Collective Metals Inc C.COMT

Alternate Symbol(s): CLLMF

Collective Metals Inc. is a resource exploration company. The Company is specialized in precious metals exploration in the North America. The Company’s flagship property is the Princeton Project, located in south-central British Columbia, Canada, approximately 10 km west of the Copper Mountain Mine. The Princeton Project consists of 29 mineral tenures totaling approximately 28,560 ha. The Company’s Landings Lake Lithium Project is located in northwestern Ontario where numerous lithium deposits have been delineated to host reserves of lithium oxide (Li2O). The Landings Lake Lithium Project is located 53 km east of Ear Falls, Ontario and covers 3,146 hectares. The Whitemud Project, with several identified pegmatite outcrops, neighbors the Landings Lake Project and consists of 381 single cell mining claims totaling 7,775 hectares.

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Collective Metals Inc

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Post by Betteryear2on Mar 15, 2024 8:10am

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Post# 35934430

Provides Review of Fourteen Mile Target Area C.COMT

Highlights

Results from the 2023 Phase II B-horizon soil-sampling program confirm multi-element pathfinder element geochemical anomalies at Fourteen and Fifteen Mile targets;
Results confirm an approximately 5-km-long trend of scattered exposures of porphyry-style alteration, geophysical signatures, and geochemistry overlying Nicola Group volcanics;
The results are spatially associated with both a very well-developed iron carbonate-silica alteration anomaly (1.33 km2 in size) and a small diorite intrusion at the north end (the Fourteen Mile target); and
Company has applied for a Mines Act permit to conduct ground-based Induced Polarization “IP” surveys in 2024 to generate drill targets on Fourteen Mile target and three other secondary targets.

VANCOUVER, British Columbia, March 15, 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 the Fourteen and Fifteen Mile target areas in its flagship Princeton Project in south-central B.C. (the “Project”). 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 (Figure 1). Results from a soil geochemical survey completed in 2023 are interpreted to confirm the mineral potential of the Fourteen and Fifteen Mile target areas as one of five (5) promising prospects with favourable geology, geophysical signatures, and/or historic geochemistry (please see News Release dated January 8, 2024). The Trojan-Condor Corridor, which hosts significant chargeability anomalies identified in a previous Induced Polarization (“IP”) survey,1 is considered a drill-ready target. The Company plans to conduct IP surveys over the other four target areas, including the Fourteen Mile target, in 2024.

Collective Metals Provides Review of Fourteen Mile Target (globenewswire.com)