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Core Assets Corp. Initiates Permitting for Drilling and Plans Airborne Geophysical Survey at the Blue Cu-Au Property, Atlin, British Columbia
VANCOUVER, BC / ACCESSWIRE / September 29, 2020 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC) (Frankfurt:5RJ) (WKN:A2QCCU) is pleased to announ
About this update from Core Silver Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 29, 2020 / Core Assets Corp., (\"Core Assets\" or the \"Company\") (CSE:CC) (Frankfurt:5RJ) (WKN:A2QCCU) is pleased to announce that it has applied for exploration permitting for diamond drilling and has begun planning for the initiation of a 1,100 line kilometer geophysical survey at its 100% wholly owned Blue Property (the \"property\") located in the Atlin Mining District of British Columbia, Canada. Highlights Core Assets has added 10 new diamond drill holes to a historically permitted diamond drilling program of 8 holes that the vendor had on the property, for a total of 18, targeting newly identified chargeability targets outlined by the 2019 IP survey and compilation of historic electro magnetic survey on the western part of the property. The execution of a property wide magnetic and radiometric geophysical survey will add new layers to delineate secondary and tertiary structures associated with mineralization and alteration found around the Llewelyn Fault Zone (LFZ). The LFZ is a major regional fault in the Atlin area, running from the Yukon, south 140 km's to the British Columbia-Alaska border. The Blue Property hosts a historical diamond drill hole* that assayed 173.2 meters of 0.27% Cu from surface, 1.60% Cu from 173.2-179.2 meters,1.40% Cu from 186.2-194.0 meters and is open in all directions. The Silver Lime Property hosts massive sulfide at surface with historical channel samples* of 3.3 g/t Au, 2,641 g/t Ag, 0.15% Cu, 2.5% Pb and 3.32% Zn, 2.56% Sb over 2.2 meters and has never been drilled to date. The geophysical survey is planned to start in late October and drilling is estimated to begin in Spring 2021. CEO David Hodge comments, \"The execution of a state-of-the-art geophysical survey will help us upgrade our precision for drill placement. We believe that it is important to understand the alteration associated with deep seated secondary and tertiary structures that are fed by the Llewelyn Fault Zone. The Llewelyn Fault Zone exhibits characteristics of other prolific mining and exploration camps to the south, and we believe that it has the potential to be associated with a district scale plumbing system on our property. This survey will be yet another very important steppingstone in adding new geological layers that will help our highly experienced technical team lead us ...