Collective Mining Achieves Significant Drill Results in Apollo
Significant Drill Results in the Ramp Zone Expansion
Collective Mining Ltd. (NYSE: CNL) is excited to share groundbreaking drill results from its ongoing exploration program at the Ramp Zone. The latest data showcases remarkable findings, marking a significant milestone in the company's exploration efforts.
Outstanding Drill Hole Results
The drill hole known as APC105-D1 has intersected an impressive 75.80 metres at a gold equivalent concentration of 8.01 g/t. This represents the longest and most notable intercept based on grade accumulation (grams x metres) ever obtained in the newly identified Ramp Zone. Such results highlight the substantial potential of this zone.
Additional Significant Intersections
In addition to APC105-D1, another drill hole, designated APC103-D3, yielded a notable 20.30 metres at an equivalent of 6.68 g/t gold before reaching a post-mineral dyke. The strategic orientation and position of these holes not only provide valuable information regarding the mineralization but also expand the knowledge of the Ramp Zone's geometry.
Strategic Expansion of Ramp Zone Discovery
The successful results from these two drill holes serve to extend the Ramp Zone discovery towards the west and southwest. The exploration team is optimistic as the Ramp Zone remains open in all directions, allowing for further expansion and opportunities for additional significant assays in the future.
Ongoing Drilling Operations
As of today, the company has received assay results for six holes that were drilled from three separate pads targeting the Ramp Zone. To continue supporting this expansive project, two more drill holes have been completed with assays pending, and work is currently underway on three additional holes. This aggressive drilling campaign reflects the company’s commitment to unlocking the full potential of the Ramp Zone.
The Apollo Project and Its Promise
The Ramp Zone forms part of the broader Apollo system, which is regarded as Collective Mining’s flagship discovery within the multi-target Guayabales Project. This promising area is characterized by high-grade gold deposits which are associated with trace amounts of bismuth and tellurium. It bears strategic similarities to the renowned Marmato Deeps deposit, located just 1.75 kilometers southeast.
Future Prospects
With findings that indicate the quality and extent of mineralization in the Ramp Zone, Collective Mining Ltd. remains dedicated to its exploration initiatives. The ongoing operations and promising results suggest an exciting future for the company and its stakeholders. Investors and enthusiasts alike are eager to witness how the company navigates this pivotal phase of growth.
Frequently Asked Questions
What were the results of drill hole APC105-D1?
Drill hole APC105-D1 intersected 75.80 metres at a gold equivalent of 8.01 g/t, marking the best result to date in the Ramp Zone.
How is Collective Mining expanding its Ramp Zone?
The Ramp Zone is being expanded west and southwest with ongoing drilling operations, keeping it open in all directions for further exploration.
What is the significance of the Apollo system?
The Apollo system is the flagship discovery of the Guayabales Project, featuring high-grade gold deposits with potential similar to Marmato Deeps.
What is the next step for Collective Mining?
The company is actively drilling new holes and awaiting assay results while planning for ongoing exploration endeavors.
Where can I find more information about Collective Mining's projects?
More information about ongoing projects and results can typically be found in the company's official communications and updates.
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