Collective Mining Reveals Promising Expansion Drilling Results at Guayabales and San Antonio Projects

Exploration Update Insights from Collective Mining

Collective Mining Ltd. (NYSE: CNL) has recently shared an exploration update detailing promising findings from its ongoing drilling activities at the Guayabales and San Antonio Projects, located in Caldas, Colombia, adjacent to the Pan American Highway. This update signifies an exciting phase in the company's strategy as it strives to uncover significant mineral deposits that may bolster its growth and financial standing.

The company operates ten diamond drill rigs and has set an ambitious target of completing approximately 60,000 meters of drilling throughout 2025. Initial results from step-out drilling at the Guayabales Project's Ramp Zone and the San Antonio Project's Pound target suggest the presence of substantial mineralization. Executive Chairman Ari Sussman expressed his enthusiasm, noting this is the first time he has encountered a simultaneous intersection of potentially valuable mineralized zones at both projects.

Guayabales Project Drilling Highlights

In line with the company’s objectives, six drill rigs are currently active at the Guayabales Project. These rigs focus on high-grade tungsten, gold, silver, and copper areas, with one specific rig conducting expansion drilling at the outcropping zone. This includes the significant recent hole, APC143-D1, which has yielded potentially significant Ramp Zone style mineralization at impressive depths of around 1,370 meters. Assay results from this hole are expected soon, promising vital insights into the mineral content.

Additionally, the sixth rig is shifting its focus to Target X, which has recently exhibited a promising silver discovery, best highlighted by hole XTC-1, cutting through multiple silver-rich vein sets. The results from this hole alone suggest potential for a significant mineralized system waiting to be discovered deeper within the area. Furthermore, the company has contracted two additional deep capacity rigs anticipated to commence in early 2026, augmenting their drilling capacity for both projects.

San Antonio Project Developments

At the San Antonio Project, exploration continues at the Pound target, where four rigs are operating to define a potentially large mineralized zone. Initial reports from drill hole SAC-24, a follow-up to the previously noted SAC-18, indicate strong visual mineralization across various intervals. This hole encountered extensive veinlet mineralization and also intersected a porphyry style mineralization further down, indicating a multifaceted mineral deposit structure that requires further investigation.

The geological features around the Pound target highlight its promising nature, covering over 500 meters of strike length while remaining open in all directions for potential expansion. With plans to shift one drill rig to the new COP target and over 140,000 meters of diamond drilling already completed at the Guayabales Project, the company shows no signs of slowing down its aggressive exploration strategy.

A Promising Future Ahead

With a financial boost of approximately USD 145 million following recent financing, Collective Mining is well-positioned to advance its exploration initiatives well into 2027. Continued assays and further drilling are expected to solidify the company’s standings in the competitive mining sector. As they await assay results, stakeholders eagerly anticipate the transformation of promising visual findings into solid, quantifiable data reflecting the hidden wealth of the Caldas region.

Through steadfast dedication and strategic expansions, Collective Mining is poised for significant developments that could remarkably influence its operational capacity and market position. Keep an eye on this mining contender as it drives forward into what appears to be a fruitful exploration era.