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Core Assets Corp
Symbol CC
Shares Issued 55,709,701
Close 2022-03-03 C$ 0.50
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Core Assets grants options to buy 4.5 million shares

2022-03-03 19:17 ET - News Release

Mr. Nicholas Rodway reports

CORE ASSETS GRANTS INCENTIVE STOCK OPTIONS

Core Assets Corp. has granted incentive stock options to acquire an aggregate of 4.5 million common shares of the company to its directors, officers and consultants under its stock option plan. Each option is exercisable for a period of four years expiring on March 3, 2026, at a price of 50 cents per share, vesting over two years in increments of 25 per cent every six months. The options and the shares issuable upon the exercise of the options held by the optionees are subject to a hold period of four months from the date of grant of the options.

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 a 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 project lies within the Atlin mining district, a gold mining camp located in the unceded territory of the Taku River Tlingit First Nation. The Blue property hosts a structural feature known as the Llewellyn fault zone (LFZ). This structure is approximately 140 kilometres in length and runs from the Tally-Ho shear zone in the Yukon, south through the property to the Alaskan Panhandle Juneau ice sheet in the United States. Core Assets believes that the south Atlin Lake area and the LFZ has 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 property. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn and carbonate replacement-type deposits both globally and in B.C.'s Golden Triangle. The company has leveraged this information at the Blue property to tailor an already proven exploration model and believes this could facilitate a discovery. Core Assets is excited to become one of the Atlin mining district's premier explorers, where its team believes there are substantial opportunities for new discoveries and development in the area.

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