Collective Metals finds High Priority Targets at the Lamont Ridge-Findlay Target on its Princeton Property

Highlights

• Results from 2023 Phase II soil-sampling program identified multiple porphyry-style Cu-Mo-Au soil anomalies at Lamont Ridge
• Results interpreted to support a > 5 km trend of scattered porphyry-style alteration, geophysical signatures, and geochemistry within Nicola Group volcanics associated small diorite intrusions
• Company has submitted a Notice of Work application necessary for multiple ground-based Induced Polarization (“IP”) surveys in 2024 to generate additional drill targets
  
  

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to provide a review of the Lamont Ridge target area in its flagship Princeton Project (the “Project” or the “Property”), in south-central B.C. 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, located approximately 10 km east of the Project. While the Trojan-Condor Corridor remains the highest priority target area, results from Phase II of the Company’s two-phase soil geochemical survey (the “Program”), completed in 2023, confirmed four (4) promising prospects (see News Release dated January 8, 2024) with favourable geology, geophysical signatures, and/or historic geochemistry.

The Lamont Ridge area was previously recognized as a high-priority porphyry target on the basis of favourable geology, strongly anomalous ore and pathfinder elements from rock samples, potassic alteration (inferred from low Th:K ratios in radiometric data), and erratic propylitic-style alteration and, to a lesser degree, mineralization.^1,2 Analytical results from soil sampling in 2023 are interpreted to have further delineated porphyry-style Cu-Au-Mo geochemical anomalies in B-Horizon soils overlying Lamont Ridge, including 8 samples from the Lamont Ridge (LAM) and Findlay soil grids yielding >100 – 335 ppm Cu. Furthermore, one sample returned 1.89 g/t Au from the Lamont Ridge grid. In addition, historical placer gold production, reported further downstream in Lamont Creek in the early 1900s, supports the metal endowment documented in the area.³