Collective Mining Commences Drilling at the San Antonio Project
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) ha avviato le perforazioni presso il suo Progetto San Antonio a Caldas, Colombia, pianificando di testare tre importanti obiettivi di porfido oro-rame all'interno di un corridoio mineralizzato di 2,5 chilometri. L'azienda ha messo in campo cinque trivelle come parte del suo programma di perforazione completamente finanziato di 60.000 metri per il 2025, con due trivelle aggiuntive programmato per iniziare le operazioni a fine gennaio e febbraio.
Il programma di perforazione si concentrerà su tre obiettivi: Pound, dove le perforazioni precedenti nel 2021 hanno intercettato una significativa mineralizzazione includendo 710 metri a 0,53 g/t equivalente oro e 750 metri a 0,41 g/t equivalente oro; Real, situato 400 metri a nord-ovest di Pound, caratterizzato da clasti mineralizzati di oro e rame; e Euro, posizionato un chilometro a sud di Pound, caratterizzato da anomalie coerenti nel suolo per oro, rame e molibdeno.
Collective Mining (NYSE: CNL) ha iniciado la perforación en su Proyecto San Antonio en Caldas, Colombia, con el objetivo de probar tres importantes objetivos de pórfido de oro-cobre dentro de un corredor mineralizado de 2.5 kilómetros. La empresa ha desplegado cinco plataformas de perforación como parte de su programa de perforación completamente financiado de 60,000 metros para 2025, con dos plataformas adicionales programadas para comenzar operaciones a finales de enero y febrero.
El programa de perforación se centrará en tres objetivos: Pound, donde perforaciones anteriores en 2021 interceptaron una mineralización significativa que incluye 710 metros a 0.53 g/t equivalente de oro y 750 metros a 0.41 g/t equivalente de oro; Real, ubicado a 400 metros al noroeste de Pound, que presenta clastos mineralizados de oro y cobre; y Euro, situado un kilómetro al sur de Pound, caracterizado por anomalías coherentes en el suelo para oro, cobre y molibdeno.
Collective Mining (NYSE: CNL)은 콜롬비아 칼다스에 위치한 산안토니오 프로젝트에서 드릴링을 시작했습니다. 2.5킬로미터의 광물화 구역 내에서 주요 금-구리 포르프리 목표 3개를 테스트할 계획입니다. 회사는 2025년을 위한 60,000미터의 드릴 프로그램의 일환으로 다섯 대의 드릴(rig)을 배치했으며, 두 대의 추가 드릴은 1월 말과 2월에 작업을 시작할 예정입니다.
드릴링 프로그램은 세 가지 목표에 집중합니다: Pound는 2021년에 행해진 이전 드릴링에서 710미터에서 0.53 g/t 금 등가와 750미터에서 0.41 g/t 금 등가의 중요한 광물화를 뚫어냈습니다; Real은 Pound에서 북서쪽으로 400미터 떨어진 곳에 위치하며, 금과 구리 광물이 포함된 포르프리 클라스트가 특징입니다; 그리고 Euro는 Pound에서 남쪽으로 1킬로미터 떨어진 곳에 위치하며, 금, 구리 및 몰리브덴에 대한 일관된 토양 이상이 특징입니다.
Collective Mining (NYSE: CNL) a lancé des forages dans son Projet San Antonio à Caldas, Colombie, prévoyant d'explorer trois cibles principales de porphyre d'or-cuivre dans un corridor minéralisé de 2,5 kilomètres. L'entreprise a déployé cinq foreuses dans le cadre de son programme de forage entièrement financé de 60 000 mètres pour 2025, avec deux foreuses supplémentaires prévues pour commencer les opérations fin janvier et en février.
Le programme de forage se concentrera sur trois cibles : Pound, où des forages antérieurs en 2021 ont intercepté une minéralisation significative, y compris 710 mètres à 0,53 g/t d'équivalent or et 750 mètres à 0,41 g/t d'équivalent or ; Real, situé à 400 mètres au nord-ouest de Pound, featuring des clastes minéralisés en or et en cuivre ; et Euro, situé un kilomètre au sud de Pound, caractérisé par des anomalies du sol cohérentes pour l'or, le cuivre et le molybdène.
Collective Mining (NYSE: CNL) hat mit den Bohrungen in seinem San Antonio Projekt in Caldas, Kolumbien, begonnen und plant, drei Hauptziele von Gold-Kupfer-Porphyr zu testen, die sich in einem 2,5 Kilometer langen mineralisierten Korridor befinden. Das Unternehmen hat fünf Bohranlagen im Rahmen seines vollständig finanzierten Bohrprogramms über 60.000 Meter für 2025 eingesetzt, wobei zwei zusätzliche Anlagen Ende Januar und Februar zu arbeiten beginnen sollen.
