Core Assets Corp. announced surficial assay results from the Gally Target (Gally) a new carbonate replacement (CRD) discovery located 325m southeast of the Sulphide City Target at the Silver Lime CRD-Porphyry Project (Silver Lime), north-central Blue Property (Blue); Atlin Mining District of NW British Columbia. In 2022, prospecting work uncovered the Gally Target a Silver-Zinc-Lead-Copper (Ag-Zn-Pb-Cu)-rich carbonate replacement occurrence located southeast of the Sulphide City target and 485m west of the high-grade Grizzly CRD Target.

At this new discovery, two Ag-Zn-Pb -Cu rich, massive to semi-massive carbonate replacement zones are mainly concentrated near the contacts between limestone and an extensive intermediate dyke. Zone 1 can be traced consistently for 93m at surface, grading up to 446g/t Ag, 1.25% Cu and 23.3% Zn+Pb. Zone 2 extends for 50m along strike and boasts the third highest grade surface sample collected by the Company to-date grading up to 1,115g/t Ag, 1.,09% Cu and 24.4% Zn+Pb (Figures 1, 2).

Both zones remain open under local scree cover following the trend of the limestone host rocks. Rock samples collected from the Silver Lime CRD- Porphyry Project in 2022 were bagged, tagged, and labelled prior to being shipped by ground to the ALS Preparation Facility in Whitehorse, YT where they were finely crushed and pulverized to 85% (<75 microns). Samples were then shipped to ALS Geochemistry in North Vancouver, BC where they were analysed for gold by fire assay with an AA finish.

Over limits for Ag, Pb, Cu, Zn, and additional elements were analysed using four acid digestion with an ICP-AES finish.