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Saturday, Jun 15, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Copper

Collective Metals reveals promising copper findings in Princeton project rock sampling program

The most remarkable discovery was the highest-grade sample extracted from the Trojan copper showing, nestled within the Trojan – Condor Corridor

Collective Metals reveals promising copper findings in Princeton project rock sampling program
Copper mining project. Photo via Collective Metals.

Collective Metals Inc. (CSE: COMT) (OTC: CLLMF) (FSE:TOI) has released the findings of its Rock Sampling Program, which is a crucial component of its assessment of the Princeton Copper Project in British Columbia.

This program, completed in the spring of 2023, focused on locating and examining various geological features associated with known copper mineral occurrences. Collective stock saw an increase of 7.26 per cent to €0.27 on the Frankfurt Stock Exchange.

The study involved sampling outcrops, roadcuts, trenches, and other sites adjacent to logging roads, often accessible by truck. Additionally, several traverses were undertaken to explore historic copper mineral showings at Lamont Ridge – Wilmac and Trojan occurrences.

The analysis of outcrop samples yielded intriguing results, with copper grades spanning from 0.3 per cent to 0.5  per cent. The most remarkable discovery was the highest-grade sample extracted from the Trojan copper showing, nestled within the Trojan – Condor Corridor.

The 2023 program added another layer of excitement with the acquisition of nineteen samples, all of which displayed anomalous copper concentrations, boasting assay results exceeding the 100 ppm threshold.

Further enhancing their prospects, meticulous field observations and a thorough geochemical analysis of the 2023 findings conclusively validate the presence of altered diorites, a geological feature renowned for housing copper mineralization within the Copper Mountain Mine.

The company’s 2023 field exploration program is progressing seamlessly, and the results of the reconnaissance soil sampling program are expected to be unveiled in the coming weeks.

“One of the difficulties hindering evaluation of copper mineralization on the property is the lack of bedrock outcrops,” Collective CEO Christopher Huggins said in a statement.

“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,” Huggins added.

Read more: Copper mining market to reach $11.17B by 2030: Fortune Business Insights

Read more: Rio Tinto and First Quantum Minerals finalize joint venture for La Granja copper project in Peru

The company’s flagship property, known as the Princeton Project, is situated in south-central British Columbia, Canada, just about 10 kilometers west of the currently operational Copper Mountain Mine.

The project encompasses 29 mineral tenures that span an estimated 28,000 hectares (equivalent to 70,500 acres). It’s positioned within a well-documented and highly productive copper-gold porphyry belt, offering accessibility via a nearby road, situated immediately to the west of Highway 3.

Moving on to the Landings Lake Lithium Project, it is located in northwestern Ontario, an area known for its rich lithium deposits containing significant Li2O reserves. This particular project is positioned 53 kilometers to the east of Ear Falls, Ontario, and encompasses an area of 3,146 hectares.

Adjacent to the Landings Lake Project is the Whitemud Project, which boasts multiple identified pegmatite outcrops and is composed of 381 individual mining claims, covering a total area of 7,775 hectares.

 

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