Collective Mining Reports High-Grade Results at Apollo Project
Exciting Results from Collective Mining's Apollo Project
Recent drilling at the Apollo Project has revealed significant mineralization, with assay results showcasing high grades of gold, silver, copper, and tungsten. These results are part of an ongoing shallow drilling program aimed at expanding the near-surface mineralization at Apollo. Highlights from this drilling include:
Key Assay Results
- 183.70 metres @ 3.01 g/t gold equivalent from 37.30 metres downhole (APC-134), including:
- 31.85 metres @ 4.12 g/t gold equivalent from 98.70 metres downhole.
- 37.15 metres @ 7.05 g/t gold equivalent from 118.10 metres downhole (APC-136).
The results underline the potential of the Apollo system, which has been found to be strongly mineralized over a vertical extent of 1,200 metres and remains open at depth.
New Equipment and Future Drilling Plans
To enhance exploration efforts, Collective Mining has received a second large capacity diamond drill rig that is scheduled to start operations shortly. This addition will accelerate drilling in the Ramp Zone, which has shown promising high-grade mineralization.
The company aims to define and expand the high-grade Ramp Zone further, targeting additional mineralization at depths, with plans to intersect the zone with directional drilling next month.
Drill Rig Operations and Strategy
Currently, eleven drill rigs are operational across a fully funded 70,000-metre drilling program for 2025, distributed between the Guayabales Project and another project in San Antonio. Importantly, work at Guayabales focuses on:
- Defining shallow mineralization.
- Identifying new high-grade sub-zones.
- Extending the high-grade Ramp Zone at depth.
- Testing newly generated targets.
Approximately 133,000 metres of diamond drilling has been completed, with a significant number of holes awaiting assay results. The anticipation for new data contributes to the excitement surrounding ongoing exploration activities.
Team Insights and Company Direction
Ari Sussman, Executive Chairman of Collective Mining, commented on the firm’s commitment to improving the internal block model by continuously intersecting remarkable grades of mineralization. The returning results amplify the company’s approach as they work to elevate their understanding of the Apollo project’s geology.
As the shallow drilling program nears completion, only a handful of drill holes remain. This phase is vital for expanding the mineralized area by approximately five percent, effectively filling existing gaps in the geological model.
Overview of Recent Findings
Summary of key results from the drill program includes:
- Four drill holes from Pad 25 revealed:
- 111.05 metres @ 1.79 g/t gold equivalent from APC-132.
- 183.70 metres @ 3.01 g/t gold equivalent (APC-134), with additional intersections of high grade.
- Multiple intercepts over various lengths, reinforcing the potential for significant discoveries.
Technical and Operational Details
Drilling involves rigorous processes to ensure quality data collection. Core samples are cut and prepared within the company’s facility, with analyses conducted at accredited laboratories. A strict QA/QC program is continuously implemented to maintain high standards in data accuracy.
As research and exploration continue, the company adjusts its plans based on findings, demonstrating flexibility and commitment to successful project execution.
About Collective Mining Ltd.
Collective Mining is an exploration company focusing on gold, silver, copper, and tungsten projects in Colombia. They aim to enhance the overall grade of mineralization in the Apollo system, driving forward with a robust strategy that includes systematic drill testing and resource expansion on the grounds of the Guayabales Project.
Founded by a knowledgeable team, Collective Mining operates under the vision of expanding its resource base while keeping stakeholders aligned with its growth ambitions. The company maintains a significant shareholding among management and insiders, ensuring strong alignment with shareholder interests.
In summary, Collective Mining’s efforts at the Apollo system promise to unfold exciting potential as drilling progresses and results continue to be revealed.
Frequently Asked Questions
What mineralization has been found at the Apollo Project?
The Apollo Project has revealed high grades of gold, silver, copper, and tungsten through extensive drilling.
How many drill rigs does Collective Mining currently operate?
The company has eleven drill rigs operating as part of its 70,000-metre drilling program for the year.
What are the company's objectives for the Apollo system?
Collective Mining aims to improve the grade of the Apollo system and expand the high-grade Ramp Zone through systematic exploration efforts.
What are the latest assay results for the Apollo Project?
Recent results include 183.70 metres at 3.01 g/t gold equivalent from drill hole APC-134.
Who leads Collective Mining?
Ari Sussman serves as the Executive Chairman, guiding the company's exploration and growth strategies.
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