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Core Assets Corp
Symbol CC
Shares Issued 55,709,701
Close 2021-12-01 C$ 0.22
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Core Assets appoints Carne as director

2021-12-01 16:49 ET - News Release

Mr. Nicholas Rodway reports

CORE ASSETS ANNOUNCES BOARD OF DIRECTORS CHANGES

Core Assets Corp. has appointed Andrew Carne to the board of directors.

Mr. Carne earned a bachelor of applied science degree in materials engineering and a master of engineering degree in project and construction management from the University of British Columbia. He is a registered professional engineer with Engineers and Geoscientists BC and has been working in the mineral exploration sector for over 10 years. He has broad experience ranging from fieldwork to permitting, government relations, metallurgical testwork and management of complex engineering studies. Mr. Carne is currently the vice-president of corporate and project development at Atac Resources Ltd. and is the vice-president of the Yukon Chamber of Mines.

Alicia Milne has resigned as a director of the company, effective immediately. The company wishes to thank Ms. Milne for her services and wishes her all the best in her future endeavours.

Core Assets' president and chief executive officer, Nicholas Rodway, commented: "On behalf of myself and the board of directors of Core Assets, we would like to extend our gratitude to Ms. Milne for her support in building the company to what it is today. We are also thrilled to welcome Mr. Carne to the board. His experience in government relations and metallurgical expertise in Northern B.C. and the Yukon will bring immense value to our team as we progress in developing value at our Blue property in Atlin, B.C."

About Core Assets Corp.

Core Assets is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The company currently holds 100-per-cent title ownership in the Blue property, which covers a land area of approximately 108,337 hectares (approximately 1,083 square kilometres). The Blue property is located within the unceded territory of the Taku River Tlingit First Nation in the Atlin mining district, a well-known gold-mining camp in northwestern British Columbia. The Blue property hosts a structural feature known as the Llewellyn fault zone (LFZ). This structural feature: is approximately 140 km in length and extends from the Tally-Ho shear zone in Yukon; continues south through the eastern side of the Blue property to the Tulsequah area; and crosses over into the Alaskan Panhandle Juneau ice sheet in the United States. Management of Core Assets believes that the south Atlin Lake area and the LFZ have been neglected since the last major exploration campaigns in the 1980s. The LFZ plays an important role in mineralization of near-surface metal occurrences across the Blue property and along its entire extent. The past 50 years have seen advancements in the understanding of porphyry, skarn and carbonate-replacement-type deposits, both globally and in British Columbia's Golden Triangle. The company has utilized historical and current information gathered at the Blue property to tailor a proven exploration model for future exploration work on the Blue property. Core Assets' technical team believes there are opportunities for new discoveries, extending known mineralization and further development of the Blue property. Core Assets' objective is to become one of the premier explorers in the Atlin mining district.

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