Findings Reminiscent of Hercules Silver’s 3D Investigation
A picture is worth a thousand words, they say. This is especially true for the new imaging geophysical methods that Core Assets Corp. (CSE:CC; FSE:5RJ; OTC.QB:CCOOF) is using for the first time to plan its this year’s drilling program on the CRD-Porphyry Silver Lime Project in the central Blue Property in the Atlin Mining District of Northwest British Columbia. The new model shows the spectacular interpretation of a three-dimensional magnetic vector inversion model, where the presumed source intrusion is clearly visible for the first time. The 3D model suggests that the Mo-Cu porphyry target Sulphide City is connected to a larger magnetic body with a width of ~3.7 kilometers, which feeds at least three other porphyry stocks beneath the Pete’s CRD and AMP targets, as well as south of the Gally CRD target (Figure 1).
The integrated evaluation of all geophysical measurement data aligns exactly with the findings from previous drilling. In 2022, drill hole SLM22-006 at Sulphide City reached a depth of 471 meters and showed significant porphyry-style alteration, veins, and elevated molybdenum (Mo) and copper (Cu) grades at about 315 meters depth. Grades near the EOH yielded up to 2.50% CuEq. We will begin drilling to test the Sulphide City Mo-Cu Porphyry Stock (80 mV/V) (Figure 1) and the potential source intrusion. The start of drilling on the Silver Lime CRD-Porphyry Project is planned for this week. Core Assets aims to complete up to 5,000 m of diamond drilling in the season now beginning.
Nick Rodway, President CEO of Core Assets, commented: “The overlaps we have observed between our favorable magnetics, highly chargeable and conductive zones, Cu and Mo grades in the drill hole, and the current drilled extent of the Sulphide City Mo-Cu porphyry all point to the continuation of the mineralized Sulphide City porphyry to depths of more than a kilometer. These overlapping datasets indicate the presence of a large, long-lived, and multi-stage mineralized porphyry system that feeds the high-grade Silver Lime skarn and CRM targets. This interpretation goes hand in hand with an improved understanding of our 3D project geology and the structures that served as fluid pathways for the high-grade massive sulfide and epithermal mineralization observed outside the Sulphide City target.”
Conclusion: With its freshly modeled data, Core Assets substantiates the hypothesis that the near-surface CRM and skarn system found in the Silver Lime project is very likely connected to a deeper-lying porphyry Cu system. In many ways, Core Asset’s findings are reminiscent of the 3D investigation that Hercules Silver (TSXV: BIG) published in 2022, which subsequently led to the discovery of the Leviathan Porphyry Copper System in Idaho. Notably, the values of 80 to 120 mV/V measured by Core Assets are interpreted by experts as extremely high values. “MilliVolt per Volt” is a unit of electrical voltage. It indicates the energy per unit charge between two points in an electric field. Core’s drilling campaign this year will reveal the cause of this anomaly. In the best case, a Cu-Mo-rich porphyry body.
