Core Assets Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
Suite 1450 – 789 West Pender Street Vancouver, BC Canada V6C 1H2 |
| Tel No.： | 1-604-681-1568 |
| Fax No.： | 1-604-681-8240 |
| Web Site： | www.coreassetscorp.com |
| E-mail： | info@coreassetscorp.com |
| Contact Person： | Josh Vann |
| Position： | VP Corporate Development |
| Traded Market： | CSE | OTC.QB | FSE |
| Traded Symbol： | CC | CCOOF | 5RJ |
| Outstanding Shares： | 84.79 Million |
| Public Float： | 105.6 Million |
| 52 Week High： | $ 0.86 |
| 52 Week Low： | $ 0.21 |
| Present Price： | Click Here |
Core Assets is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The Company currently holds 100-per-cent ownership in the district scale Blue property located in British Columbia’s prolific Atlin mining district. Core Assets is excited to become one of Atlin mining district's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area.
Investment Highlights
Great location for discovery
- Located in one of the last unexplored areas of BC’s prolific Stikine Terrane and more easily accessible than other projects located to the south within the “Golden Triangle”.
District scale land package with significant exploration upside
- Commanding and wholly owned 1,140 sq. km district scale land position in British Columbia’s prolific Atlin Mining District.
Large high-grade surficial expressions of mineralization with favourable geological elements
- The Blue Property contains one of the largest and highest grade documented surficial expressions of any early stage carbonate replacement deposit (CRD) project, with indications of a potential large porphyry feeder stock nearby.
World-class Porphyry-CRD-Skarn deposit potential
- The Project continues to display characteristics like that of the largest Porphyry-CRD systems globally and covers the full mineralization evolution spectrum from Cu-Mo porphyry through to Ag-Pb carbonate replacement over a 6.6 km by 1.8 km mineralized area.
Successful maiden 2022 exploration program
- All holes completed at the Silver Lime Project in 2022 intersected skarn and chimney-style massive sulfide CRD feeders, which are believed to be continuous and interconnected at depth tracing back to the porphyry source(s).
Blue Property, British Columbia
Core Assets holds 100% ownership of the 1,140 sq. km Blue Property which encompasses both the Silver Lime Porphyry-CRD Project and the Laverdiere Skarn-Porphyry Project located 15 km apart.
The Blue property lies within the Atlin mining district, a well-known gold mining camp. The Blue property hosts a major structural feature known as the Llewellyn fault zone (LFZ). The LFZ is approximately 140 km in length and is known to host porphyry, skarn, epithermal gold mineralization along its entire length.
The Blue Property contains mineralization and alteration assemblages similar to those of major Mexican CRD’s and world-class porphyry Cu-Mo deposits.
2022 Exploration Summary – Silver Lime CRD Porphyry Project
The 2022 maiden drill program at Silver Lime intersected widespread skarn and chimney-style massive sulfide carbonate replacement deposit (CRD) feeders believed to be continuous and interconnected at depth tracing back to the porphyry source(s).
- Sulphide City Target – Source Intrusion Tapped in 2022
- Carbonate replacement, skarn, and porphyry mineralization drilled over significant widths in all holes – assay results are pending
- Grizzly Target – Carbonate Replacement Massive Sulphide
- 1,497 meters of diamond drilling has been completed at the Grizzly Target, with high-grade carbonate replacement, mineralized dyke-contact skarn and endoskarn intersected in all holes
- Rushed analysis of intercepts observed in SLM22-011 returned 1.97 m of carbonate replacement massive sulphide mineralization grading 661 g/t Ag, 13.2% Zn, 14.0% Pb, 0.27% Cu and 0.22 g/t Au
- Jackie Target – Distal Skarn-CRD Expression Located 2.7 km Away from the Sulphide City Porphyry
- The highest-grade massive sulphide occurrences at Jackie appear to be associated with steeply dipping, mineralized felsic dykes
- SLM22-001 intersected 1.25 m of 215 g/t Ag, 9.9% Zn, 8.9% Pb, and 0.36% Cu
- Newly Discovered Targets
- During the 2022 season, ground reconnaissance identified additional high-grade targets including Pete’s CRD Target, the Amp Target and the Falcon Au-Ag Target
- Channel sampling at Pete’s CRD target returned 250 g/t Ag, 12.1% Pb, 7.5% Zn, and 0.33% Cu over 8 metres
2022 Diamond Drilling at the Laverdiere Skarn-Porphyry Project
- A total of 1,806 metres of exploratory HQ-sized diamond drilling over 6 holes has been completed at the Laverdiere Skarn-Porphyry Project.
