#Colombia #Collective Mining #Apollo system #Guayabales Project #Caldas

Introduction

On December 16, 2024, Collective Mining Ltd. (NYSE: CNL, TSX: CNL) shared groundbreaking findings from its Apollo system within the Guayabales Project in Caldas, Colombia. The company has recently completed a pivotal drilling program, emphasizing the discovery of high-grade mineral zones that promise to significantly enhance the overall grade profile of Apollo. These findings align with the company's strategy to expand its mining operations in one of Colombia's well-known mining regions.

Key Drilling Results

The highlight of this drilling campaign is the APC104-D1 hole, which intersected an astounding 150.55 meters at 6.16 g/t AuEq. This interval forms part of a larger 534.40 meter section yielding 2.70 g/t AuEq starting from 107.10 meters deep.

Further details from APC104-D1 include:

• - 39.55 meters at 10.60 g/t AuEq from 165.45 meters,
• - 37.75 meters at 5.04 g/t AuEq from 358.20 meters, and
• - Additional intervals revealing impressive gold equivalent grades.

This hole marks the best grade accumulation recorded to date at Apollo, with an impressive tally of 1,440 g/t AuEq per gram-metre, which is significantly higher than previous drilling results averaging 1,055 g/t AuEq.

Strategic Drilling Approach

The new drilling strategy involves testing the Apollo system orthogonally for the first time, which has led to the positive outcomes reported. This has been facilitated by internal deposit modeling that identified the need for drilling from the northern side of the Apollo system in a southerly pattern, prompting the construction of drill Pad17. Following this strategic direction, two additional holes, APC104-D2 and APC104-D3, have been drilled and show similar mineralization styles as APC104-D1.

Ari Sussman, Collective Mining's Executive Chairman, highlighted the exceptional work of the Colombian technical team in uncovering these results. He anticipates an exciting year ahead as 2025 approaches, focusing on drilling to extend and enhance both the new high-grade subzones and the Ramp Zone.

Next Steps

Looking forward, Collective Mining plans a 60,000-meter drilling program in 2025, the largest in the company's history. This program will concentrate on delineating and expanding the high-grade subzones encountered this year. Mineralization is observed to extend from surface down to depths of over 1,150 meters below the surface.

The ongoing exploration aims to cement the Apollo system's potential, which already boasts dimensions of 600 meters in strike and 400 meters in width. Additional mineralization discoveries, including a new Ramp Zone, continue to demonstrate the rich underground secrets of the Apollo project.

This initiative not only emphasizes Collective Mining's commitment to responsible and expansive operations but also reinforces its position as a promising player in the mining industry.

Conclusion

The promising results from the Apollo system create a pathway for Collective Mining to significantly boost its stock and yield within the mining sector. With a proactive and well-planned approach for the upcoming year, the company is poised to uncover further layers of valuable mineral resources amidst continuing growth in the Colombian mining landscape.

For further updates and more detailed information on this drilling campaign, you can visit Collective Mining's website.