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Collective Mining Announces an Expanded Drill Program Following the Closing of its C$63.4 Million Financing
Collective Mining Announces an Expanded Drill Program Following the Closing of its C$63.4 Million...
About this update from Collective Mining Ltd
[{"type":"text","content":"\n\n\n\n Collective Mining Announces an Expanded Drill Program Following the Closing of its C$63.4 Million Financing\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n April 2, 2025\n \n\n /CNW/ -\n \n Collective Mining Ltd.\n \n (NYSE: CNL) (TSX: CNL)\n \n (\"Collective\" or the \"Company\")\n \n is pleased to announce plans for an expanded drill program following the successful completion of its recent financing for\n \n C$63.4 million\n \n (see press release dated\n \n March 20, 2025\n \n ). With a robust treasury totaling more than\n \n US$78 million\n \n , the Company is more than fully funded for an expanded 70,000 metre drill program in 2025. The revised program will now include up to ten diamond drill rigs in operation across the Guayabales and\n \n San Antonio\n \n projects and will be the largest in the history of the Company. Additionally, the Company will accelerate baseline environmental, hydrological and metallurgical studies so that permitting could begin in the future at a faster pace than originally envisioned.\n \n\n\n Ari Sussman\n \n Executive Chairman commented: \"The Apollo System, which is the most important discovery to date within the Company's Guayabales Project, has emerged as an important large-scale, bulk tonnage, and high-grade system generated from grassroots exploration. The emergence of\n \n Apollo\n \n occurs at a time when there is a dearth of new and impactful exploration discoveries within our industry. We continue to believe that\n \n Apollo\n \n is the tip of the iceberg within the Guayabales Project and that further discoveries will come with aggressive drilling and perseverance. The f...