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Collective Metals Commences Phase Two Exploration Program for Princeton Copper Project
VANCOUVER, British Columbia, Aug. 23, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is ple
About this update from Collective Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 23, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce commencement of their Phase Two Exploration Program (the “Program”) on its Princeton Copper Project (the “Project”). This Program is a regional reconnaissance soil program designed to evaluate 11 previously untested priority target areas across the Project. The smaller soil grids are intended as initial reconnaissance surveys, characterized by relatively widely spaced lines and a 75 m station interval. Anomalous results will be followed up with infill lines as required. Geochemical results from the soil grids are intended to further evaluate previously identified anomalies and complement existing data available for the Property, including surface geochemistry (i.e., silts, soils and/or rocks), radiolithic, magnetic and/or 3D Induced Polarization surveys (see News Release dated August 10, 2023). The Company’s objective for these broad regional survey grids is to identify additional copper porphyry targets for further exploration and delineation in the coming months. The Program will consist of approximately 900 Ah or B horizon soil samples collected across eleven target areas identified as high priority areas. Anomalous results returned from the Phase I soil survey in the Trojan – Condor Corridor will be further developed through addition of infill lines (to reduce line spacing) and extending previous soil lines northeast in the Condor area and farther southwest from the Trojan area. Other comparatively smaller soil grids will cover: areas of anomalous alteration identified at surface (i.e., Fourteen Mile Creek), Triassic age intrusions exposed at surface (i.e., Mount Pike Suite, Lamont Ridge, Goat and Findlay showings), Anomalous soils previously collected (i.e., Fifteen Mile Creek), and intrusions with spatially associated strong magnetic signatures. The exploration target for the Project are multiple interpreted Alkalic Cu-Au porphyry occurrences associated with Triassic age diorite intrusions similar to that currently being mined at Copper Mountain, located approximately 10 km east, which represents the deposit model for the Project. Figure 1 – Locations of additional soil survey grids in the Project area. Triassic diorite intrusions are indicated in ...