Shares of Core Assets Corp (OTCMKTS:CCOOF) have been trading within a narrow range over the past week.
Market Reaction
On Tuesday, CCOOF stock ended flat at $0.18 with more than 5K shares, compared to its average volume of 404 shares. The stock has moved within a range of $0.1800 – 0.1800 after opening trade at $0.18.
Large Multi-Stage Zn-Pb-Ag-Cu-Bi Carbonate Replacement System Indicated at Blue Property, as per Core Assets Petrographic Findings
Core Assets Corp (OTCMKTS:CCOOF). has announced their findings and interpretations of petrographic examinations completed on 17 samples collected within the 6.6 x 1.8 kilometer mineralized trend at the Blue Property during the 2021 Phase 2 exploration program.
As of now, the presence of a large, multi-stage, world class Carbonate Replacement System at the Blue Property is strongly indicated, as per the company’s geological approach. Through petrography at the Grizzly, Amp, Jackie, and Sulphide City, enormous sulphide composition, intergrowths, and replacement textures have been observed. It clearly shows a zonation pattern characteristic of significant world class Zn-Pb-Ag-Cu-Bi Carbonate Replacement Deposits (CRD’s).
The above findings will be of immense help in vectoring toward the Porphyry source. Presence of Fe-rich Sphalerite and local fugitive calcite has been found in samples surrounding the “Porphyry Hub”, which could mean close proximity to the source too.
Core Assets’ President and CEO Nick Rodway states the latest results lay more emphasis on field observations about the system being very unique for British Columbia’s Stikine Terrane. Wide compositional range of volcanic and plutonic rocks spanning from Devonian to Eocene in age, and vast amount of favorable limestone beds observed on the Property, indicate stellar potential for discovery of CRD. Thus, there could be production of several millions of tons of mineralized material. Drill tendering for 2022 exploration system is well underway.
