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Significant Gold Discoveries Unveiled by Collective Mining

Collective Mining Ltd., a publicly traded exploration company, has announced promising assay results following its latest drill program conducted in 2024. The primary focus has been on the Trap and Plutus targets, located within the multi-target Guayabales Project in Caldas, Colombia. This ambitious drilling initiative supports the ongoing exploration and increased understanding of mineralization in the region.

Trap Target Highlights

At the Trap Target, drilling efforts have significantly expanded the known high-grade area in the Trap Main Zone (TMZ). Notably, two unique styles of mineralization have been identified here, ranging from porphyry-related D veins to evident late-stage polymetallic vein systems. Among the most notable results, core drill hole TRC-30 has showcased an impressive 40.50 metres at 4.01 grams per tonne (g/t) of gold equivalent, which reflects the high potential of this region. This finding, along with other successful drill holes, emphasizes the promising continuity of mineralization that extends over a remarkable 700 meters of strike length.

However, complications arose during drilling when TRC-30 was lost amid the mineralization due to issues with drill pad stability, highlighting the necessity for further drilling in this productive area. Meanwhile, TRC-28-D1, drilled to the southwest at TPad8, provided additional significant results with an intersection of 41.10 metres at 2.13 g/t gold equivalent from 280.10 metres downhole.

Insights derived from geological and geochemical data suggest that future drilling in 2025 should focus on the northwest extension of the TMZ, as there's strong evidence indicating the presence of a possible mineralized porphyry feeder.

Exciting New High-Grade Gold Vein Discovery

An unexpected yet exciting find occurred in the far south of the Trap system with the discovery of a high-grade gold vein that exhibits outstanding potential. The results revealed up to 2.80 metres at 234.15 g/t gold, including an exceptional 0.80 metres at a staggering 816 g/t gold. This newly found vein system, with at least 400 meters of strike length, underscores the area's rich mineralization landscape and sets the stage for more exploration in 2025 as follow-up mapping and geochemistry are scheduled.

Plutus Target Developments

Parallel to the findings at Trap, exploration at the Plutus Target continues to reveal the presence of a mineralized porphyry system. Recent drill results show shallow mineralization characterized by molybdenum, pyrite, and chalcopyrite. Expected assay results depict strong initial findings, such as 39.70 metres at 0.31 g/t gold equivalent. The upper portions of the porphyry system have been successfully intersected, indicating the potential for further mineralization at greater depths.

As the complete dataset is compiled, Company executives anticipate follow-up drilling in this area in 2025.

Looking Ahead

Looking forward, Collective Mining is set to maintain robust exploration efforts with five drill rigs currently operational and the anticipated addition of two more rigs in the coming months. Ari Sussman, Executive Chairman of the Company, remarked that the continual expansion of the Trap target signifies the richness of the mineral system, spurring further exploration to unlock the full potential of this promising region.

In conclusion, the new assay results from the Trap and Plutus targets not only exemplify the exciting discoveries made by Collective Mining but also reinforce the company's commitment to careful exploration and strategic development in one of Colombia's mineral-rich areas.