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Collective Metals Announces 2023 Phase 1 Work Program on Flagship Copper-Gold Princeton Project in Southeastern British Columbia
VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | FSE: TO1) (the “Company” or “Collective”), is pleased to annou
About this update from Collective Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | FSE: TO1) (the “Company” or “Collective”), is pleased to announce initiation of its 2023 Work Program on the Princeton Project (the \"Project\"). The Project is a copper-gold project located in southeastern British Columbia (“BC”) covering 70,570 acres west and is southwest of Princeton, BC. The Project is also approximately 10 km west of Copper Mountain Mining Corporation’s currently producing Copper Mountain Mine (“Copper Mountain”), which hosts a Proven and Probable Mineral Reserve of 702 Mt of 0.24% Copper. The Project hosts potential for identification of one (or more) copper gold alkalic porphyry occurrences similar in age and deposit type to the Copper Mountain Mine. Christopher Huggins, Chief Executive Officer of Collective, commented, “Taking advantage of the full exploration season is a high priority for the Collective team. Field work conducted early in the year will guide further exploration and target generation later this year – including more in-depth work such as LIDAR, airborne and magnetic studies. As we prepare for our drilling program, it is extremely important we leverage as much data as possible to identify and validate targets through multiple data points.” Prime objectives for the initial work program include, but are not limited to the following: Examine and sample the diorite intrusives identified on the property and review correlations proposed with either the Tulameen Mafic-Ultramafic Complex and/or the Copper Mountain Suite (associated with the Copper Mountain Mine). Examine iron carbonate - silica alteration identified as alteration around diorite intrusions in the upper portion of the Fourteen Mile Creek drainage. Recent work on the logging road network has exposed more altered exposures for mapping and sampling. Geological mapping and sampling around the western and southern portion of the prominent, high intensity magnetic anomaly (see News Release dated May 10, 2023), including, but not limited to the Copper Creek area. It is an under explored and highly prospective area on the southern fringe of a magnetic anomaly. Reviewing/relogging initial drill core recovered from the 2015 drill core in the Trojan – Condor Corridor. Field personnel will be mobilizing to the Project later this month to ini...