- The 2022 diamond drill campaign was designed to test the depth extent and mineralization potential of the high grade Fe-Cu-Au skarn and the causative, Cu-Mo bearing granodiorite intrusion.
- In 2022, drilling efforts extended Fe-Cu-Au skarn mineralization for 850m between the historic North and South Adits; whereas drilling and prospecting extended porphyry style mineralization in granodiorite to 3.9 km along strike, and for >400 m depth.
- Assay results from the first two diamond drill holes completed at the French Adit have successfully confirmed massive to semi-massive Fe-Cu-Au skarn and porphyry-style Cu-Mo mineralization and alteration that remains open at depth.
- LAV22-001: 95 m of 0.54% CuEq, including 48.5 m of 1.03% CuEq, as well as a 1.51 m gold zone grading 4.59 g/t Au
Management and Directors
Nick Rodway, P.Geo., Founder, Chief Executive Officer, President and Director
Mr. Rodway has spent over 10 years working with Canadian exploration companies. He specializes in project generation and project financing. He is also a Director on several other publicly traded exploration and mining companies.
Monica Barrington, B.Sc., Vice President Exploration
Ms. Barrington is an Atlin-based exploration geologist. She holds a combined 9 years of experience in research and mineral exploration in Eastern Canada, as well as the Golden Triangle and Atlin Mining Camp of northwest British Columbia. Prior to joining the Core Assets team, Ms. Barrington was employed as Senior Project Geologist with Brixton Metals Corporation where her work focused on the advancement of their porphyry-epithermal and orogenic gold targets in British Columbia.
Jody Bellefleur, CPA, CGA, Chief Financial Officer
Ms. Bellefleur has over 20 years’ experience as a corporate accountant. Since 2008, she has exclusively been involved in providing services to both public and private companies in the junior mining sector.
Joshua Vann, B.Comm., Vice President, Business Development & Strategy
Mr. Vann worked in Equity Research at PI Financial on the Special Situations Team. He has experience working in corporate development for publicly and privately listed companies in the natural resource sector. He also brings experience working in Investment Banking across a number of industries including healthcare, technology, and mining.
Board and Advisory Team
Dave Hodge, Director
Sean Charland, Director
Joel Faltinsky, Director
Andrew Carne, P.Eng., Director
David Gower, P.Geo., Technical Advisor
Marcus Adam, P.Geo., Technical Advisor
On January 24, 2024, Core Assets Corp. has released assay results from the 2023 shallow drilling campaigns completed at the Jackie and Grizzly carbonate replacement deposit (CRD) targets, part of the Silver Lime CRD-porphyry project, central Blue property, Atlin mining district of northwestern British Columbia.
In 2023, eight shallow diamond drill holes totalling 965 metres were completed at the Jackie CRD target. CRM and gold-bearing skarn mineralization highlighted below remain open for exploration in multiple directions and at depth. Highlights from the Jackie CRD Target:
- Seven out of eight diamond drill holes completed at Jackie intersected massive-to-semi massive sulphide mineralization.
- SLM23-042 returned 4.55 metres of 116 grams per tonne silver, 11.7 per cent lead plus zinc and 0.41 per cent copper, including 1.10 m of 215 g/t Ag with 22.1 per cent Pb+Zn and 0.24 per cent Cu from surface, and 1.25 m of 198 g/t Ag, 20.8 per cent Pb+Zn and 1.04 per cent Cu from 2.10 m depth.
"Results from the 2023 exploration program show strong evidence for the presence mineralization styles spanning the full porphyry-CRD spectrum at the Jackie target and across the Silver Lime project," said chief executive officer Nick Rodway. "The Silver Lime CRD-porphyry project contains impressive and widespread occurrences of six target metals, including silver, copper, zinc, lead, gold and molybdenum within a nine-by-10-kilometre district-scale mineralized footprint that has multideposit potential. Exciting assay results from the 2023 surface sampling program will be released shortly."
On December 14, 2023, Core Assets Corp. has released results from the 3-D direct current induced polarization geophysical survey completed across the 2.4-kilometre-long Pete's-Sulphide City-Gally trend, at the Silver Lime carbonate replacement deposit-porphyry project in 2023, central Blue property, Atlin mining district of northwestern British Columbia.
In August, 2023, a modern 3-D DCIP geophysical survey was completed over a 2.3 square km area of the Silver Lime project, connecting the Sulphide City skarn-porphyry target, and the Pete's and Gally CRD targets.
- The survey identified two large/significant deep-seated porphyry targets.
