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Collective Mining Reviews 2022 Achievements & Provides Preliminary Plans for 2023
TORONTO, Dec. 28, 2022 /CNW/ - Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) ("Collective" or the "Company") is pleased to provide an overview of its achiev
About this update from Collective Mining Ltd
[{"type":"text","content":" TORONTO, Dec. 28, 2022 /CNW/ - Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (\"Collective\" or the \"Company\") is pleased to provide an overview of its achievements in 2022 and a preliminary outline of its plans for 2023. The Company enjoyed an outstanding year exploring in the field as well as building relationships and related sustainability efforts off the field with its employees and stakeholders. Importantly, buy-in by employees of the Company's health and safety program has resulted in a record low Total Recordable Injury Frequency Rate (\"TRIFR\") of 1.44 (Dec. 2021 – Nov. 2022) and as of December 19, 2022, the Company's employees have gone 333 days without recording a safety incident. Exploration efforts in 2022 were directed at the Company's flagship Guayabales project (\"Guayabales\") where a major grassroot discovery was drilled at the Apollo target along with two additional earlier stage drilling discoveries at the Olympus and Trap targets. Guayabales is located in an established mining camp with 10 fully permitted and operating mines located within a three-kilometre radius and enjoys excellent infrastructure with abundant labor in close proximity. Additionally, Guayabales is contiguous to the Aris Mining's multi-million-ounce Marmato project, which was awarded its PTO by the national government of Colombia in November 2022. 2022 Highlights Guayabales Project Drilling: In 2022, the Company drilled a total of 22,907 metres on schedule and on budget, of which 14,975 metres (30 holes) were drilled at the Apollo target. Discovery 1: Apollo Target Main Breccia Discovery: The Company announced a significant grassroots discovery of a new bulk tonnage and high-grade, copper-silver-gold porphyry-related breccia system named the Main Breccia. The discovery hole for the Main Breccia system was announced on June 22, 2022, and since that time a total of 21 holes have been announced with an additional 9 holes awaiting assay results in the near term. From only a limited number of holes, the maximum known dimensions of the volume of rock, within which the Main Breccia system is hosted, measures 385 metres along strike by 350 metres across by 825 metres vertical. The system remains open for expansion in all directions. Apollo owes its excellent metal endowment to multiple phases of mineralization which...