#Canada #Toronto #Collective Mining #Apollo system #Guayabales Project

Overview of Collective Mining's Discoveries at Apollo

Collective Mining Ltd., operated under the ticker symbols NYSE: CNL and TSX: CNL, has made significant strides in expanding its Apollo project located in the Guayabales region of Caldas, Colombia. Recently reported results indicate a notable extension to the Apollo system at its northeastern flank, uncovering rich mineralization that paves the way for extensive growth scenarios in the area.

The Apollo site stands as the company’s flagship discovery, drawing attention for its remarkable potential. With five active drill rigs and a substantial drilling commitment of 40,000 meters planned for 2024, the future seems bright for this mining operation.

Recent Discoveries and Results

The exciting new data comes from the latest drill hole, APC100-D1, which has intercepted 150.50 meters grading 1.74 g/t gold equivalent, featuring an impressive sub-section of 42.00 meters at 4.02 g/t gold equivalent. These results corroborate the company’s geological models which suggest that surface manifestations of lower-grade mineralization can develop into broader, high-grade zones at greater depths. The data points collected thus far suggest a significant increase in the understood extent of the potential resource.

Ari Sussman, the Executive Chairman of Collective Mining, expressed his enthusiasm regarding the findings, stating, "Apollo continues to expand and deliver excellent results. This confirms our understanding that the mineralization potential at the Apollo site is much greater than previously calculated." Additionally, nearby drill holes APC98-D3 and APC98-D5 have also yielded positive results, contributing to the ongoing geological hypotheses about the Apollo system.

Strategic Operations

Currently, three rigs are actively drilling at the Apollo site. The drilling efforts are particularly focused on the recently discovered high-grade Ramp Zone and testing possible high-grade subzones at shallower levels. This strategic targeting aims to maximize resource identification within the expected expansive boundaries of Apollo.

The ongoing drilling operations have already completed around 101,000 meters of diamond drilling at the Guayabales Project—67,000 of those dedicated to the Apollo target. Given the promising results awaiting assay from 25 other drill holes, anticipation builds around what the near future may yield as assays are expected by the end of 2024.

Looking Ahead

Looking forward, Collective Mining plans to escalate operations even further with a comprehensive 60,000-meter drilling program set for 2025, marking the largest effort in the company’s history to date. As exciting opportunities to expand the Apollo system and discovery sites arise, stakeholders maintain high expectations for the future of this mining operation.

With its focus on both high-grade and bulk-tonnage resources, Collective Mining stands on solid ground, poised to pursue their comprehensive business strategy in one of the world’s most promising mining regions.

Conclusion

In summary, the recent findings from the Apollo system underscore the potential of Collective Mining's ongoing exploration efforts in Colombia. The significant drill intercepts not only fulfill the company’s geological hypotheses but also enhance the overall narrative of growth and opportunity in an increasingly globalized mining industry. As the company continues to evolve its operational strategies and expand its drilling footprint, the broader implications for resource availability at Apollo could set a pivotal benchmark for mining endeavors regionally and internationally.

For more information about Collective Mining and their projects, visit www.collectivemining.com.