Core Assets Corp. announced work completed during the 2022 exploration program at the Laverdiere Skarn-Porphyry Project, at the Blue Property located in the Atlin Mining District of NW British Columbia. Prospecting and surface sampling at Laverdiere in 2022 extended the trend of exposed Cu-porphyry mineralization along Coboe Creek to 3.9KM south of the North Adit.

Historic and high-grade, Cu-(Mo-Au)-bearing porphyry-style veins were also located in 2022 and graded up to 3.24% Cu, 0.30% Mo, 82g/t Ag, and 0.56g/t Au. These vein sets trend east-west and reside within a large resistive zone coinciding with the extents of the Laverdiere Porphyry. Historically, veining near this location graded up to 2.73% Cu and veins can currently be observed at surface, following the orientations of prominent faults, for up to 2.2KM west-southwest of the South Adit.

Additionally, 14 rock samples were collected along the 850m stretch of high-grade Fe-Cu-Au-Mo skarn mineralization in 2022. Eight of these samples produced grades higher than 1.0% Cu. One rock sample, collected immediately southeast of the South Adit in 2022 returned 4.3% Cu, 31g/t Ag, 0.63% Mo, and 0.13g/t Au.

The Laverdiere Project continues to showcase its value in terms of the Cu-rich porphyry-skarn mineralization that dominates there. The company plan to properly document and sample the impressive porphyry-style Cu-Mo-Au-bearing veins exposed at surface during the 2023 season in preparation for future exploratory drilling. The focus of the 2023 exploration program will be at the Silver Lime CRD-Porphyry Project.

The company look forward to releasing a summary of the 2022 work completed there and outlining plans for the 2023 season in the coming weeks. A total of 1,806 metres of diamond drilling was completed at the Laverdiere skarn Project in 2022. First-pass diamond drilling intersected significant near surface, high-grade Fe-Cu-Au-Mo skarn mineralization associated with a potassically altered porphyry intrusion containing widespread porphyry Cu-Mo-Au mineralization and veining.

Laverdiere Skarn-Porphyry Project 2022 Diamond Drilling Highlights · LAV22-001 - 48.54m of 0.90% Cu, 6g/t Ag, and 0.11g/t Ag from 31.46m, including 0.60m of 5% Cu, 33g/t Ag, and 0.36 g/t Au from 42.15m depth. LAV22-001 - 1.51m of 4.59g/t Au from 163.49m depth in the Llewellyn Fault Zone (LFZ) · LAV22-002 - 223m of 0.11% Cu, 2g/t Ag, and 0.006% Mo from 15.00m depth, including 24.42m of 0.32% Cu. LAV22-006 - 348.65m of 0.010 % Mo from 3.35m depth, including 183m of 0.018% Mo, 11m of 0.092% Mo, 0.13% Cu, and 5g/t Ag, and 5.5m of 0.11% Mo.

LAV22-006 - 107.38m of 0.11% Cu, 0.023% Mo, 0.9g/t Ag, and 0.02g/t Au from 144.62m depth, including 41m of 0.27% Cu, 0.037% Mo, and 2g/t Ag, and 0.05g/t Au, and 0.9m of 5.08% Cu, 23g/t Ag, and 1.25g/t Au from 166.64m depth. The 2023 Exploration Program at the Laverdiere Skarn-Porphyry Project will focus on detailed geological and structural mapping and project-scale geochemical sampling.