#Colombia #Collective Mining #Caldas #Silver Discovery #X Target

New Greenfield Silver Discovery by Collective Mining

Collective Mining Ltd. has recently unveiled exciting results from its drilling activities at the X target, marking a pivotal moment in their exploration efforts. The company directed two maiden drill holes in the northern and northwestern sections of the site, aiming to investigate strong soil and geophysical anomalies. This exploration has yielded multiple zones rich in silver veins across an area approximately 500 meters by 500 meters, leading to a vital new discovery in silver mining.

Assay Highlights

The standout assay results from drill hole XTC-1 include:

• - 12.85 meters @ 503 g/t silver equivalent (1.82 g/t gold, 361 g/t silver) from 121.10 meters downhole.
• - 5.80 meters @ 123 g/t silver equivalent (0.81 g/t gold, 51 g/t silver) from 186.55 meters downhole.
• - 18.65 meters @ 122 g/t silver equivalent (0.72 g/t gold, 59 g/t silver) from 334.95 meters downhole.

These findings indicate a considerable concentration of silver and encourage further exploration, particularly in the northeast direction where soil sampling shows increasing levels of precious metals.

Extended Drilling Efforts

The company has ambitious plans with a fully funded 70,000-meter drill program set for 2025. Currently, they are operating eleven drill rigs-two focusing on the X target and the remaining at the Apollo system from where significant gold and silver mineralization has been confirmed as per the internal block model.

Executive Chairman Ari Sussman expressed profound excitement regarding the new discovery at the X target. He stated, “Both holes outlined a robust, silver-rich vein system that is open in all directions. Although only two holes have been drilled so far, the geophysical data suggests the potential for a much larger system.”

Additional Findings

In addition to the X target, the company disclosed positive infill results from the Apollo system, including:

• - 138.95 meters @ 2.42 g/t gold equivalent from 183.80 meters downhole (APC-123).
• - 150.10 meters @ 2.23 g/t gold equivalent from 403.55 meters downhole (APC-133).

Moreover, drilling at the ME target indicated promising results, showcasing several moderately mineralized CBM veins, reinforcing the area’s mineral potential.

Future Directions

Subsequent drilling is critical for Collective Mining as they seek to understand the extent of the newly discovered silver system at the X target. Preliminary results indicate possible extensions of significant mineralization to the northeast, urging further exploration in that area.

As the exploration team continues its work at the Guayabales Project in Caldas, Colombia, anticipation builds among stakeholders and industry watchers alike regarding future announcements that may reveal even more rich mineral discoveries.

With operations situated in an established mining camp with numerous permitted mines, Collective Mining is poised for a potential breakthrough in precious metal mining that could influence their positioning within the sector dramatically. As they advance through 2025, all eyes will be on their ongoing and future drilling operations which promise to shape the landscape of mineral exploration in Colombia.