Collective Metals Inc. interpreted the Whipsaw Property, west of, and immediately adjacent to, the south Princeton Project as being significant to further evaluation of the Project and its mineral potential. Work completed on the Whipsaw Property has, to date, identified copper, gold, silver, zinc and lead mineralization related to the Whipsaw porphyry stock, comprising primarily porphyry related copper-gold mineralization. Copper, molybdenum and gold mineralization occurs mainly in the Nicola Group rocks, associated with the contact of the Whipsaw Porphyry.

Mineralized occurrences containing gold, silver, zinc, and lead in pyrite-bearing quartz veins and in wallrock adjacent to the veins have been identified in historical drill holes. These holes, drilled based on geophysics and geochemistry correlated with geology, have returned significant intervals of 0.2% to 0.3% Cu mineralization with some molybdenum. Of the twelve separate and distinct MINFILE occurrences identified on the Whipsaw property, two, the Whipsaw (092HSE102) and Whipsaw - South Zone (092HSE265), are interpreted to document porphyry-style mineralization.

MINFILE occurrences in the adjacent host Nicola Group rocks include hydrothermal vein hosted mineralization interpreted to represent a zoned mineralized halo surrounding the Whipsaw Stock, such as 41 Mile Creek (092HSE266). Still other MINFILE occurrences are interpreted to document mafic hosted, Besshi-style volcanogenic massive sulphide potential in host Nicola Group rocks, including T.G.S. (092HSE206), Knight and Day (092HSE072), Marian (092HSE074), Metestoffer (092HSE097) and S and M (092HSE073). These MINFILE occurrence are interpreted to suggest similar mineral potential in the Southern half of the Project.

MINFILE occurrences in the Copper Mountain camp, east of Highway 3, interpreted as examples of target mineralization on the Project, include Friday Creek (092HSE033), Deep Gulch (92HSE080), T (092HSE104) and Norma (092HSE143). These occurrences contain copper and gold mineralization and are classified as alkalic porphyry Cu-Au occurrences similar to the Copper Mountain orebodies. Finally, the Goldrop MINFILE occurrence, located immediately north of the Trojan - Condor Corridor, is described as a feldspar porphyritic andesite having minor silicification and chloritization which occasionally contains zones of intense calcite veining up to several metres wide.

These intervals of calcite veining are mineralized with massive pyrite and sphalerite, with minor chalcopyrite. The association of calcite veining with minor silicification is interpreted to have similarities to iron carbonate-silica alteration described elsewhere on the Project (i.e., Fourteen Mile Creek, Massey et al 2009-08). With respect to mineralization previously identified on the Project, grab samples northwest and west of the Trojan - Condor corridor, returned anomalous Cu, Mo and Ag values, interpreted to suggest mineralization associated with the Whipsaw Stock porphyry Cu system could extend east onto the Project.

Furthermore, the calcareous matrix of volcanic rocks within the lower Nicola Group sequence is locally and variably altered to skarn with associated sulphides. Several grab samples collected in the northwestern part of the map area, spatially associated with areas of orange - brown, iron carbonate-silica alteration occur in Nicola Group volcanic rocks. Analyses of the samples returned variable, yet elevated, As and Ag values with moderate Au and Cu.