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Hunt is on for another Copper Mountain Mine near Princeton

Mineral exploration company working around Princeton
Exploration of an area around Princeton is set to begin for a deposit that could make a new Copper Mountain Mine. (Collective Metals)

Land between Tulameen and Princeton is set to be explored for more mining opportunities.

Collective Metals announced on May 25 the beginning of its work program exploring the Princeton Project, a 70,570-acre area west and southwest of Princeton.

The project is being targeted by Collective for exploration this year, for areas similar to the nearby Copper Mountain Mine. The region is part of the same copper-gold belt.

According to a press release, aerial surveys of the area had previously provided high-intensity magnetic anomalies, which are high-priority targets for exploration.

“Taking advantage of the full exploration season is a high priority for the Collective team,” said CEO Christopher Huggins in the release. “Fieldwork conducted early in the year will guide further exploration and target generation later this year – including more in-depth work such as LIDAR, airborne and magnetic studies. ”

The area of the project was picked up by Collective Metals on May 9, when they signed an agreement with the Tulmeen Resource Corporation for 70 per cent ownership.

One of the areas set to be explored is in an upper portion of Fourteen Mile Creek where logging road work has exposed areas for mapping.

The Copper Mountain Mine itself is located 10 kilometres east of the project area and was recently purchased by Hudbay in a merger set to create the third-largest copper producer in Canada.

The goal of the exploration is to find further deposits similar to Copper Mountain in age and type.

Collective Metals is also exploring areas of Ontario for lithium and Yellowknife for gold.

READ MORE: Deal for Princeton’s Copper Mountain Mine one step closer to reality

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Brennan Phillips

About the Author: Brennan Phillips

Brennan was raised in the Okanagan and is thankful every day that he gets to live and work in one of the most beautiful places in Canada.
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