The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
1.16-meter intercept drilled at Silver Lime CRD target area North of 60 Mining News – November 4, 2022
Core from the high-grade silver-zinc-lead mineralization cut in hole SLM22-011 at the Grizzly target on the Blue project in BC.
Click on image for larger map.
Core Assets Corp. Oct. 31 reported high-grade zinc-lead-silver mineralization in two holes drilled 2,000 meters apart in the Silver Lime project area on the Blue property in Northern British Columbia.
Located in the gold-rich Atlin Mining District, Blue is a 111,649-hectare (275,890 acres) land package covering high-grade skarn and carbonate replacement and porphyry prospects enriched with silver, gold, copper, zinc, and lead.
Core's 2022 exploration program at Blue included drilling two major project areas on the Blue property – Laverdiere, a prospect area in the southern part of the property that hosts three areas of outcropping skarn mineralization; and Silver Lime, a corridor of carbonate replacement deposit (CRD) copper-zinc-silver prospects about 10 kilometers (six miles) to the east.
The latest batch of results is from one hole in each of the Grizzly and Jackie targets within the Silver Lime project area.
SLM22-001, drilled at the Jackie target, cut 17.19 meters averaging 28 grams per metric ton silver, 1.2% zinc, 1.4% lead, and 0.1% copper. This intercept included a 1.25-meter subsection averaging 215 g/t silver, 9.9% zinc, 8.9% lead, and 0.36% copper.
SLM22-011, drilled at the Grizzly target, cut 1.97 meters averaging 661 g/t silver, 13.2% zinc, 14% lead, 0.27% copper, and 0.22 g/t gold. This high-grade intercept included a 1.16-meter subsection averaging 1,145 g/t silver, 23.5% zinc, 23.2% lead, 0.52% copper, and 0.37 g/t gold.
"The greater than 47% combined base and precious metal content of the Grizzly CRD intercept is the highest-grade result recovered from the Silver Lime Project to-date and puts the Silver Lime Project on the map for high-grade CRD projects globally," said Core Assets President and CEO Nick Rodway.
Part of Core's first pass drilling at Silver Lime, high-grade CRD intercepts from holes SLM22-001 and SLM22-011 were selected for rush analysis to determine overall grade ranges to guide the drilling and evaluation of more than 250 CRD outcrops identified within a 6.6-kilometer (4.1 miles) mineralized corridor.
Core says these early assay results will aid the geological modeling process in terms of defining metal zoning patterns and linking mineralized structures in the subsurface in anticipation for 2023 drilling of CRD and associated porphyry targets at Silver Lime.
"This CRD mineralization fits well into the Porphyry-CRD continuum model that we are revealing through drilling and gives us a much better understanding of the system's plumbing network," Rodway added.
Core completed 5,355 meters of drilling in 15 holes at Silver Lime. Assays are pending from 13 of those holes plus the balance of the holes SLM22-001 and SLM22-011.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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