Collective Mining Reveals High-Grade Gold Drill Results
Remarkable Drill Results from Collective Mining's Apollo System
Collective Mining Ltd. (NYSE: CNL) has announced extraordinary results from their ongoing exploration efforts at the Apollo system, where high-grade gold, silver, copper, and tungsten assays continue to impress investors and industry experts alike. The latest report outlines results from six diamond drill holes that were focused on extending the shallow mineralization of this promising area.
Outstanding Assay Findings
The results from the latest drilling program reveal some outstanding highlights:
- 397.50 metres @ 2.62 g/t gold equivalent (1.20 g/t gold, 60 g/t silver, 0.33% copper, 0.07% WO3) from surface (APC-122), achieving a significant grade accumulation of 1,041 gram x metres. Notably, this hole ended within robust mineralization.
- 135.20 metres @ 2.71 g/t gold equivalent (0.66 g/t gold, 50 g/t silver, 0.67% copper, 0.15% WO3) reported from surface (APC-119).
These results signal the ongoing potential of the Apollo system, which is now known for its strong mineralization extending over 1,200 vertical metres.
Operational Capacity and Exploration Strategy
In line with its exploration ambitions, Collective Mining is currently operating nine drill rigs as part of an extensive 70,000-metre drill program throughout the year. Seven of these rigs are actively drilling at the Guayabales Project while two are focused on the San Antonio Project. This strategy aims to more accurately define high-grade mineralization zones, expand existing findings, and investigate prospective targets characterized by gravity anomalies in the Apollo vicinity.
To date, approximately 129,500 metres of diamond drilling has been completed, with 91,000 metres conducted at the Apollo site alone. This extensive effort ensures the company is well-positioned for further discoveries.
Insights from Leadership
Ari Sussman, Collective Mining’s Executive Chairman, expressed excitement over the continued achievements at Apollo, stating that the ongoing drilling activities are yielding impressive mineralization discoveries extending beyond the surface. He emphasizes that the second half of the year holds promise for significant advancements, as they mobilize a deep-penetrating rig aimed at expanding the high-grade Ramp Zone at Apollo and exploring additional Apollo-like targets within a two-kilometre radius.
Details of the Latest Drill Holes
- Six drill holes from Pad 22 and Pad 23 intersected high-grade mineralization layers between 50 to 400 metres deep, with notable results such as:
- APC-122: 397.50 metres @ 2.62 g/t gold equivalent from surface, with multiple rich intersections of mineralization.
- APC-119: 135.20 metres @ 2.71 g/t gold equivalent reported from surface, showing promising result trends.
- APC-120: An impressive 152.10 metres @ 2.06 g/t gold equivalent detected, showcasing the variability and richness of the deposit.
- Several other drill holes (APC-116, APC-118, APC-121) further enhanced the understanding of the mineralization profile.
These findings represent a crucial step in expanding the overall understanding of the mineralization at Apollo, affirming the project's potential for greater resource accumulation.
About Collective Mining Ltd.
Collective Mining Ltd. has solidified its position as a recognized player in the exploration of high-value mineral deposits. Founded by a team experienced in developing and selling minerals, the company has tapped into rich mining zones in Caldas, highlighting its commitment to uncovering valuable resources. With a focus on advancing its flagship Guayabales project, Collective Mining is strategically positioned to strengthen its mineral holdings by pursuing newly modeled targets and extending existing deposits.
Investors interested in high-potential mineral exploration should watch Collective Mining closely as it continues its drilling operations and showcases results that could redefine its operational scope and financial outlook.
Frequently Asked Questions
What mineral resources is Collective Mining focusing on?
The company primarily focuses on gold, silver, copper, and tungsten in their exploration efforts.
How extensive is the ongoing drilling program?
Collective Mining is executing a comprehensive 70,000 metre drill program, which demonstrates their commitment to exploration and discovery.
What significant findings have been announced recently?
The latest announcements include several high-grade assay results from the Apollo project, confirming a robust mineralization profile.
What are the next steps for Collective Mining?
The company will continue to drill at both the Guayabales and San Antonio projects, exploring high-grade subzones and potential new targets.
Where can I find more information about Collective Mining?
Visit their official website for the latest corporate presentations and updates on their projects.
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