Collective’s Princeton Copper Project Shows Potential for Copper Porphyry Mineralization

Collective Metals Inc. (Collective or the Company) has shared the assay results for soil samples obtained during the initial phase, known as “Phase One,” of its two-phase reconnaissance soil sampling initiative (Program).

This program was conducted in the summer of 2023 and focused on the Princeton Copper Project (Project). The main objective of this phase was to identify surface-level anomalies in geochemical composition that might be associated with copper mineralization, particularly in the vicinity of previously documented historic copper findings.

The assay results for Phase One samples were derived from the southern area of the Project, where historical copper discoveries have been located within a specific geological corridor called the “Trojan – Condor Corridor.”

Highlights

• During “Phase One” of the sampling effort, a total of 470 soil samples were collected from a grid oriented to the northeast. This grid specifically targeted the Trojan-Condor Corridor, and the majority of the samples were obtained from the Ah soil horizon.
• As a result of analyzing the Phase One samples, the researchers identified two distinct areas exhibiting anomalies in Copper, Silver, Gold, and Tellurium content. In these regions (PA 1 and PA 2), moderate to relatively high Copper anomalies were observed, with concentrations ranging from 75 to 186 ppm in PA1 and from 35 to 115 ppm in PA2.
• The increased levels of elements like Silver, Gold, and Tellurium, combined with the presence of copper mineralization in the Trojan and Nev showings situated near PA1 and PA2, strongly suggest that these anomalies are probably linked to Copper porphyry-style mineralization within the Trojan – Condor Corridor.
• The Company’s field exploration program for 2023 is advancing smoothly and it anticipates receiving the results of the Phase Two soil sampling program, which focuses on regional reconnaissance, in the coming weeks.

We are very happy with results of the Copper porphyry style anomalies in the two areas within the Trojan – Condor Corridor. We look forward to receiving assay results from the additional ten grids which were targeted in untested areas of the Project which were samples earlier this summer. This soil program shows we are able to see beyond the overburden that covers most of the Project and highlights the potential for Copper porphyry mineralization and discovery on the Project.

Christopher Huggins, Chief Executive Officer, Collective Metals Inc.

Princeton Copper Project

The Company's primary Project is conveniently accessible via road and is situated just west of Highway 3, to the south of Princeton, British Columbia. This location is within a well-established mining district that boasts excellent infrastructure, a readily available local workforce, and support services.

The Project holds significant potential for discovering one or possibly more copper-gold alkalic porphyry occurrences. These occurrences are similar in terms of their age and deposit type to the Copper Mountain Mine. Additionally, it is worth noting that the Project is approximately 10 km west of Hudbay Minerals Inc.'s currently operational Copper Mountain Mine. This mine has a Proven and Probable Mineral Reserve amounting to 702 Mt with a copper grade of 0.24%.