Core Assets Corp.
announced channel sample results from five outcropping carbonate
replacement massive sulphide occurrences at the Jackie Target, part of the 6.6km long by 1.8km wide
Silver Lime carbonate replacement deposit (CRD) prospect within the Company's 100% controlled Blue
Property (the Property), in the Atlin Mining District of British Columbia. Sawn channel samples were
collected as part of Core Assets' 2021 maiden field campaign at Silver Lime. Additional 2021 channel
sampling results from the nearby Grizzly Discovery Zone and Sulphide City Target are expected to return
in February 2022. Highlights: All channel samples were collected from zones of CRD massive sulphide mineralization. Unlike
vein-hosted deposits, CRDs typically manifest as continuous deposits of interconnected bedding
parallel sulphide replacement deposits called mantos and crosscutting structurally controlled
sulphide pipes called chimneys. The scale of CRD systems can potentially extend for multi-
kilometres around their source, typically a causative mineralized porphyry system. The Silver
Lime prospect demonstrates such scale; As a first pass attempt to evaluate the grade of replacement sulphide mineralization at Jackie,
five sulphide bodies, all outcropping within an area measuring 400 x 380 meters, were channel
sampled at an average sample interval of 0.5m. All five sulphide bodies yielded high-
grade base metal-silver results including: 486g/t Ag, 0.36% Cu, 9.4% Pb, and 13.0% Zn over 1.4m including 1,080g/t Ag, 0.36% Cu,
>20% Pb, and 13.2% Zn over 0.5m in channel CH21-14; 336g/t Ag, 0.26% Cu, 7.9% Pb, and 9.5% Zn over 1.25m including 851g/t Ag, 0.29% Cu,
>20% Pb, and 9.7% Zn over 0.35m in channel CH21-11; 284g/t Ag, 0.57% Cu, 12.3% Pb, and 11.1% Zn over 2.5m including 383g/t Ag, 0.82% Cu,
16.6% Pb, and 10.3% Zn over 1.5m in channel CH21-13; 200g/t Ag, 0.24% Cu, 6.6% Pb, and 13.5% Zn over 1.5m including 516g/t Ag, 0.10% Cu,
18.6% Pb, and 17.0% Zn over 0.5m in channel CH21-12; 29g/t Ag, 0.20% Cu, 1.3% Pb, and 11.4% Zn over 3.8m in channel CH21-15; Of the 22 channel samples collected, 12 samples assayed greater than 100g/t Ag, 16 greater
than 0.20% Cu, 14 greater than 1.0% Pb, and all channel samples collected assayed greater than
5.0% Zn; and Remaining 2021 channel sampling results from the Grizzly Discovery Zone and Sulphide City,
both CRD targets nearby Jackie, are expected to be released in February 2022.