- The anomaly at Sulphide City (anomaly 1) is coincident with the mineralized molybdenum-copper porphyry (confirmed by drilling in 2022) and shows continuation of a highly chargeable and resistive body at depth. This strong chargeability anomaly resides below the current depth of drilling at the Sulphide City porphyry-skarn target and appears to extend to the east.
- In 2022, SLM22-006 intersected the interpreted top of the chargeability anomaly at the eastern most edge of the 2023 IP survey. Drill core assays show an increase in Cu with depth at Sulphide City. The bottom of hole SLM22-006 returned 22.25 metres of 46 grams per tonne silver equivalent with 0.35 per cent copper equivalent from 447.75 m depth, including 0.67 m of 323g/t AgEq with 2.5 per cent CuEq.
- The chargeability anomaly below Sulphide City measures greater than 1.5 kilometres in the northeast-southwest direction, greater than 500 metres in the east-west direction and extends to depths of greater than 650 metres (the depth limit of 3-D DCIP survey).
- Overlapping magnetics/chargeability anomalies suggests that the Sulphide City chargeability anomaly may connect to a very chargeable, untested body north of Pete's CRD target (common voltage reference magnetics, 2021, versatile time-domain electromagnetic).
- Chargeability values increase to 80 millivolts/volt around the limit of the depth of investigation below Sulphide City, and up to 120 mV/V at the core of the anomaly (anomaly 2) located north of Pete's CRD target.
- The anomalies remain open for exploration at depth and in multiple directions, including possible extensions to the northeast and east below Grizzly Ridge.
- A follow-up survey is planned for 2024, in conjunction with deeper exploratory drilling, to expand and test these significant geophysical anomalies.
- Drilling results for the Jackie and Grizzly CRD targets will be released in the coming weeks.
Core Assets' president and chief executive officer, Nick Rodway, commented: "Our new IP geophysical data indicates that the drilling completed at Sulphide City in 2022, which intersected anomalous copper at the bottom of hole SLM22-006, was not deep enough to properly test the core of this large and hot chargeability anomaly below Sulphide City. The shallow CRD drilling completed in 2023, which intersected greater than one kilogram/tonne silver values at Pete's and Gally, were drilled along the margins of several highly conductive and chargeable bodies within the survey area that show continuity along trend and increased thickness to depths of more than 100 m. Now that we are fully funded, we can test these exciting features with deeper drilling and continue to connect the dots of this robust and high-grade CRD-porphyry system at Silver Lime."
On November 17, 2023, Core Assets Corp. has completed its previously announced non-brokered private placement offering, which was oversubscribed by 8,059,171 units and 11,638,037 flow-through units. Pursuant to the offering, the company issued an aggregate of 16,392,505 units at a price of 12 cents per unit for gross proceeds of $1,967,100.60 and 25,923,752 FT units at a price of 14 cents per FT unit for gross proceeds of $3,629,325.28. The company also announces the resignation of David Hodge as a director and would like to welcome Josh Vann to the board of directors.
On October 18, 2023, Core Assets Corp. intends to undertake a non-brokered private placement of securities to raise aggregate gross proceeds of up to $3-million. The Offering will consist of up to 8,333,334 units (each, a "Unit") at a price of $0.12 per Unit for gross proceeds of up to $1,000,000 and up to 14,285,715 flow-through units (each, a "FT Unit") at a price of $0.14 per FT Unit for gross proceeds of up to $2,000,000. The Company intends to use the proceeds from the sale of Units for general working capital and exploration expenses.
On October 17, 2023, Core Assets Corp. has released assay results from the 2023 maiden drilling campaign at the Gally carbonate replacement deposit (CRD) target, part of the Silver Lime CRD-porphyry project, central Blue property, Atlin mining district of northwestern British Columbia. Highlights:
Gally drilling has successfully intersected extremely high-grade at-/near-surface silver-lead-zinc-copper mineralization over appreciable widths in 10 holes defining the greater than 2.4-kilometre mineralized trend (Gally-Sulphide City-Pete's trend) from surface to depth.
The high-resolution 3-D DC induced polarization/resistivity geophysical survey conducted over the drilled greater than 2.4km trend is now complete. The combination of results from oriented stepout drilling and the IP survey will assist with modelling the geometry of the porphyry-skarn-CRD mineralized system along this trend and aid in continued drilling (see news release dated Sept. 12, 2023).
- Massive sulphide carbonate replacement mineralization at the Jackie target has been intersected at drilled depths of approximately 190 metres and remains open for exploration.
