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Collective Metals Discusses Geological Potential of its Princeton Copper Project
VANCOUVER, British Columbia, Aug. 01, 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. 01, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to discuss the interpreted exposure level of its Princeton Project in southwest Princeton, British Columbia (the “Flagship Project” or the “Project”). The Project and its surrounding area boast a wealth of mineralized occurrences, documented as MINFILE occurrences in the provincial Assessment Report Index System. Many of these MINFILE occurrences document Gold and/or Platinum ± Palladium recovered in placer operations, potentially indicating the presence of alkalic Copper-Gold porphyry occurrences, the target of interest on the Project property. East of the Project, the Copper Mountain Intrusive Complex (“CMIS”) was intruded into Nicola Group host rocks. The CMIS consists of the zoned Copper Mountain Stock and the dioritic Voigt Stock, subsequently crosscut by the multiphase Lost Horse dykes of which the last two phases are associated with mineralization. Subsequent intrusion of the unmineralized Verde Stock and the Mine Dykes complete the simplified geology of the CMIS. Christopher Huggins, Chief Executive Officer of Collective Metals, commented, “The mineralization and geological setting at the Copper Mountain Mine is very well understood. This allows Collective to focus our efforts quickly on prospective areas that have similar geological structures and lithologies. Using this information, the team can begin testing with soil and rock samples this year so that we have an opportunity to begin drilling a number of targets in 2024.” The Princeton Project, located approximately 10 km west of the Copper Mountain Intrusive Complex, shares remarkable similarities with its counterpart. The Whipsaw target on the Princeton Project showcases comparably small diorite intrusions hosting intimately associated pyroxenite intrusions, reminiscent of the diorite phase observed in the Copper Mountain Stock. Initially concealed by unmineralized Princeton Group rocks, glacial activity subsequently exposed a significant portion of the Nicola Group rocks and their associated intrusions on the Project, although to a lesser extent than in the Copper Mountain camp. Figure 1 – Schematic representation comparing interpreted levels of exposure of the Copper Mountain Intrusive Complex (east o...