- Apollo system expands with significant drilling results at depth
- Flagship discovery within the company’s multi-target Guayabales project in Caldas, Colombia
- 60,000-meter drilling campaign planned for 2025, the largest in the company’s history
Collective Mining (TSX:CNL) has announced a breakthrough in its exploration of the Apollo system, part of its flagship Guayabales project in Caldas, Colombia. Recent drilling on the northeastern flank of Apollo revealed a previously untapped extension, opening avenues for substantial growth along the system’s northern boundary.
Approximately 101,000 metres of diamond drilling has been completed to date at Guayabales, including 67,000 metres at Apollo. There are currently 25 drill holes awaiting assaying with results for the majority of these holes expected prior to year-end 2024.
Directional drilling from Pad 6 revealed 150.50 meters grading 1.74 grams per ton (g/t) gold equivalent (AuEq), including a high-grade interval of 42 meters at 4.02 g/t AuEq. These findings reinforce the potential for shallow, minimally mineralized zones at surface to transition into robustly mineralized regions at depth.
“This latest result underscores Apollo’s capacity for expansion and its ability to deliver excellent results,” Ari Sussman, Collective Mining’s executive chairman, said in a statement. “With these new insights, we are poised for an even more ambitious exploration campaign in 2025.”
Additional drilling highlights
- Drill hole APC98-D3 intersected 211.10 meters at 1.29 g/t AuEq, including 24.10 meters at 3.43 g/t AuEq.
- APC98-D5 revealed 164.15 meters grading 1.23 g/t AuEq, with notable subzones such as 24.50 meters at 2.34 g/t AuEq.
Next steps
The company has planned a 60,000-meter drilling program for 2025 building on the 101,000 meters of diamond drilling already completed. Current drilling efforts focus on high-grade areas such as the Ramp zone and newly modeled subzones.
About Collective Mining
Collective Mining explores for copper, silver, gold and tungsten in Colombia guided by the team behind the $2 billion sale of Continental Gold. The flagship Apollo system exemplifies its commitment to high-grade, bulk-tonnage discoveries.
Collective Mining stock (TSX:CNL) is up by 1 per cent trading at C$5.07 per share as of 1:27 pm ET. The stock has added 20.14 per cent year-over-year.
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(Top photo of core samples at Apollo: Collective Mining)