Core Assets Corp (OTCMKTS:CCOOF) is moving in a range after announcing interpretations and findings of petrographic examination finalized in 17 collected samples in a 6.6 by 1.8 km mineralized strip at the Blue Property in the 2021 second phase exploration program.
Trading Data
On Tuesday, CCOOF stock ended flat at $0.18 with more than 5K shares traded, compared to its average volume of 400 shares. The stock has moved within a range of $0.1800 – 0.1800 after opening trading at $0.18.
Core Assets Petrographic Analysis Indicates Large Multi-Stage Zn-Pb-Ag-Cu-Bi Carbonate Replacement System at the Blue Property; Atlin, BC
Also, the company has commenced drill tendering at the property for its 2022 exploration season. Interestingly the core assets at the property continue to tick boxes, indicating the presence of a large, multiphase Carbonate Replacement System. In addition, considerable sulfide intergrowths, replacement textures, and composition witnessed across Petrography at the Amp, Grizzly, Sulphide City, and Jackie targets demonstrates zonation pattern features if a considerable Zn-Pb-AG-Cu-Bi Carbonate Replacement Deposits which will assist vectoring to the Porphyry source.
Also, reflected light and electron microscopy scanning has shown the system’s mineralogy being hosted in Chalcopyrite (Cu), Sphalerite (Zn), Pyrite (Fe-Sulphides), Galen (Pb), and Pyrrhotite. The company has commenced drilling tendering for the 2022 exploration season. So in the coming weeks, CCOOF is worth watching.
Key Quote
Core Assets’ President and CEO Nick Rodway comments, “The recent petrography results further confirm our field observations and the fact that this system is unique for British Columbia’s Stikine Terrane. The presence of a wide compositional range of volcanic and plutonic rocks spanning from Devonian to Eocene in age, and vast amount of favourable limestone beds observed on the Property, suggest the potential for the discovery of an extensive CRD that could produce many millions of tonnes of mineralized material. We eagerly await the final geophysical and channel sampling assay results which should be released in early 2022.”