Das Bohrprogramm wird sich auf drei Ziele konzentrieren: Pound, wo frühere Bohrungen im Jahr 2021 signifikante Mineralisierungen mit 710 Metern bei 0,53 g/t Goldäquivalent und 750 Metern bei 0,41 g/t Goldäquivalent ergaben; Real, das 400 Meter nordwestlich von Pound liegt und mineralisierte Gold- und Kupferporphyr-Cluster aufweist; und Euro, das einen Kilometer südlich von Pound liegt und durch konstante Bodenanomalien für Gold, Kupfer und Molybdän gekennzeichnet ist.
- Fully funded 60,000-metre drill program for 2025
- Previous drilling success with significant mineralization intercepts (710m @ 0.53 g/t Au eq, 750m @ 0.41 g/t Au eq)
- Expansion of drilling capacity with 7 total rigs by February 2025
- Strong treasury position mentioned by management
- None.
Insights
The commencement of drilling at San Antonio represents a pivotal moment for Collective Mining, with several compelling technical aspects that warrant attention. The previous intercepts of 710 metres at 0.53 g/t gold equivalent and 750 metres at 0.41 g/t gold equivalent from surface are particularly significant, as they suggest a large-scale mineralized system with potential economic viability.
The geological setting is especially intriguing, with the presence of brecciated porphyry quartz diorite and metagabbro country rock, coupled with increasing copper grades at depth. This mineral assemblage and grade distribution pattern is characteristic of the upper portions of substantial porphyry systems, suggesting the potential for higher-grade mineralization at depth. The expansion of the surface footprint to 650 metres x 550 metres at the Pound target provides strong evidence of a significant system scale.
The strategic decision to deploy multiple rigs across three targets - Pound, Real and Euro - demonstrates a well-planned exploration approach. The soil anomalies at Real and Euro targets, particularly the coincident gold (>0.3 ppm), copper (>100 ppm) and molybdenum (>20 ppm) anomalies at Euro, present classic porphyry system signatures. These geochemical patterns, combined with the observed alteration assemblages, suggest a well-preserved mineralized system with substantial exploration potential.
The company's fully funded 60,000-metre drill program for 2025, with seven rigs soon to be operational, indicates strong financial backing and operational capability. This aggressive exploration approach, supported by a strong treasury, positions Collective Mining to potentially make a significant discovery in a region known for world-class deposits.
The Company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025. Two additional rigs have been contracted, with drilling anticipated to begin in late January and February, respectively.
Ari Sussman, Executive Chairman commented: "Shortly after going public in 2021, the Company announced a bonafide grassroots discovery at the San Antonio Project by drilling two very high-risk holes on the same section line at different dips into the Pound target with each hole cutting more than 700 meters of mineralization from surface. Immediately thereafter, our attention shifted to the Guayabales Project, leading to the discovery of the Apollo system, which has remained our chief focus ever since. With a strong treasury and an expanded operating team in place today, we are coming full circle and revisiting
Details (see Figures 1-2)
- Over the past year, the Company´s exploration team has reinterpreted historical data and completed an extensive surface mapping and geochemical sampling program at
San Antonio , which led to the definition of a strongly altered and mineralized 2.5-kilometer corridor of interest. Within the corridor, three targets named Pound, Real and Euro have been prioritized for drill testing in the Phase 1 program. - Diamond drilling has commenced at the Pound target where previous drilling by the Company in 2021 intercepted from surface 710 metres at 0.53 g/t gold equivalent (SAC-08) and 750 metres at 0.41 g/t gold equivalent (SAC-06) within a mix of brecciated porphyry quartz diorite and metagabbro country rock (see press release dated October 27, 2021). Both holes cut increasing grades of copper at depth and bottomed in mineralization. Recent mapping and sampling has encountered widespread mineralization and has expanded the surface footprint of the highly altered system to 650 metres x 550 metres. The Company believes that prior drilling may have discovered the pyrite halo of a copper-gold porphyry system with stronger mineralization potentially in close proximity.
- New gold and copper soil anomalies have been outlined over surface areas exceeding 400 metres x 250 metres at the Real and Euro targets respectively and will be tested with reconnaissance drilling in Q1, 2025. The following observations are highlighted:
- The Real target is located 400 metres to the northwest of Pound and is characterized by multiple gold and copper mineralized porphyry clasts hosted within breccia bodies.
- The Euro target is located one kilometer south of Pound and is defined by a coherent and coincident soil anomalies for gold (> 0.3 ppm), copper (> 100 ppm) and molybdenum (> 20 ppm). The anomalous area hosts zones of porphyry quartz and sulphide veinlets associated with strong sericitic alteration which suggest the upper and/or peripheral portion of a porphyry system has been discovered.
- The Real target is located 400 metres to the northwest of Pound and is characterized by multiple gold and copper mineralized porphyry clasts hosted within breccia bodies.
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
Management, insiders, a strategic investor and close family and friends own
Qualified Person (QP) and NI43-101 Disclosure
David J Reading 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. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).
Technical Information
Rock, soils and core samples from the San Antonio Project have been prepared and analyzed at SGS laboratory facilities in
Information Contact:
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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 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.
FAQ
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