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Collective Metals Provides Review of Trojan-Condor Target Area on its Princeton Copper Project in B.C.
Highlights Results of the 2023 soil sampling program, taken together with previous geochemical and geophysical results1, are interpreted to support the Trojan-C
About this update from Collective Metals Inc
[{"type":"text","content":" Highlights Results of the 2023 soil sampling program, taken together with previous geochemical and geophysical results1, are interpreted to support the Trojan-Condor Corridor as a high priority, drill ready exploration target. VANCOUVER, British Columbia, May 02, 2024 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to provide a review of results from Ah and B horizon soil samples taken from the Trojan-Condor target areas in its flagship Princeton Project in south-central B.C. (the “Project” or the “Property”). 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, which lies approximately 10 km to the east. Results from two soil geochemical surveys completed in 2023 are interpreted to confirm the mineral potential of the Trojan-Condor target area as one of five (5) promising prospects with favourable geology, geophysical signatures, and/or historic geochemistry (please see the Company’s News Release dated January 8, 2024). The Trojan-Condor Corridor, which hosts significant chargeability anomalies identified in a previous Induced Polarization (“IP”) survey1, is considered a drill-ready target. Chris Huggins, Chief Executive Officer of Collective, commented, “Integration of 2023 geochemical results and reprocessed geophysical data with historic geochemical and geological work on the Property has helped us identify and prioritize our current exploration targets. The well documented mineral endowment and large size of the Property provides significant opportunity for discovery. We look forward to advancing exploration on several secondary targets, including the Lamont Ridge and Fourteen Mile Creek areas, using 3D IP in 2024, in tandem with drilling our primary Trojan-Condor target area.” A total of 483 Ah horizon soil samples and 166 B horizon soils were collected as part of Phase I (Trojan-Condor Corridor) and Phase II (infill sampling on Trojan-Condor Corridor and multiple grids elsewhere on the Property) (the “Programs”). Samples were analyzed using predominantly analytical package AuME-TL43, with a subordinate proportion using ME-MS41. Both use an Aqua Regia digestion, differing only by the inclusion of a gold analysis...