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Collective Mining Expands High-Grade Subzones in Apollo, Intersects 181.35 Metres at 5.38 g/t AuEq

Julian WestWednesday, Jan 15, 2025 4:07 pm ET
1min read


Collective Mining Ltd. (NYSE: CNL, TSX: CNL) has announced significant expansion of the newly discovered high-grade subzones within the Apollo system at its Guayabales Project in Caldas, Colombia. The Company intersected 181.35 metres at 5.38 g/t gold equivalent (AuEq) within 402.60 metres at 3.06 g/t AuEq in drill hole APC104-D2, further enhancing the grade profile and resource potential of the Apollo system.

The expansion of the Apollo system to the northeast has the potential to significantly increase the grade profile of the Apollo system block model. The high-grade interval of 181.35 metres at 5.38 g/t AuEq is the fourth highest-grade intercept at Apollo, yielding 1,232 g/t AuEq. This high-grade interval is part of a broader intercept of 402.60 metres at 3.06 g/t AuEq, which further demonstrates the potential for grade improvement and resource expansion within the Apollo system.

The Company's geological modeling and recent drilling results have confirmed the presence of high-grade subzones within the Apollo system. The expansion of these subzones to cover a lateral area of up to 100 metres indicates the potential for significant grade improvement and resource growth. Additionally, the discovery of these high-grade subzones has the potential to significantly increase the grade profile of the Apollo system block model, enhancing the project's economics.

Collective Mining is planning an expanded drilling program to follow up on the high-grade subzones discovery, with further details to be provided in due course. The Company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs expected to commence drilling in late January and February, respectively.



In conclusion, Collective Mining's expansion of the high-grade subzones within the Apollo system, as demonstrated by the latest drilling results, further enhances the project's grade profile and resource potential. The Company's ongoing drilling program and geological modeling efforts are expected to continue delivering remarkable exploration success, with the potential to significantly impact the overall grade and resource endowment of the Apollo system.
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AGNES MORALES
01/16

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qw1ns
01/16
@AGNES MORALES Good.
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xX_codgod420_Xx
01/15
Guayabales Project is turning out to be a gold mine (literally). Can't wait to see how $CNL's stock reacts to upcoming drilling results.
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sniperadjust
01/15
@xX_codgod420_Xx What's your price target for $CNL?
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Ironman650
01/16
@xX_codgod420_Xx Agreed, Guayabales is a gold nugget.
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themagicalpanda
01/15
High-grade subzones expanding like crazy at Apollo. Could be a game-changer for $CNL. More drilling ahead, so buckle up.
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falcongrinder
01/15
@themagicalpanda What's your price target for $CNL?
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WorkingCareful7935
01/15
Apollo system's potential is seriously underrated. This could be a hidden gem for gold investors. Keep an eye on this one, folks.
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SpirituallyAwareDev
01/15
181.35m at 5.38 g/t AuEq is 🔥. Collective Mining is cooking something good in Colombia. I'm holding and hoping for more juicy updates.
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raool309
01/15
High-grade subzones expanding, additional rigs joining soon. It's full steam ahead for $CNL. Let's see if they can keep delivering surprises.
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donutloop
01/15
Grade profile boost = potential resource bonanza. Curious how this will impact their next resource estimate. Anyone else thinking the same?
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Phuffu
01/15
@donutloop Could be a big W for CNL.
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greyenlightenment
01/16
@donutloop Yeah, that's a sweet hit.
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alecjperkins213
01/15
I'm holding $CNL long-term. Drilling program is well-funded, so I'm riding this wave of exploration success. Hope it pans out.
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Repa24
01/16
@alecjperkins213 How long you been holding $CNL? Curious if you got a target in mind or just letting it ride.
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getintocollegern
01/15
Drilling program fully funded, more gains incoming.
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Hungry-Bee-8340
01/15
High-grade subzones = 🚀 potential for $CNL
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TeslaCoin1000000
01/15
Apollo system's grade profile looking solid.
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tielgee
01/15
@TeslaCoin1000000 Solid, but can they maintain it?
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01/15

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01/16
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Mylessandstone69
01/15
The broader 402.60m intercept is solid. Demonstrates the system's potential for both grade and size. I'm optimistic about their strategy here.
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car12703
01/15
Whoa, 5.38 g/t AuEq? That's some juicy stuff. 🤑 Wonder if $CNL will become the next big thing in gold mining.
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