High-Grade Ag-Pb-Zn at Core Assets Silver Lime 6.4 Metres of 159g/t Ag (5.1 oz/t), 16.4% Pb + Zn & 0.23% Cu - Part of a 2.4km Trend

Click Here for Video News Release by CEO Nick Rodway

VANCOUVER, BC / ACCESSWIRE / August 22, 2023 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTC.QB:CCOOF) is pleased to present assays from the first-ever drilling program at Pete's CRD Target ("Pete's Target" or "Pete's"), part of 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.

Highlights:

• Drilling at Pete's CRD Target has confirmed a new near/at surface CRD discovery consisting of multiple high-grade zones over 10 separate drill holes totaling ~28m and is open in all directions (Figure 1). The drill continues to turn at Silver Lime.
• SLM23-028 intersected 6.40m grading 159g/t Ag, 8.7% Pb, 7.7% Zn, and 0.23% Cu from 27.43m depth, including 0.57m of 301g/t Ag, 11.5% Pb, 10.7% Zn, and 0.31% Cu.
• SLM23-019 intersected 2.12m grading 260g/t Ag, 5.2% Pb, 5.9% Zn, and 0.19% Cu from 34.53m depth, including 0.60m of 472g/t Ag, 6.8% Pb, 8.3% Zn, 0.33% Cu, and 0.12g/t Au.
• SLM23-016 intersected 3.33m of 138g/t Ag, 7.2% Pb, 7.3% Zn, and 0.54% Cu from surface, including 1.25m of 241g/t Ag, 13.4% Pb, 17.0% Zn, and 0.77% Cu.
• SLM23-020 intersected 4.20m of 111g/t Ag, 2.8% Pb, 3.2% Zn, and 0.10% Cu from 32.30m depth, including 1.00m of 296g/t Ag, 7.5% Pb, 9.5% Zn, and 0.25% Cu.

Core Assets' President & CEO Nick Rodway commented, "The purpose of the 2023 drilling is to show how large and high-grade this system really is. Our results prove that the substantial silver, lead, and zinc grades observed at surface continue along trend and with depth. Being able to achieve results such as these this early in our project is a huge success for our team. We can't wait to begin drilling at the Gally CRD Target, which is one of our newest surficial discoveries and contains some of the highest-grade silver (>1,000g/t) sampled at the project to-date. High-grade mineralization at the Gally Target runs for more than 2 kilometers along the same trend as Pete's. We look forward to continuing to provide updates as they become available."

Preliminary assay results from Pete's CRD Target have confirmed the discovery of a new high-grade Pb-Ag-Zn-Cu±Au CRD (carbonate replacement) zone at shallow depths (Table 1). Currently 1,669 meters of diamond drilling (15 holes) has been completed across three drill pad locations, and within a 100-meter step-out. This release represents ~28m of the highest grade (visually) mineralized zones encountered. Drilling was designed to test the down-dip extension of marble-hosted carbonate replacement and skarn mineralization associated with multiple generations of intrusions.

Pete's CRD Target represents an additional Pb-Ag-Zn±Cu-Au discovery at Silver Lime, residing along a 2.4-kilometer-long mineralized trend, that also includes the Sulphide City Porphyry-Skarn and high-grade Gally CRD Target (Figure 2).

Drilling has now begun at the Jackie Target and will be followed by the Gally CRD Target to test the mineralization potential at depth of a recently exposed and continuous carbonate replacement manto (Figures 2 & 3). Surface samples collected from outcropping massive sulphide collected at the Gally CRD Target in 2022 graded up to 1,115g/t Ag.

Geophysical data highlights linear magnetic anomalies that extend from the south of the Silver Lime Project, through the Gally and Grizzly CRD targets, and is locally coincident with the known boundaries of the Sulphide City Mo (-Cu) porphyry and high-grade skarn. Magnetic intrusions and dykes associated with massive Fe-Zn-Cu-rich skarn mineralization are potentially generating this geophysical response. Surficial and down hole assays show a general increase in Ag and Pb grade trending outward from the Sulphide City porphyry and along the edges of the moderate-to-high magnetic anomalies at the Gally, Pete's and Grizzly CRD Targets (Figure 2).