Collective Mining Discovers High-Grade Subzones in Apollo and Drills the Best Hole Ever, Intersecting 150.55 Metres at 6.16 G/t AuEq Within 534.40 Metres at 2.70 G/t AuEq

PR Newswire · Dec 17 05:01

The hole was successfully drilled orthogonally across the Apollo system to test, for the first time, the potential of newly modelled broad high-grade subzones within the system.
Two additional holes to test the newly modelled high-grade subzones have been completed. Both holes intersected the projection of the newly modelled subzones and cut significant sulphide mineralization over broad intervals with assay results expected in early Q1, 2025.
Drilling in 2025 will systematically test the vertical extent of the new modelled high-grade subzones, which cover more than 1,000 vertical metres, as they have the potential to significantly increase the overall grade profile of the Apollo system.

TORONTO, Dec. 16, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce initial assay results for the first of a planned series of orthogonally drilled holes designed to test the potential of newly modeled broad and high-grade subzones within the Apollo system ("Apollo"), located within the Company's multi-target Guayabales Project in Caldas, Colombia. The Company currently has four drill rigs operating as part of its fully funded and on-schedule 40,000-metre drilling program for 2024. A fully funded 60,000-metre drill program is planned for 2025, which will be the largest drilling campaign in the history of the Company.

Figure 1: Apollo System Long Section A – A': High-Grade Continuity from Surface (CNW Group/Collective Mining Ltd.)

Figure 2: Cross Section B – B' Outlining the Apollo Southwesterly Expansion from Drill Hole APC104-D1 (CNW Group/Collective Mining Ltd.)

Figure 3: Plan View of the Apollo System Highlighting the High-Grade Zone and the Southwesterly Expansion From Drill Hole APC104-D1 (CNW Group/Collective Mining Ltd.)

Figure 4: Drill Core Tray Photo Highlighting APC104-D1 (CNW Group/Collective Mining Ltd.)

Figure 5: Plan View of the Guayabales Project Highlighting the Apollo Target Area (CNW Group/Collective Mining Ltd.)

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Collective Mining Discovers High-Grade Subzones in Apollo and Drills the Best Hole Ever, Intersecting 150.55 Metres at 6.16 G/t AuEq Within 534.40 Metres at 2.70 G/t AuEq

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