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Collective Mining Expands Apollo System in Three Locations with Drill Results Including 560.05 Metres at 1.83 g/t Gold Equivalent
TORONTO, March 12, 2024 /CNW/ - Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) (FSE: GG1) ("Collective" or the "Company") is pleased to announce assay results
About this update from Collective Mining Ltd
[{"type":"text","content":"TORONTO, March 12, 2024 /CNW/ - Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) (FSE: GG1) (\"Collective\" or the \"Company\") is pleased to announce assay results for two holes drilled into the Apollo Porphyry System (\"Apollo\") at the Guayabales Project in Caldas, Colombia. Both holes increased the overall dimensions of Apollo with APC-92 expanding the southern portion of the system to the east and the west while APC-93 expanded the system in the north. The company presently has three drill rigs operating at the project with holes being drilled at the Apollo, Olympus Deeps and Trap targets respectively. A fourth rig has been mobilized to the Box target with drilling expecting to begin in April. Ari Sussman, Executive Chairman commented: \"We continue to see exciting results across the various targets at our Guayabales project as our aggressive 40,000 metre drill program for 2024 takes shape. Our exploration goal for the year is to evolve the Guayabales project into a major mining camp by continuing to expand Apollo, proving that both the recently discovered Trap and Olympus Deeps porphyry systems have potential for significant scale and to make one more new discovery at either the Box, Tower, or X targets. No doubt, this is a bold goal, but given the exceptional geology of the project and the prowess of our operating team on the ground, I am confident that we will be able to deliver. With yet another 1,000+ gram x metre intercept under our belt, Apollo continues to flex its muscle as an evolving world-class high-grade and bulk tonnage gold-silver-copper-tungsten system.\" Please click here to watch a video hosted by David Reading, Special Advisor to the Company and a QP under NI 43-101 review sections of core from drill hole APC-93. Highlights (see Table 1 and Figures 1-3) Hole APC-93 was drilled from Pad 14 to the north and was designed to both expand Apollo to the north and then intercept the Olympus Deeps porphyry system approximately 120 metres to the east of discovery hole APC88-D1 which cut 202.35 metres @ 2.16 g/t AuEq (see press release dated January 30, 2024 for further details). A broad zone of high-grade and continuous mineralization was intersected across the Apollo brecciated porphyry system with assays results as follows: 560.05 metres @ 1.83 g/t gold...