Collective Metals Provides Review of Fourteen Mile Target Area on its Princeton Property, B.C. - Seite 2

Chris Huggins, Chief Executive Officer of Collective, commented, “Integration of 2023 geochemical results and reprocessed geophysical data with historic geochemical and geology work on the Property has helped us identify and prioritize our current exploration targets. The well documented mineral endowment and large size of the Property provides significant opportunity for discovery. We look forward to advancing exploration on several secondary targets including the Fourteen Mile area using 3D IP in 2024, in tandem with drilling our primary Trojan-Condor target area.”

The Fourteen Mile area is underlain by volcanic tuffs and sediments of the Upper Triassic Nicola Group near the western margin of overlying Eocene Princeton Group volcanics.² North of the target area, a small (<1 km²), medium- to fine-grained hornblende diorite plug is associated with very well-developed iron carbonate-silica alteration and chalcopyrite-limonite-malachite mineralization in adjacent sandstone.² While Massey (2009) assigned the Fourteen Mile diorite intrusion to the Triassic Tulameen Ultramafic Complex, subsequent workers have suggested it is similar to the Triassic Whipsaw Stocks, interpreted to be correlated to the Copper Mountain Intrusions.¹ The area is cut by a network of NE- and NW-trending faults, interpreted to influence mineralization and alteration (please see Figure 1).

Figure 1 - Fourteen, Fifteen and Sixteen Mile Target Areas with Aeromagnetic anomalies, alteration, intrusions, 2011 high-quality sieved sediment samples and 2023 soil pathfinder anomaly geochemistry.

Regionally, the southern portion of the Project area is underlain by a large, high intensity magnetic anomaly very similar to that spatially associated with, and underlying, the Copper Mountain Camp and currently producing Copper Mountain Mine (please see News Release dated May 10, 2023). The Project is interpreted to have been down dropped progressively to the west across both the Boundary and Whipsaw faults (please see News Release dated August 1, 2023). The high intensity magnetic anomaly, together with porphyry-style alteration and mineralization documented within the Trojan-Condor Corridor to the southeast (please see News Release dated January 8, 2024), in the Lamont Ridge area to the north (please see News Release dated February 13, 2024) and the Fourteen, Fifteen and Sixteen Mile Creek grids are interpreted to support potential for discovery of additional occurrences of porphyry-style Cu-Au mineralization.