The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Rock samples returned 8.3% copper, 240 g/t silver, 11.8% zinc North of 60 Mining News – February 24, 2023
A Kim target sample with massive magnetite-chalcopyrite skarn that averaged 2.16% copper, 109 g/t silver, 0.39 g/t gold, and 0.16% molybdenum.
Click on image for larger map.
Core Assets Corp. Feb. 23 reported high-grade copper-zinc-silver mineralization in rock samples collected from the Kim target – a high-grade occurrence about 22 kilometers (14 miles) north of the Silver Lime porphyry-carbonate replacement deposit project on the company's Blue property in northern British Columbia.
Located along BC's border with Alaska in the Atlin Mining District, Blue is a roughly 281,500-acre (113,900 hectares) land package covering high-grade skarn and carbonate replacement and porphyry prospects enriched with copper, gold, zinc, silver, and lead.
This district-scale property is also transected by the Llewellyn Fault Zone, a major structural feature that seems to play an important role in the mineralization of near-surface metal occurrences across Blue.
Since assembling the district-scale land package and listing on the Canadian Securities Exchange in 2020, Core has been carrying out early exploration in preparation for a 2022 drill program that targeted two primary project areas – Laverdiere and Silver Lime.
While carrying out the 2022 drilling, regional prospecting and channel sampling extended skarn mineralization at Kim by 425 meters following the southern edge of the inferred Kim Creek Fault. Rock grab samples collected at the historic skarn showing returned assay values of up to 8.3% copper, 240 grams per metric ton silver, 0.16% molybdenum, 0.39 g/t gold, and 0.21% zinc. Rock collected along trend to the southeast returned grades as high as 11.8% zinc, along with 4.7% copper, 137g/t silver, and impressive molybdenum (0.35%) and tungsten (0.29%) values.
Following promising results at Kim, Core Assets increased the size of the Blue property by staking 2,236 hectares (5,525 acres) of mining claims covering the north side of the Kim Creek Fault.
"We are continuing to grow our project and its footprint, making it one of the largest contiguous and prospective land packages in British Columbia," said Core Assets President and CEO Nick Rodway.
Assays from 17 meters of channel sampling completed last year at the Kim skarn are pending.
"We are eager to receive the 2022 channel sample assays from the high-grade Kim target," Rodway added. "Mineralization at Kim is hosted within the same sedimentary package as the high-grade skarn and carbonate replacement massive sulphide mineralization observed at the Silver Lime Porphyry-CRD project, located over 20 KM to the south."
Core Assets is also awaiting assays from its 2022 diamond drilling, which are expected in the coming weeks.
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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