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Collective Mining Announces a New High-Grade Discovery at Apollo by Drilling 57.65 Metres at 8.18 G/t AuEq Including 18.85 Metres @ 20.21 G/t AuEq

PR Newswire ·  Oct 23 04:30

TORONTO, Oct. 22, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce the discovery of a new high-grade gold zone at the Apollo system ("Apollo"), located within the Company's Guayabales Project in Caldas, Colombia. This new discovery, which has been named the Ramp Zone, is interpreted to be the first intercept into a major new high-grade gold system at depth and can be classified as a partially reduced intrusion related Au-Ag-Cu system. Although the Ramp Zone begins at or near 1,000 metres below surface, the discovery hole is in close proximity to a conceptual underground access tunnel connecting Apollo to mining related infrastructure in a potential future development scenario for the project.

Figure 1: Plan View of the High-Grade Ramp Zone Discovery (CNW Group/Collective Mining Ltd.)
Figure 2: Plan View at 925 Metres Above Sea Level Showing the Ramp Zone Discovery (CNW Group/Collective Mining Ltd.)
Figure 3: Longitudinal Section Highlighting Similar Elevation of the Ramp Zone and Marmato Deeps and the Close Proximity of Both Mineralized Systems (CNW Group/Collective Mining Ltd.)
Figure 4: Longitudinal Section Highlighting the New High-Grade Ramp Zone Discovery and Proposed Four Kilometer Access Tunnel Linking this Target and Various Other Discoveries with a Potential Surface Site for Mine Infrastructure (CNW Group/Collective Mining Ltd.)
Figure 5: Drill Core Tray Photo Highlighting APC99-D5 (CNW Group/Collective Mining Ltd.)
Figure 6: Plan View of the Guayabales Project Highlighting the Apollo Target Area (CNW Group/Collective Mining Ltd.)
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