Collective Mining Ltd. - CNL STOCK NEWS

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.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced promising results from recent cyanidation tests on samples from its Apollo system at the Guayabales Project in Colombia. The tests yielded an average gold dissolution of 94.3% from seven new variability samples, confirming previously reported high recovery rates.

Key highlights include:

• Average gold and silver recoveries of 94.3% and 63.7% respectively from cyanidation tests
• Improved overall gold and silver recoveries to 89.4% and 85.2% respectively from flotation and cyanidation of cleaner tailings
• Copper recovery maintained at 94% in copper-rich material

The company envisions a conventional split circuit for processing Apollo material, with copper-rich streams treated through flotation and copper-poor streams through cyanidation to produce doré. A gravity circuit is expected to be included for high-grade tungsten recovery. These results will help outline an initial process design and optimize conditions for future facilities.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced assay results from four directional diamond drill holes at its Apollo system within the Guayabales Project in Caldas, Colombia. The results extend the Apollo system to the southwest and confirm continuity of high-grade zones at depths over 1,000 metres. Highlights include:

- 401.80 metres @ 1.06 g/t gold equivalent from 369.00 metres (APC99-D4)
- 258.30 metres @ 1.56 g/t gold equivalent from 253.40 metres (APC99-D2)
- 158.45 metres @ 0.95 g/t gold equivalent from 289.95 metres (APC99-D3)

The company has five diamond drill rigs in operation as part of its fully funded 40,000 metres drill program for 2024. Two rigs are expanding the Apollo system, two are drilling at the Trap system, and one is at the Plutus Target.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced significant drilling results from its Trap Target at the Guayabales Project in Colombia. The company has extended the Trap Main Zone (TMZ) by 350 meters to a total strike length of 700 meters and discovered a new high-grade zone named Blackjack. Key highlights include:

1. Blackjack Zone: 30 meters @ 4.96 g/t gold equivalent from 11.85 meters downhole

2. TMZ extension: Hole TRC-12 intercepted 87.60 meters @ 1.57 g/t gold equivalent

3. TMZ remains open for expansion, with mapped surface strike length of 1,400 meters

The company continues aggressive exploration with two new drill pads constructed to test an additional 700 meters of strike potential. Collective Mining aims to potentially double the strike length at Trap to 1,400 meters.

Collective Mining (NYSE: CNL) (TSX: CNL) has commenced drilling at the Plutus Target within its Guayabales Project in Caldas, Colombia. The company is focusing on a copper-gold porphyry target in the southern portion of Plutus, which covers an area of over 500 square meters. The target is defined by large soil and rock anomalies with grades exceeding 300 ppm copper, 0.20 g/t gold, and 20 ppm molybdenum.

Additionally, Collective Mining has completed a reconnaissance drill program at the Box Target, located 1.5 kilometers west of the Apollo system. Highlight assay results include 18.55 metres @ 1.09 g/t gold equivalent and 55.00 metres @ 1.22 g/t gold equivalent. The company currently has five drill rigs operating as part of its fully funded 40,000-meter drilling program for 2024.

Collective Mining (NYSE: CNL) (TSX: CNL) has announced significant expansion of its Apollo system at the Guayabales Project in Colombia. The company has connected the Olympus and Apollo systems into one large system, now collectively known as Apollo. Key highlights include:

1. Discovery of shallow mineralized brecciated porphyry fingers 400 meters north of the current Apollo model.

2. Expanded Apollo system now measures approximately 1,000 meters by 800 meters and remains open for growth.

3. Notable drill results include 256.35 metres @ 1.23 g/t gold equivalent from 30.60 metres (APC98-D2).

4. The revised Apollo model covers a volume up to 600 metres of strike by 395 metres of width by 1,130 metres vertical.

5. Five drill rigs are currently operating at the Guayabales Project, with over 50% of the planned 40,000-meter program for 2024 completed.

Cleco Corporate Holdings has appointed Kristin Guillory as the new Chief Financial Officer. With 17 years at Cleco, she has held various finance roles including treasurer and president of Cleco Cajun LLC. Guillory, a certified public accountant and chartered financial analyst, holds a bachelor's degree in business administration from the University of Louisiana at Lafayette. CEO Bill Fontenot expressed confidence in her capabilities to enhance the finance organization and overall company success, emphasizing her deep knowledge and passion for Cleco.