the \"Company\") (CSE:CC) (FSE:5RJ) (OTCQB:CCOOF) is pleased to present gold assay results from the Silver Lime CRD-Porphyry Project (the \"Silver Lime Project\" or \"Silver Lime\"), central Blue Property (the \"Blue Property\"), Atlin Mining District of NW British Columbia. Exploration work completed outboard of the Sulphide City Porphyry has uncovered late-stage gold mineralization at Silver Lime. Significant gold grades have already been observed at the Pete's, Amp, Falcon, and Jackie targets in areas coincident with massive sulphide mineralization - adding to the endowment of our high-grade skarn and carbonate replacement targets. Gold mineralization at Silver Lime appears to be hosted in late fugitive calcite veins stemming from steeply dipping fault splays that affect schist, marble, local porphyritic dykes, and zones of massive sulphide. It is interpreted that late gold-bearing fluids utilized the same structural pathways that focused the earlier massive sulphide-bearing ore-fluids, making these newly discovered, steep conduits excellent drill targets for both high-grade massive sulphide and late gold mineralization. Surface samples with comparable gold and silver grades to those at Silver Lime have also been discovered in massive sulphide and quartz-carbonate veins regionally - 7.7 kilometers to the northwest of the Jackie Target. Pete's & Amp Target Highlights (Table 1) SLM23-030 intersected 2m of 1.26g/t Au and 13g/t Ag from 7m depth. SLM23-029 intersected 1.64m of 3.46g/t Au and 64g/t Ag from 10.36m depth. SLM23-028 returned 2m of 0.80g/t Au and 3g/t Ag within 4m of 0.28g/t Au from 6m depth. SLM23-026 intersected 2m of 1.00g/t Au and 6g/t Ag from 13m depth. This gold-bearing zone was also intersected at Drill Pad 2, located 100m west of the holes listed above, and graded up to 0.26g/t Au and 14g/t Ag over narrow intervals. Gold in quartz-carbonate veinlets with sulphides at the AMP Target, located almost a kilometer southeast of Pete's, grade up to 6.75g/t Au and 931g/t Ag. Gold occurrences at Pete's and Amp are localized along NW-SE trending faults stemming from a larger, >1.2-kilometer-long, gold-bearing fault zone located between the two targets (Figure 1). Jackie & Falcon Target Highlights (Table 2) SLM22-004 intersecte...