#None #San Antonio #Collective Mining #GOLD DISCOVERY

Collective Mining Unveils Major Discovery at San Antonio

Collective Mining Ltd. has recently achieved a groundbreaking milestone with its drilling efforts at the San Antonio Project. The latest results from the Pound target have expanded the known porphyry system, revealing promising mineralization that includes significant quantities of gold, copper, silver, and molybdenum.

The standout drill hole, designated SAC-18, intersected an impressive 172.40 meters averaging 1.88 g/t gold equivalent. This result incorporates notable segments, such as 28.50 meters at 3.32 g/t gold equivalent and 60.75 meters at 2.27 g/t gold equivalent. These findings confirm the existence of robust mineralization, indicating a wealth of resources beneath the surface.

SAC-18 was drilled from a location 250 meters south of a previously reported hole, SAC-11, underscoring the potential for significant resource expansion. Interestingly, the drill was halted due to rig limitations while still within strong mineralization, hinting at even greater potential in the depths yet to be explored.

Similarly, hole SAC-15, drilled from the same platform but at a different angle, returned 154.20 meters at 1.22 g/t gold equivalent, including high-grade intersections of 58.00 meters at 2.15 g/t gold equivalent. Like SAC-18, this hole also concluded amidst strong mineralization, reflecting the capabilities of the underground porphyry system.

Three Identified Phases of Mineralization

Collective Mining has categorized the mineralization at the Pound target into three distinct phases:

• - Phase 1 is a substantial 3 km x 3 km area characterized by a low-grade gold halo at depths reaching 700 meters.
• - Phase 2 is recognized as a late-stage, gold and silver-rich vein system starting at the surface, with higher grades found deeper within the system.
• - Phase 3 features a sophisticated porphyry system defined by copper, silver, gold, and molybdenum, beginning at approximately 400 meters below the surface and exhibiting an extraordinary gold-to-copper ratio of up to 41.

This classification of the mineralization not only highlights the complexity of the geological setting but also illustrates the potential for substantial discoveries as the exploration continues.

The mineralized area tested by drills SAC-11, SAC-15, and SAC-18 boasts a strike length of about 450 meters, with significant promise in the untested direction. Looking ahead, a higher-capacity drill rig is currently operational at hole SAC-21, significantly accelerating the drilling process.

Utilizing Advanced Technology for Success

Collective Mining has effectively employed Magnetic Vector Inversion (MVI) modeling of airborne geophysical data, which has proved essential in identifying zones of interest within the Phase 2 and Phase 3 mineralization. The data-driven approach is guiding the direction of ongoing drilling, aimed at precisely targeting areas with the highest potential.

As of now, eleven drill rigs are operational, contributing to a comprehensive 70,000-meter drilling program aimed at expediting the development of both the San Antonio and the nearby flagship Guayabales Project. While drilling continues at both sites, the focus of the Guayabales Project is to define high-grade sub-zones and further develop the Apollo system, emphasizing the firm’s commitment to maximizing resource extraction.

Executive Chairman Ari Sussman noted his excitement at witnessing the scale of the San Antonio Project firsthand. The discovery at the Pound target sets the stage for more extensive exploration, with hydro-power lines and convenient access to infrastructure enhancing the project's viability. The company is dedicated to advancing its exploration efforts and is optimistic about yielding fruitful results as drilling progresses.

As exploration advances, the high-grade porphyry system at San Antonio, strategically located and demonstrating significant mineral potential, positions Collective Mining at the forefront of the mining sector's promising gold discoveries. The ongoing assessment and exploration pave the way for an exciting future for the company and its stakeholders.