- SLM23-038 intersected 2.20 metres of very massive (Zn-Pb-Cu-Ag (zinc-lead-copper-silver)) sulphide carbonate replacement mineralization (visual) from 17.05 metres depth.
- SLM23-041 intersected 1.70 metres of massive-to-semi-massive (Fe (iron)-Zn-Cu-Pb-Ag) skarn and carbonate replacement mineralization from 14.80 metres depth.
- SLM23-042 intersected 3.35 m of massive sulphide (Zn-Pb-Cu-Ag) carbonate replacement from surface.
- SLM23-043 intersected 1.95 m of massive sulphide (Zn-Pb-Cu-Ag) carbonate replacement from surface.
- Strong fugitive calcite (BBQ rock) was identified intermittently over approximately 90 metres in hole SLM23-043, providing indications of a large, multistage system with potential of hosting larger bodies of CRD mineralization at depth.
- Core Assets has engaged DIAS Geophysical for the acquisition and processing of a modern 3-D DCIP (direct current-induced polarization)/resistivity survey over a 2.3-square-kilometre area of the Silver Lime project connecting the Gally, Sulphide City and Pete's targets. The survey is designed with two primary purposes in mind:
- Imaging deep, project-scale structures and potential sources of CRD mineralization, including the Mo (molybdenum)-Cu porphyry-skarn body at Sulphide City that was discovered in 2022.
- Imaging of shallow, target-scale massive sulphide CRD and skarn zones through strategic, higher-density receiver and transmitter arrays.
- Both objectives will enhance the rapidly evolving understanding of the geologic model and ore systems at work at Silver Lime, and will aid drill targeting for the 2024 season.
On July 18, 2023, Copper Fox Metals Inc. intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $2-million in gross proceeds. The offering will consist of up to eight million units at a price of 25 cents per unit. Each unit will consist of one common share in the capital of the company and one-half common share purchase warrant.
On July 17, 2023, Core Assets Corp. has released drill results from the successful maiden drill program at Pete's CRD target. The Company is now drilling at the Grizzly CRD Target, at 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.
Diamond drilling at Pete's CRD Target has successfully confirmed a new Zn-Pb-Agplus or minusCu-rich CRD (carbonate replacement) discovery at shallow depths. 12 out of 15 drill holes intersected intervals of massive-to-semi massive carbonate replacement and skarn mineralization over a 100-meter step-out . Sulphide mineralization at Pete's was intersected over widths of up to 8.00 meters, for a combined total of 32.98 meters of massive to semi massive sulphide mineralization drilled. All mineralized intercepts obtained from Pete's CRD Target have been submitted for rushed analysis.
On June 19, 2023, Core Assets Corp. has started the fully financed phase 1 diamond drilling campaign at the Silver Lime CRD (carbonate replacement) porphyry project, central Blue property, Atlin mining district of northwest British Columbia. The company also announces that it has granted incentive stock options to acquire an aggregate of 3,515,000 common shares of the company to its directors, officers and consultants, under its stock option plan.
The phase 1 2023 exploration program at the Silver Lime project will consist of approximately 3,500 metres of oriented HQ-sized diamond drilling. The drilling will focus on extending the zones of high-grade massive sulphide carbonate replacement mineralization down-dip and along strike at the Grizzly, Pete's and Gally carbonate replacement targets.
Diamond drilling has commenced at Pete's CRD target and will test the down-dip extension of the eight-metre-long high-grade channel sample collected in 2022 (see the table entitled "2022 channel sample assay results from Pete's CRD target"). Targeted stepout drilling is planned for both the Pete's and Grizzly targets at the beginning of the season.
On June 01, 2023, Core Assets Corp. has summarized work completed during the 2022 exploration program at the Silver Lime CRD porphyry project, central Blue property, Atlin mining district of northwest British Columbia. The company also announces the extension of the expiry date of certain warrants.
A total of 5,565 metres of exploratory diamond drilling was completed at the Silver Lime CRD-porphyry project during the company's inaugural drilling campaign in 2022. First-pass drilling successfully confirmed the presence of high-grade Ag-Pb-Zn-Cu plus or minus (silver-lead-zinc-copper) Au (gold) carbonate replacement (CRD) mineralization at depth, as well as widespread porphyry Mo (molybdenum) mineralization and associated mineralized skarn. All surficial mineralized structures targeted in 2022 were confirmed at depth through drilling.
On May 16, 2023, Core Assets Corp. has summarized work completed during the 2022 exploration program at the Laverdiere skarn-porphyry project at the Blue property, located in the Atlin mining district of northwestern British Columbia.
