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Collective Metals Announces Results of Phase One Soil Survey from its Flagship Princeton Copper Project
VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pl
About this update from Collective Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce that it has received assay results for soil samples that were collected in “Phase One” of the Company’s two-phase reconnaissance soil sampling program (the “Program”) conducted in summer of 2023 on the Princeton Copper Project (the “Project”). The Program was designed to identify surface geochemical anomalies related to copper mineralization in close proximity to known historic copper mineral showings. Assay results from Phase One samples collected from the southern part of the Project with historic copper showings hosted in a structural corridor (the “Trojan – Condor Corridor”) are highlighted below (Figures 1 to 4). Highlights Phase One samples were collected from a northeast-oriented grid that targeted the Trojan-Condor Corridor where 470 soil samples were primarily taken from the Ah soil horizon (Figures 1 & 2). Two areas with anomalous Copper, Silver, Gold & Tellurium were identified based on assay results of Phase One samples. Modestly high Copper anomalies in these two areas labelled as PA1 and PA2 in Figures 3 and 4 range between 75 to 186 and 35 to 115 ppm respectively. Corresponding enrichments in elements such as Silver, Gold & Tellurium, and the presence of copper mineralization in the Trojan and Nev showings, located within close proximity to PA1 & PA2 indicate the anomalies are likely related to Copper porphyry style mineralization in the Trojan – Condor Corridor (Figures 3 & 4). The Company’s 2023 field exploration program is progressing well with results of the regional reconnaissance Phase Two soil sampling program expected in the coming weeks. Christopher Huggins, Chief Executive Officer of Collective, commented, “We are very happy with results of the Copper porphyry style anomalies in the two areas within the Trojan – Condor Corridor. We look forward to receiving assay results from the additional ten grids which were targeted in untested areas of the Project which were samples earlier this summer. This soil program shows we are able to see beyond the overburden that covers most of the Project and highlights the potential for Copper porphyry mineralization and discovery on the Project.” Figure 1 – Princeton Project:...