Collective Mining Unveils Significant Silver Discovery at Apollo Project in Colombia
Collective Mining Ltd., a prominent player in the exploration of metals, has made a remarkable discovery at its Guayabales project in Caldas, Colombia. The company reported the identification of a new silver zone within the northern section of the Apollo system, following extensive drilling that aligns with their comprehensive drilling campaign set for 2024.
The high-grade silver intersected showcases significant potential, with highlights from recent drilling including an impressive total of 75.45 meters at 80 grams per tonne (g/t) silver equivalent, which is further emphasized by a standout 13.0 meters at a stellar 315 g/t silver equivalent. This newly uncovered oxidized silver system underscores the ongoing success of Collective Mining’s exploration initiatives, as they currently deploy four drill rigs at the Guayabales project as part of a fully funded 40,000-meter drilling schedule for the year.
As of now, approximately 102,000 meters of diamond drilling have been completed at the Guayabales site, with 68,000 meters specifically focused on the Apollo target. With 23 drill holes pending assay results, anticipation builds for the ensuing updates that may showcase even more mineralization.
Executive Chairman of Collective Mining, Ari Sussman, expressed optimism over these discoveries, stating that unearthing varied mineralization styles on one property is a rare event, often indicative of a large and complex system. He emphasized a commitment to aggressive drilling ventures, forecasting that 2025 will mark an extraordinary year with the largest drilling campaign undertaken in the company’s history, targeting a total of 60,000 meters.
Recent drill results from three holes directed southwards from OPad 6 highlight a substantial presence of bulk silver-rich sheeted veinlets within a 250-meter radius of the main Apollo system. The shallow high-grade silver zone spans from surface down to vertical depths of up to 150 meters, with oxidized materials showing significant mineralization potential. The findings detail varying intercepts, including:
Additionally, the drill holes also intersected high-grade discreet gold veins at deeper intervals, showcasing:
Looking ahead, follow-up drilling is planned for the first half of 2025 to further explore the oxidized silver zone, as the company anticipates finding even higher grades in fresh rock beneath the oxidization due to the weathered environment at Guayabales. As a company that merged exploration ambitions with strategic funding, Collective Mining stands poised for significant advancements in the mineral exploration landscape, backed by a robust operational structure and commitment to extensive drilling campaigns.
In conclusion, this discovery not only reinforces the potential of the Apollo system but also places Collective Mining at the forefront of silver exploration in Colombia, potentially leading to groundbreaking developments in metal recovery and resource extraction methodologies in the region.
The high-grade silver intersected showcases significant potential, with highlights from recent drilling including an impressive total of 75.45 meters at 80 grams per tonne (g/t) silver equivalent, which is further emphasized by a standout 13.0 meters at a stellar 315 g/t silver equivalent. This newly uncovered oxidized silver system underscores the ongoing success of Collective Mining’s exploration initiatives, as they currently deploy four drill rigs at the Guayabales project as part of a fully funded 40,000-meter drilling schedule for the year.
As of now, approximately 102,000 meters of diamond drilling have been completed at the Guayabales site, with 68,000 meters specifically focused on the Apollo target. With 23 drill holes pending assay results, anticipation builds for the ensuing updates that may showcase even more mineralization.
Executive Chairman of Collective Mining, Ari Sussman, expressed optimism over these discoveries, stating that unearthing varied mineralization styles on one property is a rare event, often indicative of a large and complex system. He emphasized a commitment to aggressive drilling ventures, forecasting that 2025 will mark an extraordinary year with the largest drilling campaign undertaken in the company’s history, targeting a total of 60,000 meters.
Recent drill results from three holes directed southwards from OPad 6 highlight a substantial presence of bulk silver-rich sheeted veinlets within a 250-meter radius of the main Apollo system. The shallow high-grade silver zone spans from surface down to vertical depths of up to 150 meters, with oxidized materials showing significant mineralization potential. The findings detail varying intercepts, including:
- - APC-100D: 75.45 meters at 80 g/t AgEq from 22.50 meters, with a notable 13.0 meters at 315 g/t AgEq from 81.00 meters.
- - APC-101: 53.55 meters at 59 g/t AgEq from 73.70 meters, with an 18.0 meters intercept at 125 g/t AgEq.
- - APC-102: 24.10 meters at 50 g/t AgEq from 101.50 meters, highlighted by 5.05 meters at 112 g/t AgEq from the same depth.
Additionally, the drill holes also intersected high-grade discreet gold veins at deeper intervals, showcasing:
- - 1.20 meters at 7.63 g/t AuEq from 378.60 meters (APC-100D)
- - 0.90 meters at 21.25 g/t AuEq from 257.20 meters (APC-102)
- - 0.90 meters at 16.24 g/t AuEq from 452.85 meters (APC-102)
Looking ahead, follow-up drilling is planned for the first half of 2025 to further explore the oxidized silver zone, as the company anticipates finding even higher grades in fresh rock beneath the oxidization due to the weathered environment at Guayabales. As a company that merged exploration ambitions with strategic funding, Collective Mining stands poised for significant advancements in the mineral exploration landscape, backed by a robust operational structure and commitment to extensive drilling campaigns.
In conclusion, this discovery not only reinforces the potential of the Apollo system but also places Collective Mining at the forefront of silver exploration in Colombia, potentially leading to groundbreaking developments in metal recovery and resource extraction methodologies in the region.
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