Core Assets intersects sulphides with initial drilling at Jackie target in B.C.

Core Assets (CSE: CC; OTC: CCOOF) has completed its first ever diamond drilling at the Jackie silver-lead-zinc-copper carbonate replacement (CRD) target, part of the Silver Lime project, central Blue property in the Atlin mining district of northwestern B.C. Four holes totalling approximately 1,300 metres were drilled at the same location, all of which intersected multiple near-surface intervals of replacement-style mineralization and confirmed the presence of massive to semi-massive sulphide mineralization at the Jackie target.

Drill crews have now mobilized to the Sulphide City target, and assay results from first two drill holes completed at the Laverdiere project in 2022 are expected to be reported later this month.

According to Core Assets president and CEO Nick Rodway, drilling at the Jackie target has successfully tapped into what the company interprets as "an impressive expression of distal CRD mineralization."

"The Core Assets team is excited to continue to track the Silver Lime carbonate replacement system back to its source, following the exploration model that massive sulphide occurrences within the 6.6 by 1.8 km mineralized corridor at Silver Lime are structurally controlled and connected in the subsurface," he added.

The Silver Lime project represents a 3.7 by 1.8 km area of tight, high-grade carbonate replacement and skarn mineralization within the broad 6.6 km mineralized corridor that remains open. Within the area is the Jackie target, consisting of numerous massive-to-semi-massive sulphide occurrences that measure up to 30 metres long and 6 metres wide.

Many of these occurrences are clustered and hosted within mapped trending faults and fault splays. These fault-hosted sulphide bodies are interpreted as spokes that typically broaden at depth and express continuity back towards a causative intrusion (the hub) – showing resemblance to a hub-and-spoke ore deposit.

Historical channel sampling at the Jackie target returned 486 g/t silver, 0.36% copper, 9.4% lead and 13.0% zinc over 1.4 metres, and 336 g/t silver, 0.26% copper, 7.9% lead and 9.6% zinc over 1.25 metres.

The entire Blue property covers a land area of 1,116 km² within an unexplored area of B.C.’s Stikine terrane. The property hosts a major structural feature known as the Llewellyn fault zone, which is approximately 140 km in length and runs from the Tally-Ho shear zone in the Yukon, south through the Blue property to the Alaskan Panhandle Juneau Ice Sheet in the U.S.

To learn more about this district-scale property, visit www.coreassetscorp.com.