New Gold Discovery Made
In 2024, the Canadian exploration company Core Assets Corp. (CSE:CC; FSE:5RJ; OTC.QB:CCOOF) conducted an extensive exploration program on its Blue property, aiming to more precisely define and expand known mineralization zones of the Silver Lime project there. Core was extremely successful, not only demonstrating silver values of more than 1,000 g/t but also discovering a new gold target!
The team led by CEO Nick Rodway carried out detailed structural and geological mapping along the 2.7-kilometer-long Gally-Sulphide City-Pete’s Trend and at the Jackie Target area last year, but also examined several new targets for the first time. A total of 102 rock samples were taken from eleven targets on Silver Lime. In doing so, they not only identified new zones of high-grade copper, zinc, silver, and molybdenum mineralization – and filled gaps in the exploration of already known areas there (infill) – but also discovered a new zone of high-grade epithermal silver and gold mineralization north of the Sulphide City porphyry.
New Gold Discovery
In detail, epithermal quartz veins and vein breccias from the North Gold Prospect yielded gold and silver contents of up to 1.74 g/t gold and 111 g/t silver, with most samples taken containing more than 0.25 g/t gold and more than 10 g/t silver. Core Assets had taken these samples within a 120 m wide zone on North Gold, which contains 0.2 to 1 meter thick silver and gold-bearing epithermal veins. The company succeeded in mapping these veins over a length of about 600 meters along strike, and they are open for expansion.
The North Gold project is located about 6 kilometers north of the Sulphide City porphyry and near another large-scale porphyritic intrusion and associated high-grade zinc skarn. Core Assets had already sampled this zinc skarn occurrence in 2021 and demonstrated >30% zinc, 38 g/t silver, and 0.31% copper there.
Additionally, the company has demonstrated Argentiferous Manganese Oxide Mineralization (or AMOM) over a 100-meter-long trend located less than 1 kilometer northwest of the drilling conducted in 2022/2023 on the Jackie target. There, Core Assets demonstrated 1,092 g/t silver and 0.25 g/t gold.
Moreover, samples taken from massive galena-pyrite-quartz veins identified at Jackie yielded up to 216 g/t silver, 0.11% copper, 12% lead, 115 ppm tellurium, and 10.8 ppm gallium. The veins are located in a Cretaceous-age layered mafic intrusion that hosts epithermal veins at Pike Valley.
If that wasn’t enough, massive galena and pyrite-dominant carbonate replacement mineralization sampled immediately southeast of the epithermal vein at Jackie yielded impressive 767 g/t silver, 1.12% copper, 48.3% lead, and 1.7% zinc.
And finally, in 2024, new occurrences of epithermal microcrystalline quartz veins were discovered within the 2.7 km long mineralized Gally-Sulphide City-Pete’s Trend, yielding 0.38 g/t gold (with 2 g/t silver) and 0.88 g/t Au (with 353 g/t silver).
With this, Core Assets has now identified four (!) promising and clustered mineralization systems consisting of prospective mineralized porphyries and associated high-grade copper and/or zinc-copper skarn occurrences extending over an approximately 30-kilometer-long trend on the Blue property.
With this data from the past year, Core Assets is off to a very promising start in 2025! We are eager to see what exploration and/or drilling programs the company will now follow up with to pursue these “hot leads”. We will definitely report on it.