Prospecting and surface sampling at Laverdiere in 2022 extended the trend of exposed Cu-porphyry mineralization along Hoboe Creek (Lewellyn Fault Zone/LFZ) to 3.9KM south of the North Adit (Figure 1). Historic and high-grade, Cu-(Mo-Au)-bearing porphyry-style veins were also located in 2022 and graded up to 3.24% Cu, 0.30% Mo, 82g/t Ag, and 0.56g/t Au. These vein sets trend east-west and reside within a large resistive zone coinciding with the extents of the Laverdiere Porphyry. Historically, veining near this location graded up to 2.73% Cu and veins can currently be observed at surface, following the orientations of prominent faults, for up to 2.2KM west-southwest of the South Adit (Figure 1).
Additionally, 14 rock samples were collected along the 850m stretch of high-grade Fe-Cu-Au-Mo skarn mineralization in 2022 (2022 drilling area; Figure 1). Eight of these samples produced grades higher than 1.0% Cu. One rock sample, collected immediately southeast of the South Adit in 2022 returned 4.3% Cu, 31g/t Ag, 0.63% Mo, and 0.13g/t Au.
On May 01, 2023, Core Assets Corp. has released surficial assay results from the Gally target -- a new carbonate replacement (CRD) discovery located 325 metres (m) southeast of the of the Sulphide City target at the Silver Lime CRD-porphyry project, north-central Blue property, Atlin mining district of Northwestern British Columbia.
In 2022, prospecting work uncovered the Gally Target - a Silver-Zinc-Lead-Copper (Ag-Zn-Pb-Cu)-rich carbonate replacement occurrence located southeast of the Sulphide City Target and 485m west of the high-grade Grizzly CRD Target.
At this new discovery, two Ag-Zn-Pb-Cu rich, massive to semi-massive carbonate replacement zones are mainly concentrated near the contacts between limestone and an extensive intermediate dyke. Zone 1 can be traced intermittently for 93m at surface, grading up to 446g/t Ag, 1.25% Cu and 23.3% Zn+Pb. Zone 2 extends for 50m along strike and boasts the third highest grade surface sample collected by the Company to-date grading up to 1,115g/t Ag, 1.09% Cu and 24.4% Zn+Pb (Figures 1, 2). Both zones remain open under local scree cover following the trend of the limestone host rocks.
On April 18, 2023, Core Assets Corp. has released surficial assay results from the Falcon target -- a historic vein-hosted gold-silver occurrence located 950 metres north-northeast of the Jackie CRD target at the Silver Lime carbonate replacement deposit/porphyry project on its north-central Blue property in the Atlin mining district of northwest British Columbia.
In 2022, prospecting and sampling located and extended the footprint of vein-hosted Ag-Au mineralization at the Falcon Target by 170 metres. Quartz veins sampled at the Falcon Extension in 2022 graded up to 19.5g/t Au, 33g/t Ag, 0.33% Pb, and 0.30% Sb (Figures 1, 2).
Historically, outcrop grab and chip sampling at Falcon identified two northwest trending quartz veins containing semi-massive arsenopyrite, stibnite, pyrite, and galena that returned an average grade of 3.67g/t Au, 2,641g/t Ag, 0.15% Cu, 2.50% Pb, 3.32% Zn, 5.78% As, and 2.56% Sb over a 2.2m channel sample1. This vein system is hosted in metasediments, was originally traced for 25 meters along strike and remains open under talus cover. To the northwest of the Falcon Target, smaller veins of similar composition hosted in quartz-feldspar porphyry breccia dykes historically graded up to 0.94g/t Au, 975g/t Ag, 1.2% Pb, and 0.9% Zn (Figure 2).
April 11, 2023, Core Assets Channel Samples 15m of 1.43% Cu and 92 g/t Ag at the Kim Target
March 29, 2023, Core Assets Drills 5.64m of 254 g/t Ag, 9.9% Pb+Zn, 0.11% Cu and 0.12 g/t Au, Including 424 g/t Ag, 17.4% Pb+Zn, 0.20% Cu, and 0.14 g/t Au over 3.15m at the Blue Property
March 6, 2023, Core Assets Reports Assay Results From the First Four Drill Holes Completed at the Silver Lime Project, Including 1.25m of 215 g/t Ag, 18.8% Zn+Pb, 0.36% Cu & 5.37m of 51 g/t Ag, 5.1% Zn+Pb, and 0.19% Cu
February 23, 2023, Core Assets Samples 8.3% Cu, 240 g/t Ag, and 11.8% Zn at the Kim Target and Strengthens Land Position at the Blue Property to 1,114 sq. km