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Collective Metals Discusses Whipsaw Property and other Mineral Occurrences and their Significance to the Princeton Project
HIGHLIGHTS Many mineral occurrences have geological characteristics similar to the adjacent Copper Mountain Mine currently in production. Previous work identifi
About this update from Collective Metals Inc
[{"type":"text","content":" HIGHLIGHTS Many mineral occurrences have geological characteristics similar to the adjacent Copper Mountain Mine currently in production. Previous work identified copper, gold, silver, zinc and lead, many of which are interpreted to represent porphyry related copper-gold mineralization. Alkalic porphyry Cu-Au mineral occurrences have been identified, having porphyry-style characteristics similar to the Copper Mountain orebodies. VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) interprets the Whipsaw Property, west of, and immediately adjacent to, the south Princeton Project (“Project”) as being significant to further evaluation of the Project and its mineral potential. Work completed on the Whipsaw Property has, to date, identified copper, gold, silver, zinc and lead mineralization related to the Whipsaw porphyry stock, comprising primarily porphyry related copper-gold mineralization. Christopher Huggins, Chief Executive Officer of Collective, commented, “There is strong support for additional opportunities for exploration and discovery in this area of our Project. There is potential for the mineralized halo from the Eocene Whipsaw porphyry to the west; and late Triassic porphyry alteration and mineralization on the eastern edge close to Copper Mountain to extend onto the Property. The MINFILE occurrences discussed here show the untapped potential of this Project for multiple, unique mineralization centres.” Copper, molybdenum and gold mineralization occurs mainly in the Nicola Group rocks, associated with the contact of the Whipsaw Porphyry. Mineralized occurrences containing gold, silver, zinc, and lead in pyrite-bearing quartz veins and in wallrock adjacent to the veins have been identified in historical drill holes. These holes, drilled based on geophysics and geochemistry correlated with geology, have returned significant intervals of 0.2% to 0.3% Cu mineralization with some molybdenum. Of the twelve separate and distinct MINFILE occurrences identified on the Whipsaw property, two, the Whipsaw (092HSE102) and Whipsaw - South Zone (092HSE265), are interpreted to document porphyry-style mineralization. MINFILE occurrences in the adjacent host Nicola Group rocks include hydrothermal vein hosted mineralization in...