/C O R R E C T I O N from source -- Collective Mining Ltd./
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) ha annunciato risultati promettenti dai recenti test di cianurazione su campioni del suo sistema Apollo presso il progetto Guayabales in Colombia. I test hanno evidenziato una dissoluzione media dell'oro del 94,3% da sette nuovi campioni di variabilità, confermando i tassi di recupero elevati precedentemente riportati.
Tra i punti salienti:[/p]
- Recuperi medi di oro e argento del 94,3% e 63,7% rispettivamente dai test di cianurazione
- Recuperi complessivi di oro e argento migliorati al 89,4% e 85,2% rispettivamente dalla flottazione e cianurazione dei tailings più puri
- Recupero di rame mantenuto al 94% nel materiale ricco di rame
L'azienda prevede un circuito di trattamento convenzionale per il materiale di Apollo, con flussi ricchi di rame trattati tramite flottazione e flussi poveri di rame tramite cianurazione per produrre doré. Si prevede che venga incluso un circuito di gravità per il recupero di tungsteno ad alta legge. Questi risultati aiuteranno a delineare un design di processo iniziale e a ottimizzare le condizioni per le strutture future.
Collective Mining (NYSE: CNL) (TSX: CNL) ha anunciado resultados prometedores de las recientes pruebas de cianuración en muestras de su sistema Apollo en el proyecto Guayabales en Colombia. Las pruebas arrojaron una dissolución promedio de oro del 94.3% de siete nuevas muestras de variabilidad, confirmando las altas tasas de recuperación previamente informadas.
Los aspectos destacados incluyen:
- Recuperaciones promedio de oro y plata del 94.3% y 63.7% respectivamente de las pruebas de cianuración
- Mejoras en las recuperaciones generales de oro y plata al 89.4% y 85.2% respectivamente a partir de la flotación y cianuración de los relaves más limpios
- Mantenimiento del 94% en el recuperación de cobre en material rico en cobre
La empresa prevé un circuito de procesamiento convencional para el material de Apollo, con flujos ricos en cobre tratados a través de flotación y flujos pobres en cobre a través de cianuración para producir doré. Se espera que se incluya un circuito de gravedad para la recuperación de tungsteno de alta ley. Estos resultados ayudarán a delinear un diseño de proceso inicial y a optimizar las condiciones para las futuras instalaciones.
Collective Mining (NYSE: CNL) (TSX: CNL)는 콜롬비아의 Guayabales 프로젝트에 있는 Apollo 시스템의 샘플에 대한 최근의 시안화 테스트에서 유망한 결과를 발표했습니다. 이 테스트는 금 평균 용해율이 94.3%에 해당하는 7개의 새로운 변동성 샘플을 제공하여 이전에 보고된 높은 회수율을 확인했습니다.
주요 하이라이트는 다음과 같습니다:
- 시안화 테스트에서 금과 은 평균 회수율이 각각 94.3%와 63.7%에 달함
- 플로테이션 및 시안화 클리너 테일링에서 전체 금 및 은 회수율이 각각 89.4%와 85.2%로 개선됨
- 구리 풍부한 물질에서 94%의 구리 회수 지속
회사는 Apollo 자재 처리를 위한 전통적인 분할 회로를 구상하고 있으며, 구리 풍부한 흐름은 플로테이션을 통해 처리하고 구리 부족한 흐름은 시안화를 통해 doré를 생산할 것입니다. 고품질 텅스텐 회수를 위하여 중력 회로가 포함될 것으로 예상됩니다. 이러한 결과는 초기 공정 설계를 윤곽 짓고 향후 시설의 조건을 최적화하는 데 도움이 될 것입니다.
Collective Mining (NYSE: CNL) (TSX: CNL) a annoncé des résultats prometteurs des récents tests de cyanuration sur des échantillons de son système Apollo au projet Guayabales en Colombie. Les tests ont révélé une dissolution moyenne de l'or de 94,3% à partir de sept nouveaux échantillons de variabilité, confirmant les taux de récupération élevés précédemment rapportés.
Les points saillants incluent :
- Récupérations moyennes d'or et d'argent de 94,3 % et 63,7 % respectivement à partir des tests de cyanuration
- Récupérations globales d'or et d'argent améliorées à 89,4 % et 85,2 % respectivement à partir de la flottation et de la cyanuration des résidus plus propres
- Récupération de cuivre maintenue à 94 % dans le matériau riche en cuivre
La société envisage un circuit de traitement conventionnel pour le matériel d'Apollo, avec des flux riches en cuivre traités par flottation et des flux pauvres en cuivre par cyanuration pour produire du doré. Un circuit gravitaire devrait être inclus pour la récupération de tungstène de haute teneur. Ces résultats aideront à esquisser un design de processus initial et à optimiser les conditions pour les futures installations.
Collective Mining (NYSE: CNL) (TSX: CNL) hat vielversprechende Ergebnisse aus den jüngsten Cyanidierungstests an Proben aus ihrem Apollo-System im Guayabales-Projekt in Kolumbien bekannt gegeben. Die Tests ergaben eine durchschnittliche Goldauflösung von 94,3% aus sieben neuen Variabilitätsproben, was die zuvor berichteten hohen Wiedergewinnungsraten bestätigt.
