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Collective Metals Discusses Geophysical Results for Princeton Copper Project
VANCOUVER, British Columbia, Aug. 10, 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. 10, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to discuss geophysical results acquired by a previous operator and implications for its Princeton Project in southwest British Columbia (the “Flagship Project” or the “Project”). The exploration targets for the Project are multiple Alkalic Cu-Au porphyry associated with Triassic age diorite intrusions similar to that being currently mined at Copper Mountain, located approximately 10 km east which represents the deposit model for the Project. Our exploration model resembles the model used at Kodiak Copper’s MPD property, located approximately 30 km to the north-northeast. Documented mineralized occurrences are present within, and adjacent to, our Project, supported by a wealth of information acquired by previous operators, the BC Geological Survey Branch and Geoscience BC (see News Release dated July 5, 2023). Kodiak Copper has demonstrated the benefit and cost effectiveness of 3D IP surveys in identifying and delineating new subsurface targets associated with their project. A 3D IP survey was completed by the previous operator on the Trojan – Condor Corrido in our current Project area, a comparatively small area in the central portion of the property underlying several showings and the Trojan (092HSE267) and NEV MINFILE (092HSE112) occurrences. Chris Huggins, Chief Executive Officer of Collective, commented, “The results of the Geophysical data provide great insights and allows Collective to compare the Princeton Project’s geophysics to Kodiak’s and Copper Mountain’s. The Company will use this data along with our other programs to develop high priority targets for drilling.” The eastern portion of the survey is concealed by Princeton Group cover, which hinders identification of geophysical anomalies. Despite that, several anomalies were identified (Fig. 1). These results indicate that additional potential targets of interest are present below the Princeton Group cover sequence underlying the east side of the survey area. The most significant features of interest from this limited survey are the highly prominent Bolas and Condor anomalies (Fig. 1 and 2) underlying the west side of the survey area. The very strong Condor geophysical anomaly extends from surf...