Core Assets Corp. announced assay results from the 2023 maiden drilling campaign at the Gally CRD Target, part of the Silver Lime CRD-Porphyry Project, central Blue Property, Atlin Mining District of NW British Columbia. Highlights: Gally drilling has successfully intersected extremely high-grade at/near surface Ag-Pb-Zn-Cu mineralization over appreciable widths in 10 holes defining the >2.4km mineralized trend (Gally-Sulphide City-Pete's Trend) from surface to depth.

The high-resolution 3D DCIP/resistivity geophysical survey conducted over the drilled >2.4km trendis now complete. The combination of results from oriented step-out drilling and the IP survey will assist with modelling the geometry of the porphyry-skarn-CRD mineralized system along this trend and aid in continued drilling. Highlighted Drill Intercepts: SLM23-048 intersected 8.00m of 139g/t Ag, 3.5% Pb+Zn, and 0.18% Cufrom surface, including 1.30m of 845g/t Ag, 31.3% Pb+Zn, and 1.10% Cu, including 0.50m of 1,030g/t Ag, 32.4% Pb+Zn, and 1.16% Cu.

SLM23-046 intersected 10.00m of 75g/t Ag, 2.8% Pb+Zn, and 0.23% Cu from 3.00m depth, including 0.50m of 652g/t Ag, 16.3% Pb+Zn, and 3.13% Cu. SLM23-049 intersected 4.50m of 111g/t Ag, 4.0% Pb+Zn, and 0.12% Cu from 3.40m depth, including 0.60m of 649g/t Ag, 22.9% Pb+Zn, and 0.71% Cu. SLM23-047 intersected 4.25m of 94g/t Ag, 3.7% Pb+Zn, and 0.38% Cu from 15.00m depth, including 0.60m of 340g/t Ag, 11.5% Pb+Zn, and 0.29% Cu.

SLM23-045 intersected 2.00m of 170g/t Ag, 3.7% Pb+Zn, and 0.15% Cu from surface, including 0.40m of 842g/t Ag, 17.5% Pb+Zn, and 0.72% Cu. Final assays for the Jackie and Grizzly Targets are pending and final data for the Dias 3D IP survey is currently being processed. In 2023, 697.70 meters of shallow, exploratory diamond drilling was completed at the Gally CRD Target.

The drill was positioned approximately 325 meters south-southwest of 2022 Sulphide City drilling above an exposed, 35-meter-long high-grade Ag-Zn-Pb-Cu carbonate replacement bleeder hosted in coarse-grained marble. Feathery galena (Ag > Pb) grains, as well as extremely coarse-grained sphalerite (Zn) and chalcopyrite (Cu) were observed in almost every hole (Figure 2). A series of mineralized and boudinaged felsic dykes swarm the subsurface and are believed to be the key to following and targeting high-grade Ag-Zn-Pb-Cu mineralized zones at depth and south of the current Gally CRD Target.