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Collective Mining Expands High-Grade Ramp Zone by Intersecting 51.95 Metres at 8.38 g/t AuEq Including 18.05 Metres at 16.32 g/t AuEq
Drill Hole APC103-D2 cut an impressive 51.95 metres grading 8.38 g/t gold equivalent in the New Ramp Zone discovery and is the deepest hole ever drilled at the
About this update from Collective Mining Ltd
[{"type":"text","content":" Drill Hole APC103-D2 cut an impressive 51.95 metres grading 8.38 g/t gold equivalent in the New Ramp Zone discovery and is the deepest hole ever drilled at the Apollo system with the hole bottoming in mineralization at approximately 1,200 metres below surface. Both holes announced herein have expanded the recently discovered high-grade Ramp Zone by approximately 50 meters along strike and 150 metres vertically. The Ramp Zone discovery appears to share many similarities to a reduced or partially reduced intrusion related system with numerous comparable characteristics to Aris Mining's multi-million-ounce Marmato Deeps gold deposit located only 1.75 kilometres along strike to the southeast and currently under construction. Drilling continues to test the Ramp Zone with two holes currently coring into the Ramp Zone and a third drill pad now under construction. The Ramp Zone remains completely open in all directions for expansion. TORONTO, Feb. 4, 2025 /CNW/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) (\"Collective\" or the \"Company\") is pleased to announce assay results for two follow-up drill holes into the recently discovered Ramp Zone which is located in the deeper portion of the Apollo system (\"Apollo\"), which in turn is the flagship discovery within the Company's multi-target Guayabales Project in Caldas, Colombia. Ari Sussman, Executive Chairman commented: \"Drilling into the Ramp Zone appears to be confirming that not only have we discovered a new high-grade gold system at the deepest drilled depths of the Apollo system, but that we have potentially only drilled the top of it. Without question, the fluids depositing gold at the Ramp Zone are more reduced than the top 1,000 metres of the Apollo system with a very strong correlation between gold and bismuth grades. Additionally, the Ramp Zone shares certain geological characteristics with the multi-million-ounce Marmato Deeps deposit but so far has materially higher grades due to the more porous host rock and overprinting late-stage porphyry related CBM veins. The Marmato Deeps deposit has been drilled over 700 metres vertically where it remains open. If our Ramp Zone discovery evolves into a system with similar dimensions as Marmato Deeps, we are only at the cusp of drilling a very large endowment of high-grade gold at depth.\" To watch a video of David Rea...