Wichtige Highlights umfassen:
- Durchschnittliche Gold- und Silberwiedergewinnungen von 94,3% bzw. 63,7% aus den Cyanidierungstests
- Verbesserte Gesamtrückgewinnungen von Gold und Silber auf 89,4% und 85,2% aus Flotation und Cyanidierung der saubereren Tailings
- Kupferwiedergewinnung bei 94% in kupferhaltigem Material gehalten
Das Unternehmen plant, einen konventionellen Split Circuit für die Verarbeitung von Apollo-Material zu verwenden, wobei kupferreiche Ströme durch Flotation und kupferarme Ströme durch Cyanidierung zur Produktion von Doré behandelt werden. Ein Schwerkraftkreislauf wird voraussichtlich für die Hochgrad-Tungsten-Rückgewinnung integriert. Diese Ergebnisse werden dazu beitragen, ein erstes Prozessdesign zu umreißen und die Bedingungen für zukünftige Anlagen zu optimieren.
- None.
- None.
In the news release, Collective Mining Reports High Recovery Rates for Gold at Apollo Averaging
Collective Mining Reports High Recovery Rates for Gold at Apollo Averaging 94.3% From New Variability Metallurgical Test Work
As a reminder, based on previous work completed, the Company envisions a conventional split circuit for processing material from Apollo with the copper rich stream (more than
The Company has five diamond drill rigs in operation as part of its fully funded 40,000 metres drill program for 2024, with two rigs drilling at Apollo, two rigs drilling at the Trap system and one rig drilling at the Plutus Target.
Ari Sussman, Executive Chairman commented: "The comprehensive metallurgical test work completed on Apollo confirms the simple nature of achieving high recovery rates of valuable metals from the system using conventional technologies."
Details
Table 1: New Cyanidation Bottle Roll Leaching Variability Test Work Results
Seven variability samples with representative copper poor sulfide mineralization distributed across the Apollo system:
Variability | Head Grade | Dissolution | |||
Au, g/t | Ag, g/t | %Cu | Gold | Silver | |
BAM002 | 1.28 | 6.77 | 0.03 | 95.7 | 62.1 |
BAM003 | 1.22 | 43.19 | 0.12 | 92.9 | 73.8 |
BAM004 | 1.52 | 5.76 | 0.02 | 94.2 | 67.4 |
BAM005 | 0.39 | 6.44 | 0.02 | 95.0 | 54.4 |
BAM006 | 1.12 | 11.27 | 0.04 | 90.5 | 69.3 |
BAM007 | 0.39 | 3.96 | 0.01 | 95.0 | 61.7 |
BAM008 | 1.10 | 4.72 | 0.01 | 96.8 | 57.4 |
Average | 1.00 | 11.73 | 0.03 | 94.3 | 63.7 |
- New cyanidation variability tests undertaken in SGS
Lima, Peru returned average gold and silver recoveries of94.3% and63.7% , respectively. The seven samples are widely distributed throughout both shallow and deeper portions of Apollo and are representative of the copper poor, sulfide material planned to be treated through a cyanidation circuit to produce doré. The samples were specifically selected to reflect lower grades (average 1.0 g/t Au and 11.7 g/t Ag, see Table 1) than previously tested. The results corroborate previous cyanidation test work recoveries (see press release dated October 17, 2023) and confirm the amenability of material from Apollo to yield high dissolution of gold over a wide range of grades.
Table 2: The Locked Cycle Cleaner Tailing Cyanidation Bottle Roll Leach Test Work Results
The composite with representative grade profile of copper-rich mineralization from Apollo, weighed 20 kilograms and was floated in a Locked Cycle Test to produce 600 grams of cleaner tailings which were subsequently subjected to cyanidation at ALS Laboratories in
Bulk Flotation Test | Additional Recovery | Overall | ||
Grade | Recovery | |||
Copper | 21.3 % | 94.4 % | - | 94.4 % |
Gold | 49.4 g/t | 79.4 % | 10 % | 89.4 % |
Silver | 961 g/t | 83.6 % | 2 % | 85.2 % |
- Results confirm a significant improvement of the overall gold and silver recoveries to
89.4% and85.2% respectively when compared to previous best recoveries of79.4% Au and83.6% Ag (see press release dated April 11, 2024). These results demonstrate significant improvements in metal recovery of approximately10% for gold and2% for silver while maintaining copper recovery at94% in the copper rich material to be treated through a flotation circuit. - The results announced in this press release and those previously announced in the cyanidation and flotation press releases complete a comprehensive metallurgical test work program resulting in optimization of recoveries for the gold, silver, copper and tungsten in the Apollo system. These studies can now be utilized to outline an initial process design and assist in optimizing conditions for cyanidation and flotation facilities with respect to copper rich and copper poor streams.
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold-tungsten Apollo porphyry system. The Company's 2024 objective is to expand the Apollo system, step out along strike to expand the recently discovered Trap system and make a new discovery at either the Tower, X or Plutus targets.
Management, insiders, a strategic investor and close family and friends own nearly
Qualified Person (QP) and NI43-101 Disclosure
John Wells is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr Wells is a graduate of the Royal School of Mines in the
Technical Information
The Cyanidation Bottle Roll Leaching Variability samples were prepared and analyzed at the SGS facilities in Callao,
The Locked Cycle Cleaner Tailing Cyanidation Bottle Roll Leach sample was prepared and analyzed at ALS Canada Ltd.'s
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) on X
Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including final listing mechanics and the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 27, 2024. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
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SOURCE Collective Mining Ltd.
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