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Collective Metals Finds High Priority Targets at Lamont Ridge-Findlay Target on Princeton Property
Highlights Results from 2023 Phase II soil-sampling program identified multiple porphyry-style Cu-Mo-Au soil anomalies at Lamont Ridge Results interpreted to su
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[{"type":"text","content":" Highlights Results from 2023 Phase II soil-sampling program identified multiple porphyry-style Cu-Mo-Au soil anomalies at Lamont Ridge Results interpreted to support a > 5 km trend of scattered porphyry-style alteration, geophysical signatures, and geochemistry within Nicola Group volcanics associated small diorite intrusions Company has submitted a Notice of Work application necessary for multiple ground-based Induced Polarization (“IP”) surveys in 2024 to generate additional drill targets VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to provide a review of the Lamont Ridge target area in its flagship Princeton Project (the “Project” or the “Property”), in south-central B.C. The Property hosts several alkalic Cu-Au porphyry targets associated with Triassic diorite intrusions analogous to those associated with the currently producing Copper Mountain Mine, located approximately 10 km east of the Project. While the Trojan-Condor Corridor remains the highest priority target area, results from Phase II of the Company’s two-phase soil geochemical survey (the “Program”), completed in 2023, confirmed four (4) promising prospects (see News Release dated January 8, 2024) with favourable geology, geophysical signatures, and/or historic geochemistry. The Lamont Ridge area was previously recognized as a high-priority porphyry target on the basis of favourable geology, strongly anomalous ore and pathfinder elements from rock samples, potassic alteration (inferred from low Th:K ratios in radiometric data), and erratic propylitic-style alteration and, to a lesser degree, mineralization.1,2 Analytical results from soil sampling in 2023 are interpreted to have further delineated porphyry-style Cu-Au-Mo geochemical anomalies in B-Horizon soils overlying Lamont Ridge, including 8 samples from the Lamont Ridge (LAM) and Findlay soil grids yielding >100 – 335 ppm Cu. Furthermore, one sample returned 1.89 g/t Au from the Lamont Ridge grid. In addition, historical placer gold production, reported further downstream in Lamont Creek in the early 1900s, supports the metal endowment documented in the area.3 Chris Huggins, Chief Executive Officer of Collective, commented, “The results of the 2023 soil sampling program and ...