Collective Metals Announces Plans for Inaugural Drill Program at the Rocas Uranium Project

Core Viewpoint - Collective Metals Inc. has finalized plans for its inaugural drill campaign at the Rocas Uranium Project, targeting high-priority uranium areas identified through previous prospecting and geophysical surveys [2][3]. Drill Program Details - The Phase I drilling program will consist of approximately 1,200 to 1,500 meters across six to eight drill holes, focusing on shallow, high-grade basement-hosted uranium mineralization [3]. - The drilling will test target zones defined by anomalous uranium occurrences identified during the 2025 prospecting program and geophysical work completed in 2024 [3][4]. Prospecting and Mapping Results - Preliminary results from the 2025 prospecting and mapping program revealed anomalous radioactivity readings of up to 33,000 counts-per-second (cps), with ten separate occurrences exceeding 10,000 cps [3][6]. - Historical mineralized outcrop grab samples along approximately 900 meters of strike length returned values ranging from 587 ppm U to 0.498 wt.% U3O8, none of which have been drill-tested [6][20]. Funding and Logistics - The Company will fully fund the drilling program to meet the year-one expenditure requirements under the definitive property option agreement with Standard Uranium [3]. - Key contracts for the program have been secured, and diamond drilling crews are expected to mobilize to the project as early as mid-March [3]. Exploration Potential - The Rocas Project is considered highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization, located near the Athabasca Basin margin [9][20]. - The project area hosts several uranium occurrences and has remained untested by drilling to date, with a focus on a 7.5-kilometer magnetic low/EM conductive corridor [4][20].