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Collective Metals Completes Phase 1 Exploration Program at the Princeton Copper Project
VANCOUVER, British Columbia, July 25, 2024 (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, July 25, 2024 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce the successful completion of Phase 1 2024 exploration activities (the “Program”) at the Company’s Princeton Copper Project (the “Project”) in British Columbia, Canada. Highlights 658 soil samples collected over two high-priority copper targets; Additional soil grid completed over newly-recognized geophysical anomaly; Rock sampling and alteration mapping confirm the highly prospective nature of the Project; and IP survey planned for Phase 2 work. Following the Company’s recent review of the Trojan-Condor target area as well as a review of exploration and deposit models pertinent to the Project (please see news releases dated May 2, 2024 and May 24, 2024), 2024 Phase 1 work was undertaken on two separate priority targets: the 14/15 Mile Creek Zone and the Lamont Ridge-Findlay Trend. Interpretation of Collective’s 2023 soil sampling program, taken together with historical geochemical, lithological, and geophysical results, highlighted these two zones as having high potential to host undiscovered copper porphyry mineralization. Chris Huggins, Chief Executive Officer of Collective, commented, “With results of the 2023 soil sampling program already supporting the Trojan-Condor Corridor as a high priority, drill-ready exploration target, we are excited to explore and advance two additional targets towards this same goal. Alteration mapping completed during the Phase 1 program and visual observations of mineralization in the field appear to support this premise. We are excited to receive and further interpret the geochemical results in preparation for Phase 2 IP surveys.” Princeton Project 2024 Work Program Exploration work was comprised of grid-based soil sampling, prospecting, and alteration mapping at the 14/15 Mile Creek Zone and the Lamont Ridge-Findlay Trend, and recce work was completed at a newly recognized geophysical target south of the Trojan-Condor Trend. The Program aimed to infill and expand upon sparse historical data that outlined significant copper anomalies in highly-prospective Nicola Group rocks, the same host to the prolific Copper Mountain Cu-Au mine located only 10 km to the east. Analytical results for all geochemical samples are pen...