Collective Metals Provides Review of Fourteen Mile Target Area on its Princeton Property, B.C.

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.

The Fourteen Mile and Fifteen Mile areas have been previously established as porphyry targets based on favourable geology, magnetic anomalies, mapped alteration, weak mineralization, and anomalous pathfinder geochemistry in rocks and silt samples.^{1, 2} The Company’s 2023 soil sampling program included three grids in the area (i.e., Fourteen-, Fifteen-, and Sixteen-Mile Creek grids) each of which yielded multi-element, pathfinder element geochemical anomalies in B-Horizon soils (please see Figure 1). Rocks collected in the area (n=21) are variably enriched in pathfinder elements (e.g. arsenic, bismuth, cobalt), yielding up to 0.16 ppm Ag and 155.5 ppm Cu, with both highly elevated Ca (≤15.3%) and Fe (≤7.01%), consistent with interpreted iron carbonate – silica alteration characteristic of the area.²