Core Assets Corp. presented gold assay results from the Silver Lime CRD-Porphyry Project, central Blue Property, Atlin Mining District of NW British Columbia. Exploration work completed outboard of the Sulphide City Porphyry has uncovered late-stage gold mineralization at Silver Lime.

Significant gold grades have already been observed at the Pete's, Amp, Falcon, and Jackie targets in areas coincident with massive sulphide mineralization - adding to the endowment of high-grade skarn and carbonate replacement targets. Gold mineralization at Silver Lime appears to be hosted in late fugitive calcite veins stemming from steeply dipping fault splays that affect schist, marble, local porphyritic dykes, and zones of massive sulphide. It is interpreted that late gold-bearing fluids utilized the same structural pathways that focused the earlier massive sulphide-bearing ore-fluids, making these newly discovered, steep conduits excellent drill targets for both high-grade massive sulphide and late gold mineralization.

Surface samples with comparable gold and silver grades to those at Silver Lime have also been discovered in massive sulphide and quartz-carbonate veins regionally - 7.7 kilometers to the northwest of the Jackie Target. Pete's & Amp Target Highlights: SLM23-030 intersected 2m of 1.26g/t Au and 13g/t Ag from 7m depth. SLM23-029 intersected 1.64m of 3.46g/t Au and 64g/t Ag from 10.36m depth.

SLM23-028 returned 2m of 0.80g/t Au and 3g/t Ag within 4m of 0.28g/t Au from 6m depth. SLM23-026 intersected 2m of 1.00g/t Au and 6g/t Ag from 13m depth. This gold-bearing zone was also intersected at Drill Pad 2, located 100m west of the holes listed above, and graded up to 0.26g/t Au and 14g/t Ag over narrow intervals.

Gold in quartz-carbonate veinlets with sulphides at the AMP Target, located almost a kilometer southeast of Pete's, grade up to 6.75g/t Au and 931g/t Ag. Gold occurrences at Pete's and Amp are localized along NW-SE trending faults stemming from a larger, >1.2-kilometer-long, gold-bearing fault zone located between the two targets. Jackie & Falcon Target Highlights: SLM22-004 intersected 8m of 0.69g/t Au and 6.5g/t Ag including 2m of 5.42g/t Au and 5.6g/t Ag from 335m.

SLM23-041 (and SLM23-040) intersected multiple Au-bearing zones including 2m of 3.10g/t Au within 10m of 0.32g/t Au from 70m. SLM22-003 returned 1.6m of 0.35g/t Au from 78m depth. This intercept forms an ~200m long gold trend outlined with 2023 drilling (SLM23-040 and 041) along a schist-marble contact.

The two best gold-bearing surface samples collected to-date were discovered at the Falcon and Jackie targets. Historic Sample 89868 (Carmac, 1990) at Jackie graded 21g/t Au, 12g/t Ag, and 15% Zn (+As-Cu-Sb), whereas sample D935063 collected by Core Assets at Falcon in 2022 returned 19.5g/t Au and 33g/t Ag from coarse quartz-carbonate veins measuring up to 2m wide Gold occurrences at Jackie and Falcon are also observed along multiple NW-SE trending faults stemming from a larger, >1.5-kilometer-long fault zone located immediately to the east. Porphyritic dykes proximal to gold-bearing faults appear closely associated with late gold mineralization, as well as earlier massive sulphide carbonate replacement mineralization.

These intrusions locally carry a similar metal (As-Sb-Ba-Tl) signature to other gold-bearing zones sampled at Silver Lime. These gold zones outcrop in clusters over 3.5-kilometer area outboard of the Sulphide City Mo-Cu Porphyry and remain open for exploration in all directions. About the Silver Lime CRD-Porphyry Project: The Silver Lime Project is predominantly hosted in carbonate rocks of the Florence Range Metamorphic Suite (ca.

1150Ma). Target limestone and marble host rocks are intercalated with upper amphibolite grade metapeltic rocks, quartzite, and amphibole-bearing gneiss. The protoliths to the metasedimentary units include continentally derived clastic strata and platform carbonate, whereas the amphibole-bearing gneiss is interpreted as probable basaltic flows, sills, dykes, and tuffaceous units related to early rifting of the ancestral North America continental margin (i.e., Mihalynuk, 1999).

Younger felsic to intermediate intrusive rocks are also widespread within the project area and range from Triassic to Eocene in age. Widespread Eocene magmatic activity was associated with Cordillera-wide, brittle strike-slip faulting. Eocene volcano-plutonic centres in the western Cordillera are known to host porphyry, skarn, and epithermal-type mineralization extending from the Golden Triangle in NW British Columbia to the Tally-Ho Shear Zone in the Yukon (>100 kilometers).

A total of 5,565 metres of exploratory diamond drilling was completed at the Silver Lime CRD-Porphyry Project during the Company's inaugural drilling campaign in 2022. First-pass drilling successfully confirmed the presence of high-grade Ag-Pb-Zn-Cu carbonate replacement (CRD) mineralization at depth, as well as widespread porphyry Mo mineralization and associated mineralized skarn. The explored extent of the Silver Lime CRD-Porphyry Project currently measures 10KM by 9.5KM and boasts an average surficial grade of 83g/t Ag, 0.22% Cu, 1.8% Pb, 3.4% Zn, and 0.16g/t Au (700 samples).

High-grade carbonate replacement mineralization has been observed in folded marble host rocks ranging up to 250-meters-thick. In 2022, Ag-Zn-Pb-Cu-bearing mineralization was intersected near the bottom of Sulphide City hole SLM22-006 near 453 meters depth. Currently, the Silver Lime Project consists of 7 highly prospective targets that span the complete mineralization spectrum from Porphyry Mo-Cu to Fe-Zn-Cu-Ag massive sulphide skarn (Sulphide City) and Ag-Pb-Zn-Cu-Au carbonate replacement mineralization (Gally, Pete's, Grizzly, Jackie), to distal, sediment-hosted Ag-Au bearing quartz veining and Au-bearing base metal sulphide vein occurrences (Amp, Falcon).

Prospecting and surface sampling in 2022 more than doubled the number of exposed, high-grade carbonate replacement massive sulphide targets at Silver Lime that remain open in all directions and at depth.