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Collective Mining Discovers a Near Surface Oxidized Silver System in Northern Apollo Intersecting 75.45 Metres at 80 g/t AgEq Including 13.0 Metres @ 315 g/t AgEq
Tuesday, 10th December at 6:30 am
TORONTO, Dec. 10, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce the discovery of a new silver zone in the northern section of the Apollo system ("Apollo"), located within the Company's Guayabales project in Caldas, Colombia. The Company currently has four drill rigs operating at the Guayabales Project as part of its fully funded and on-schedule, 40,000-meter drilling program for 2024 with three rigs operating at Apollo and one rig at the Trap system. The Company plans on embarking on a fully funded 60,000-meter diamond drill program in 2025, which will be the largest annual drilling campaign in the Company's history.
Approximately 102,000 metres of diamond drilling has been completed to date at the Guayabales project, including 68,000 metres at Apollo. There are currently 23 drill holes awaiting assaying with results expected over the coming weeks.
Ari Sussman, Executive Chairman commented: "Discovering so many different styles of mineralization on a property is truly rare and is commonly a sign of a very large system being unlocked. As much success as the Company has enjoyed in its short history, we believe the best is yet to come with aggressive drilling. 2025 is going to be a banner year as the Company pushes the envelope even further with its largest drilling campaign to date."
Tuesday, 10th December at 6:30 am
TORONTO, Dec. 10, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce the discovery of a new silver zone in the northern section of the Apollo system ("Apollo"), located within the Company's Guayabales project in Caldas, Colombia. The Company currently has four drill rigs operating at the Guayabales Project as part of its fully funded and on-schedule, 40,000-meter drilling program for 2024 with three rigs operating at Apollo and one rig at the Trap system. The Company plans on embarking on a fully funded 60,000-meter diamond drill program in 2025, which will be the largest annual drilling campaign in the Company's history.
Approximately 102,000 metres of diamond drilling has been completed to date at the Guayabales project, including 68,000 metres at Apollo. There are currently 23 drill holes awaiting assaying with results expected over the coming weeks.
Ari Sussman, Executive Chairman commented: "Discovering so many different styles of mineralization on a property is truly rare and is commonly a sign of a very large system being unlocked. As much success as the Company has enjoyed in its short history, we believe the best is yet to come with aggressive drilling. 2025 is going to be a banner year as the Company pushes the envelope even further with its largest drilling campaign to date."
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