The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Precious metals option on Northern BC polymetallic property North of 60 Mining News - April 19, 2023
Outcropping quartz veins at the Falcon target. The right photo shows the location of a 2.2-meter channel sample that averaged 3.67 g/t gold and 2,641 g/t silver.
Click image to see larger map.
Core Assets Corp. April 18 reported that its 2022 sampling has extended mineralization at the Falcon target, a vein-hosted gold-silver occurrence associated with the Silver Lime project on the company's Blue property in Northern British Columbia.
"In addition to the high-grade carbonate replacement occurrences discovered and sampled at the Silver Lime CRD-Porphyry Project, many historical and new high-grade vein-hosted occurrences were located and extended in 2022," said Core Assets President and CEO Nick Rodway.
Situated along the Alaska border in BC's Atlin Mining District, Blue is a 275,890-acre (111,650 hectares) land package covering high-grade skarn and carbonate replacement and porphyry prospects enriched with copper, gold, silver, zinc, and lead.
The two most advanced project areas on the Blue property are Laverdiere, a high-grade iron-copper-gold skarn target in the southeastern area of the land package, and Silver Lime, a carbonate replacement and porphyry prospect area about 15 kilometers (nine miles) to the west.
An extensive first-pass exploration program carried out at Silver Lime in 2021 defined a 3,700- by 1,800-meter area of high-grade carbonate replacement and skarn mineralization within a broad 6.6-kilometer (4.1 miles) mineralized corridor of conductive anomalies that appear to be interconnected at depth by vertical conductive features.
SLM22-001, the first hole of Core's maiden drill program, cut 1.25 meters averaging 215 grams per metric ton silver, 9.9% zinc, 8.9% lead, and 0.36% copper at Jackie, a distal carbonate replacement deposit target about 2,700 meters northeast of the main porphyry target area at Silver Lime.
Falcon is a historical vein-hosted gold-silver occurrence about 950 meters north of Jackie.
Outcrop grab and chip sampling previously carried out at Falcon identified two northwest-trending quartz veins. A 2.2-meter channel sample from this outcrop averaged 3.67 g/t gold, 2,641 g/t silver, 0.15% copper, 3.32% zinc, 2.5% lead, 5.78% arsenic, and 2.56% tin.
This vein system was originally traced for 25 meters along strike and remains open under talus cover. Smaller veins of similar composition were identified to the northwest.
Core says its 2022 prospecting and sampling extended the footprint of vein-hosted gold-silver mineralization at Falcon Target by 170 meters. Quartz veins sampled at the Falcon Extension last year returned grades as high as 19.5 g/t gold and 33 g/t silver.
"Adding the presence of elevated vein-hosted gold and silver to the Silver Lime portfolio significantly increases our property's metal endowment potential and exploration optionality," said Rodway. "We are excited to continue to develop and test these high-grade targets in 2023."
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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