Core Silver starts drilling at Atlin projects

Executive Summary

• Core Silver Corp. announces the commencement of drilling at its Laverdiere copper project and Silver Lime polymetallic project within the Blue property in the Atlin mining district, British Columbia.
• The release summarizes high-grade historical and recent assay results from both projects, highlighting significant silver, copper, lead, and zinc intercepts, particularly at the Silver Lime project's Grizzly, Gally, Pete's, and Jackie targets.
• The company confirms it is fully financed for its 2025 exploration program and plans to focus initial drilling efforts on the Valley zone at Laverdiere while continuing work at Silver Lime.

Key Details

• Laverdiere Project (Copper):
  • Status: Drilling has commenced; first target is the Valley zone.
  • 2022 Drilling Highlights (Main Zone):
    • LAV22-001 (French Adit): 267.05 m of 0.21% CuEq, including 48.54 m of 1.02% CuEq from 31.46 m.
    • LAV22-006 (North Adit): 107.38 m of 0.31% CuEq from 144.62 m.
    • LAV22-002 (French Adit): 223 m of 0.20% CuEq, including 54 m of 0.31% CuEq and 24.42 m of 0.50% CuEq.
    • LAV22-005 (South Adit): 83.22 m of 0.27% CuEq from 6.9 m.
  • Valley Zone: Surface sampling returned up to 3.24% Cu, 82 g/t Ag, 0.56 g/t Au, and 0.053% Mo. Mineralized porphyry veins show increasing grade toward the Valley fault.
• Silver Lime Project (Polymetallic: Zn-Ag-Pb-Cu):
  • Grizzly Target: SLM22-011 intersected 1.16 m of 1,145 g/t Ag, 23.2% Pb, 23.5% Zn, 0.52% Cu (within 5.64 m of 254 g/t Ag).
  • Gally Target: SLM23-048 returned 8.0 m of 39 g/t Ag, 3.5% Pb+Zn, 0.18% Cu from surface, including 1.3 m of 845 g/t Ag, 31.3% Pb+Zn, 1.10% Cu.
  • Pete's Target: SLM23-028 returned 6.4 m of 159 g/t Ag, 8.7% Pb, 7.7% Zn, 0.23% Cu from 27.43 m.
  • Whaleback Skarn (Sulphide City): SLM24-060 intersected 11.78 m of 10.6% Zn, 0.36% Cu, 16 g/t Ag from surface. SLM24-061 intersected 39.9 m of 2.5% Zn, 0.13% Cu, 5.1 g/t Ag including 10.5 m of 7.8% Zn.
  • Jackie Target:
    • SLM22-001: 21.65 m of 23 g/t Ag, 1.0% Zn, 1.2% Pb, 0.08% Cu, including 1.25 m of 215 g/t Ag.
    • SLM23-042: 4.55 m of 116 g/t Ag, 11.7% Pb+Zn, 0.41% Cu, including 1.10 m of 215 g/t Ag.
    • SLM23-038: 2.20 m of 187 g/t Ag, 23.9% Pb+Zn, 0.53% Cu from 17.05 m.
    • Historic surface samples up to 4,870 g/t Ag.
    • 2024 surface sampling returned 216 g/t Ag, 12% Pb, 115 ppm Te, 10.8 ppm Ga.
  • Other Targets:
    • North Gold: Sheet quartz-arsenopyrite veins up to 1.74 g/t Au and 111 g/t Ag.
    • Amp, Falcon, Pike Valley: Veins grading up to 931 g/t Ag, 1.17 g/t Au (Amp); 975 g/t Ag, 6.75 g/t Au (Falcon); 260 g/t Ag, 6.5% Pb (Pike Valley).
• Technical Notes:
  • CuEq calculations use metal prices of Au $1,775/oz, Ag $20/oz, and Cu $3.50/lb.
  • All values reported in Canadian dollars; metal recoveries not considered.
  • Qualified Person: Nicholas Rodway, PGeo.

Notable Quotes

• "We are well-funded and pleased to share an overview of the progress we've made over the past few years at both the Laverdiere and Silver Lime projects. The drill is now turning and focused on expanding the mineralization footprint of these two projects." — Nick Rodway, President and CEO