Collective Mining Ltd. - CNL STOCK NEWS

Collective Mining (NYSE: CNL) has initiated drilling at its San Antonio Project in Caldas, Colombia, planning to test three major gold-copper porphyry targets within a 2.5-kilometer mineralized corridor. The company has deployed five drill rigs as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs scheduled to begin operations in late January and February.

The drilling program will focus on three targets: Pound, where previous drilling in 2021 intercepted significant mineralization including 710 metres at 0.53 g/t gold equivalent and 750 metres at 0.41 g/t gold equivalent; Real, located 400 metres northwest of Pound, featuring gold and copper mineralized porphyry clasts; and Euro, situated one kilometer south of Pound, characterized by coherent soil anomalies for gold, copper, and molybdenum.

Collective Mining (NYSE: CNL) has announced final assay results from its 2024 drill program at the Trap and Plutus targets in Colombia. The company reported significant findings at the Trap Main Zone (TMZ), including an intercept of 40.5 metres at 4.01 g/t gold equivalent and the discovery of a new high-grade vein system yielding up to 0.8 metres at 816 g/t gold.

The TMZ shows mineralization continuity over 700 metres of strike length, starting from surface to a depth of 916 metres. The company has identified two distinct styles of mineralization: porphyry-related D veins mixed with late-stage polymetallic vein systems. A new high-grade gold vein system was discovered in the southern portion, showing at least 400 metres of strike length potential.

The company currently operates five drill rigs as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs scheduled to begin operations in late January and February.

Collective Mining (NYSE: CNL) has announced significant drilling results from its Apollo system at the Guayabales Project in Colombia. The company's drill hole APC104-D1 intercepted 534.40 metres at 2.70 g/t gold equivalent, including a high-grade section of 150.55 metres at 6.16 g/t gold equivalent.

This represents the largest grade accumulation intercepted to date at Apollo at 1,440 g/t gold equivalent, 38% higher than the average of previous significant intercepts. The company has completed two additional holes testing the newly modeled high-grade subzones, with assay results expected in early Q1, 2025.

For 2025, Collective Mining has planned a fully funded 60,000-metre drill program, the largest in company history, focusing on systematically testing the vertical extent of new modeled high-grade subzones covering more than 1,000 vertical metres.

Collective Mining (NYSE: CNL) (TSX: CNL) announces the passing of Paul Murphy, an Independent Director and Audit Committee Chair. Murphy was a Partner at PricewaterhouseCoopers LLP from 1981 to 2010, serving as National Mining Leader from 2004 to 2010. His career focused on the resource sector, including roles as Director at Continental Gold and CFO of Guyana Goldfields and Guyana Precious Metals.

The Company, founded by the team that sold Continental Gold Inc. to Zijin Mining for ~$2 billion, focuses on gold, silver, copper and tungsten exploration in Caldas, Colombia. Their flagship Guayabales project features the Apollo system, with management and insiders owning 44.5% of outstanding shares.

Collective Mining (NYSE: CNL) has discovered a new silver zone in the northern section of the Apollo system within its Guayabales project in Colombia. The discovery includes significant shallow silver intersections, with highlights of 75.45 metres at 80 g/t silver equivalent, including 13.0 metres at 315 g/t silver equivalent.

The shallow high-grade silver zone was intercepted from surface to vertical depths of 150 metres in oxidized material, covering an area of 250 by 100 metres, remaining open in all directions. The company is currently operating four drill rigs as part of its 40,000-meter 2024 drilling program and plans a larger 60,000-meter campaign for 2025.

Collective Mining (NYSE: CNL) announced the discovery of a northeastern extension to its Apollo system at the Guayabales Project in Caldas, Colombia. Key drilling results include an intercept of 150.50 metres at 1.74 g/t gold equivalent, including 42.0 metres at 4.02 g/t gold equivalent.

The company currently has five drill rigs operating as part of its 40,000-meter drilling program for 2024, with plans for a larger 60,000-meter program in 2025. Approximately 101,000 metres of diamond drilling has been completed to date, including 67,000 metres at Apollo. There are 25 drill holes awaiting assay results, expected before year-end 2024.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced a new high-grade gold discovery at the Apollo system within its Guayabales Project in Colombia. The discovery, named the Ramp Zone, was made through drill hole APC99-D5, which intersected 57.65 metres at 8.18 g/t gold equivalent, including 18.85 metres at 20.21 g/t gold equivalent. This new zone is located approximately 1,150 metres below surface and is interpreted as a partially reduced intrusion related Au-Ag-Cu system.

The Ramp Zone discovery is significant as it may add substantially to Apollo's mineral resource endowment. The Company plans to expand its drilling program to follow up on this discovery. Currently, Collective Mining has five diamond drill rigs operating within the Guayabales Project as part of its 40,000 metres drill program for 2024.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced assay results from initial reconnaissance drilling at the Plutus Target within its Guayabales Project in Colombia. The drilling has outlined a porphyry system with significant intercepts, including:

- 328.05 metres @ 0.31 g/t gold equivalent from surface (PSC-1)
- 199.60 metres @ 0.33 g/t gold equivalent from surface (PSC-2)
- 275.05 metres @ 0.30 g/t gold equivalent from 33.95 metres (PSC-3)
- 131.55 metres @ 0.67 g/t gold equivalent from 46.70 metres (PSC-4)

Early modelling suggests that better mineralization may exist to the north and at depth. The company is conducting a 40,000-meter drilling program for 2024 with five drill rigs operating at the Guayabales Project.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced positive results from recent metallurgical tests on samples from its Apollo system at the Guayabales Project in Colombia. New cyanidation tests yielded an average gold dissolution of 94.3% from seven variability samples, confirming previously reported high recovery rates. The company also reported improved recoveries for gold (89.4%) and silver (85.2%) from optimization test work on a flotation concentrate.

The company envisions a conventional split circuit for processing, with copper-rich material treated through flotation and copper-poor material through cyanidation to produce doré. A gravity circuit is expected to be included for high-grade tungsten recovery. Collective Mining currently has five diamond drill rigs in operation as part of its fully funded 40,000-metre drill program for 2024.