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Collective Metals Reports Positive Assay Results from Flagship Princeton Copper Project
VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pl
About this update from Collective Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce that it has received assay results from its initial Rock Sampling Program (the “Program”) that was completed as part of its due diligence evaluation of the Princeton Copper Project (the “Project”) in Spring of 2023. The Program emphasized locating, examining, and, in most cases, sampling exposures, roadcuts, caved trenches or outcrops associated with previously identified copper mineral occurrences. Most of the occurrences that were examined are located adjacent to logging roads and were accessed by truck. Several traverses were undertaken to access historic copper mineral showings at Lamont Ridge – Wilmac and Trojan occurrences. Highlights Three samples that were collected from outcrop samples returned copper grades that range from 0.3% to 0.5%. The highest-grade sample was taken from the Trojan copper showing that occurs within the Trojan – Condor Corridor (Figures 1 to 3). Nineteen samples collected during the 2023 program contain anomalous Copper with assay results that returned more than 100 ppm (Figures 2 and 3). Field observations and geochemical analysis of the 2023 results confirm presence of altered diorites that are known to host copper mineralization in the Copper Mountain Mine. The Company’s 2023 field exploration program is progressing well with results of reconnaissance soil sampling program expected in the coming weeks. Christopher Huggins, Chief Executive Officer of Collective, commented, “One of the difficulties hindering evaluation of copper mineralization on the Property is the lack of bedrock outcrops. Despite this, assay results from the minimal rock outcrops that are available in the Property are comparable to head grades of copper mines in British Columbia. We are very happy with these results that provide valuable insights into the geology of the Property.” Figure 1 – Map showing location of the Project. Figure 2 – Map showing copper results from the 2023 outcrop samples in the northern half of the Project. Figure 3 – Map showing copper results from the 2023 outcrop samples in the southern half of the Project. Princeton Copper Project The Company’s flagship Project is easily accessible by road and is located immediatel...