- Core Assets (CSE:CC) begins drilling at its Silver Lime project in British Columbia
- The program will include 3,500 metres of oriented HQ-sized diamond drilling
- Drilling will focus on extending the zones of high-grade massive sulphide carbonate replacement mineralization down-dip and along strike at the Grizzly, Pete’s and Gally Carbonate Replacement (CRD) targets
- Shares of Core Assets (CC) are down 2.22 per cent to C$0.22 as of 11:18 am ET
Core Assets (CSE:CC) has begun its Phase 1 diamond drilling program at the Silver Lime project in British Columbia.
The company said the program will include 3,500 metres of oriented HQ-sized drilling.
Drilling will primarily focus on extending the zones of high-grade massive sulphide carbonate replacement mineralization down-dip and along strike at the Grizzly, Pete’s and Gally Carbonate Replacement (CRD) targets.
“Combining the knowledge obtained from the 2022 diamond drilling campaign at Silver Lime with the newly interpreted geologic framework has allowed us to plan an exciting Phase I program for 2023,” Nick Rodway, CEO of Core Assets, said in a statement.
Rodway added that other plans the company has for 2023 include continued detailed mapping and prospecting to potentially locate and drill the thickened hinged zone that the company believes sits between the Grizzly and Pete’s CRD targets.
He also said the company will provide drilling updates as they become available.
Located in British Columbia, the Silver Lime project is in carbonate rocks of the Florence Range Metamorphic Suite.
A total of 5,565 metres of diamond drilling was previously done at the property during Core Assets’ inaugural drilling program in 2022.
Core Assets is focused on acquiring and developing mineral projects in British Columbia.
In addition to the Silver Lime project, the company also holds 100 per cent interest in the Blue Poperty along the Atlin Mining District.
Shares of Core Assets (CC) are down 2.22 per cent to C$0.22 as of 11:18 am ET.
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