New Discoveries at Collective Mining's Guayabales Project
Exciting Developments in the Ramp Zone
Recent drilling efforts at Collective Mining Ltd. have unveiled significant geological insights within the high-grade Ramp Zone. This area, located at the base of the Apollo system, has shown promising results as the company pushes forward in its exploration endeavors.
Overview of Recent Drill Results
The company has reported assay results from two new diamond drill holes targeting the Ramp Zone, marking an exciting development in their ongoing exploration initiatives. The findings include:
APC103-D6 Drill Hole
This drill hole has been particularly noteworthy, intersecting the Ramp Zone with a significant 50.50 metres containing 5.66 grams per tonne (g/t) of gold and 13 g/t of silver. This segment not only indicates rich mineralization but also extends the ramp system laterally by about 50 metres to the northeast.
APC106-D2 Drill Hole
On another front, the APC106-D2 drill hole was the deepest yet drilled into the Ramp Zone, boasting a 70 metre interval containing 2.00 g/t of gold and 5 g/t of silver. This successful penetration has further extended the Ramp Zone deeper, pushing it about 200 metres to the east.
Broader Impacts of the Drilling Campaign
The ongoing drilling program aims to define the Ramp Zone's dimensions, which now extends over 275 metres in strike and 200 metres vertically, with potential for further horizontal expansion. The Apollo project remains open in all directions, promising additional exploration potential.
Future Drilling Initiatives
Collective Mining has mobilized two large capacity rigs dedicated to the Ramp Zone drilling program. The first of these rigs, identified as APC-140D1, has already encountered favorable mineralization, illustrating the ongoing success of their targeted drilling efforts. The goal of this regimen is to push the Ramp Zone an additional 200 metres vertically and horizontally.
Company's Financial Position
As of the conclusion of the second quarter in 2025, Collective Mining boasts a solid financial position, holding approximately US$70.6 million in treasury. This robust funding framework supports a fully financed 70,000-metre drill program for the year. Seven of the current rigs are operational at the Guayabales Project, while three others are engaged at the San Antonio Project, enabling the company to pursue multiple objectives simultaneously.
Extended Exploration Insights
The company has completed around 137,000 metres of diamond drilling across its projects, including 97,000 metres focused solely on Apollo. Notably, there are currently significant assay results pending from sixteen drill holes, which are anticipated to provide further insights in the near future.
Management Perspective
Ari Sussman, the Executive Chairman of Collective Mining, expressed optimism regarding their drilling activities: "The arrival of our deeper capacity rigs has bolstered our exploration efforts. With the positive results we’ve obtained thus far, we are hopeful this drilling will reinforce our belief that the Ramp Zone could rival the dimensions of comparable mining deposits nearby, such as the Marmato Deeps, which is undergoing construction with production planned for 2026."
Comparison to Marmato Deeps
Interestingly, the Ramp Zone exhibits considerable geological similarities to the Marmato Deeps deposit, located just a short distance southeast. Both deposits are associated with gold and silver mineralization related to reduced intrusion systems, yet early exploration results from Ramp Zone suggest potentially higher gold grades.
Acquisition of Mineral Rights
Collective Mining has also made strategic moves in securing additional surface and mineral rights surrounding the Guayabales Project, enhancing their positioning for future infrastructure development. These acquisitions encompass key areas vital for potential expansions, securing a more favorable environment for ongoing and future operations.
Commitment to Shareholders
With 44.5% of the outstanding shares held by management, insiders, and strategic investors, the company demonstrates a strong alignment with its shareholders. Collective Mining Ltd. currently trades under the ticker symbol CNL, both on NYSE and TSX platforms.
Frequently Asked Questions
What is the Ramp Zone?
The Ramp Zone refers to a high-grade mineralization area within the Apollo system, identified for extensive gold and silver deposits.
What are the latest drilling results reported?
The latest drill results highlight significant gold and silver grades, with the APC103-D6 hole showing 50.50 metres at 5.66 g/t gold and 13 g/t silver.
How much has Collective Mining invested in exploration?
Collective Mining has committed to a fully funded 70,000 metre drill program for 2025, with significant involvement across multiple projects.
Who manages Collective Mining Ltd.?
The company is managed by Executive Chairman Ari Sussman, who has a background in successfully developing mining projects.
Where can I find more information about Collective Mining Ltd.?
For more information, visit the official website of Collective Mining at www.collectivemining.com.
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