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New Listing: Core Assets Corp. (CSE:CC)

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The company has an option to acquire from Zimtu Capital, a 100% interest in the Blue Property, which is located approximately 48 kilometers southeast of Atlin, British Columbia.

Additional Information:

Company: Core Assets Corp.
Website: http://www.CoreAssetsCorp.com
Stock Symbol: CSE: CC
Date Published: Jul 29, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Core Assets Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “CC”.

The company has an option to acquire from Zimtu Capital, a 100% interest in the Blue Property, which is located approximately 48 kilometers southeast of Atlin, British Columbia.

Conditions of the agreement require Core Assets to pay Zimtu Capital $100,000 and issue 3,000,000 common shares over a three year period, with the property subject to a 2% NSR.

The Blue Property is comprised of two contiguous mineral claims covering an area of 1,126 hectares.

As you can see in this table, exploration on the Blue Property started back in 1899.

According to the company’s non-offering prospectus, Zimtu undertook a reconnaissance program of the Blue Property in September 2018.

A total of 28 rock samples were collected, from outcrop, and the historic French and North adits.

Zimtu’s program returned results of up to 1.56 grams per tonne gold, 43.3 grams per tonne silver, and 8.46% copper in the French adit area, with samples from the North adit area assayed up to 1.57 grams per ton gold, 46.5 grams per ton silver, and 1.86% copper.

Zimtu’s 2018 exploration program confirmed the copper, silver, and gold mineralization potential of the Blue Property.

The 2019 resistivity/induced polarization, geophysical survey successfully confirmed the ability to detect skarn mineralization at depth based on the known surface extents and historic drill logs.

The shares are trading at $0.20.

For more information, please visit the company’s website www.CoreAssetsCorp.com, contact Dave Hodge, President and CEO, at 604-681-1568 or by email at info@CoreAssetsCorp.com.

I’m Megan Edwards for Investmentpitch Media