New Silver Discoveries at Collective Mining's Apollo System
Collective Mining Ltd. (NYSE: CNL) is thrilled to unveil a significant discovery of a new silver zone in the Apollo system. This remarkable find is part of the company's Guayabales project. The ongoing drilling campaign at Guayabales showcases the company's commitment to expanding its resource base.
Current Drilling Activities
Currently, Collective Mining has four drill rigs active at the Guayabales Project, embarking on a fully funded 40,000-meter drilling program for the current year. Three of these rigs focus on the Apollo system, while one explores the Trap system. With aggressive plans in place, the company is set to initiate a much larger 60,000-meter diamond drill program in the upcoming year, marking the largest campaign in the company’s history.
Details of the Latest Findings
So far, approximately 102,000 meters of diamond drilling have been completed, of which 68,000 meters were specifically at Apollo. Currently, 23 drill holes await results, which are expected in the near future. The recent exploration reveals exciting encounters with varying styles of mineralization, signifying the potential of a major system being developed.
Overview of Drill Results
Highlights from recent drilling include:
- Three diamond drill holes discovered silver-rich veinlets at depths starting from surface, covering a significant area of 250 meters by 100 meters.
- One highlighted result showed:
- 75.45 meters at 80 g/t silver equivalent starting from 22.50 meters depth (hole APC-100D), including:
- 13.00 meters at 315 g/t silver equivalent.
- Predominant high-grade silver was found within oxidized material, indicating further exploration potential as it remains open.
- After this exciting new silver discovery, high-grade gold veins were also intercepted in the same drill holes.
Future Plans and Goals
Collective Mining is not planning to stop here. Follow-up drilling is set to explore the strike and depth of the oxidized silver zone in the first half of the following year. In light of weathering conditions across the Guayabales project, there’s optimism about discovering stronger silver grades in fresh rock below the oxidation layer.
Core Samples and Experienced Management
The core samples have been analyzed in several facilities, ensuring quality and reliability. The rigorous QA/QC program is in line with industry standards. Collective Mining’s management, which includes industry veterans, owns 44.5% of the company’s outstanding shares, aligning their interests with that of the shareholders.
About Collective Mining Ltd.
Founded by the same team responsible for the successful development of Continental Gold Inc., Collective Mining focuses on precious minerals. The company's flagship, the Guayabales project, is anchored by the rich Apollo system, which hosts substantial gold-silver-copper-tungsten resources. Collective’s future exploration strategy includes expanding existing targets and discovering new ones.
Frequently Asked Questions
What recent discovery did Collective Mining announce?
The company announced a new silver zone discovery within the Apollo system located at the Guayabales project.
How much drilling is planned for 2025?
Collective Mining plans to initiate a fully funded 60,000-meter diamond drill program in 2025.
What are the highlights of the latest drill results?
Significant results include 75.45 meters at 80 g/t silver equivalent, including higher grades of silver intercepted.
How is the management team structured?
The management team consists of industry veterans who collectively own a significant share of the company, ensuring alignment with shareholder interests.
Where can I find more information about Collective Mining?
Detailed information about the company's projects, including their latest corporate presentation, is available on their official website.
