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Collective Metals Provides Additional Details on Princeton Project in Southeastern British Columbia
North of the Tulameen River, the Project covers the southeastern portion of the Late Triassic - Early Jurassic Boulder Intrusion and extends east covering expos
About this update from Collective Metals Inc
[{"type":"text","content":" North of the Tulameen River, the Project covers the southeastern portion of the Late Triassic - Early Jurassic Boulder Intrusion and extends east covering exposures of Early Cretaceous Summers Creek stocks. Immediately south of the Tulameen River, the Project covers a portion of the Rice Stock, a Late Triassic diorite correlated to the Tulameen Mafic-Ultramafic complex. The intrusions (above) are all hosted by the Late Triassic - Early Jurassic Nicola Group, regionally significant as a host to copper-gold porphyries. Previous work has identified numerous targets areas, with the Coalmont Road Gossan, North Nighthawk Au Target, VMS Target and North Max located north of the Tulameen River; the Findlay, Goat, Bear, Kid, Elk and Deer mineral showings and the LAM MINFILE occurrence to the south. The target areas are characterized by variable chalcopyrite mineralization and propylitic alteration (chlorite, epidote and/or carbonate). Potassic alteration has been identified in target areas south of the Tulameen River. The styles of alteration and mineralization are consistent with Porphyry-style mineralization. VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | FSE: TO1) (the “Company” or “Collective”), is pleased to provide further information with respect to the Princeton Project (the “Project”). The Project is a copper-gold project located in south-central BC covering 70,570 acres west and southwest of the community of Princeton. Furthermore, the Project is located approximately 10 km west of Copper Mountain Mining Corporation’s currently producing Copper Mountain Mine (“Copper Mountain”), which hosts a Proven and Probable Mineral Reserve of 702 Mt of 0.24% Copper. The Project hosts potential for identification of one (or more) copper gold alkalic porphyry occurrences similar in age and deposit type to the Copper Mountain Mine. The Project is divided into two portions, the northern and central-south portions (see Fig. 1). The northern portion is the subject of the remainder of this News Release. It is located west of Princeton, straddling the road between Coalmont / Tulameen and Princeton. Kodiak Copper’s MPD property is approximately 27 km northeast and Sego Resources Miner Mountain property is approximately 8 km east. The predominant feature of interest with respect to the entire ...