Collective Mining Drills Best Intersection to Date at Apollo Returning 106.35 Metres at 9.05 g/t AuEq Within 497.35 Metres at 3.01 g/t AuEq
Collective Mining has announced significant drilling results from its Apollo system within the Guayabales Project in Caldas, Colombia. The highlight is drill hole APC104-D5, which yielded the best intersection to date, returning 106.35 metres at 9.05 g/t gold equivalent within 497.35 metres at 3.01 g/t gold equivalent.
The company's drilling program has revealed high-grade sub-zones within the Apollo system, with APC104-D5 achieving a record grade accumulation of 1,499 g/t gold equivalent. Additional holes APC104-D3 and APC104-D4 returned notable results of 351.35 metres at 2.00 g/t and 176.40 metres at 3.15 g/t gold equivalent, respectively.
Collective Mining currently operates six drill rigs as part of its fully funded 60,000-metre drill program for 2025, with a seventh rig being mobilized. The company has completed approximately 108,000 metres of diamond drilling at the Guayabales Project, including 72,500 metres at Apollo.
Collective Mining ha annunciato risultati di perforazione significativi dal suo sistema Apollo all'interno del progetto Guayabales a Caldas, Colombia. Il punto culminante è il foro di perforazione APC104-D5, che ha fornito la migliore intersezione fino ad oggi, restituendo 106,35 metri a 9,05 g/t equivalente oro all'interno di 497,35 metri a 3,01 g/t equivalente oro.
Il programma di perforazione dell'azienda ha rivelato sub-zone ad alta legge all'interno del sistema Apollo, con APC104-D5 che ha raggiunto un accumulo di grado record di 1.499 g/t equivalente oro. I fori aggiuntivi APC104-D3 e APC104-D4 hanno restituito risultati notevoli di 351,35 metri a 2,00 g/t e 176,40 metri a 3,15 g/t equivalente oro, rispettivamente.
Collective Mining attualmente opera sei impianti di perforazione come parte del suo programma di perforazione completamente finanziato di 60.000 metri per il 2025, con un settimo impianto in fase di mobilitazione. L'azienda ha completato circa 108.000 metri di perforazione a diamante nel progetto Guayabales, inclusi 72.500 metri ad Apollo.
Collective Mining ha anunciado resultados de perforación significativos de su sistema Apollo dentro del proyecto Guayabales en Caldas, Colombia. El punto destacado es el agujero de perforación APC104-D5, que produjo la mejor intersección hasta la fecha, devolviendo 106.35 metros a 9.05 g/t de equivalente de oro dentro de 497.35 metros a 3.01 g/t de equivalente de oro.
El programa de perforación de la compañía ha revelado sub-zonas de alta ley dentro del sistema Apollo, con APC104-D5 logrando una acumulación de grado récord de 1,499 g/t de equivalente de oro. Los agujeros adicionales APC104-D3 y APC104-D4 devolvieron resultados notables de 351.35 metros a 2.00 g/t y 176.40 metros a 3.15 g/t de equivalente de oro, respectivamente.
Collective Mining opera actualmente seis equipos de perforación como parte de su programa de perforación totalmente financiado de 60,000 metros para 2025, con un séptimo equipo en proceso de movilización. La empresa ha completado aproximadamente 108,000 metros de perforación de diamante en el proyecto Guayabales, incluidos 72,500 metros en Apollo.
Collective Mining은 콜롬비아 칼다스에 있는 Guayabales 프로젝트 내 Apollo 시스템에서 중요한 드릴링 결과를 발표했습니다. 주요 내용은 APC104-D5 드릴 홀로, 현재까지 최고의 교차점을 기록하며 497.35미터에서 3.01 g/t 금 함량을 가진 106.35미터를 9.05 g/t 금 등가물로 반환했습니다.
회사의 드릴링 프로그램은 Apollo 시스템 내에서 고등급 하위 영역을 밝혀냈으며, APC104-D5는 1,499 g/t 금 등가물의 기록적인 등급 누적치를 달성했습니다. 추가 드릴 홀인 APC104-D3와 APC104-D4는 각각 351.35미터에서 2.00 g/t 및 176.40미터에서 3.15 g/t 금 등가물의 주목할 만한 결과를 반환했습니다.
Collective Mining은 2025년을 위한 60,000미터 드릴링 프로그램의 일환으로 현재 6개의 드릴 장비를 운영하고 있으며, 7번째 장비가 동원되고 있습니다. 이 회사는 Guayabales 프로젝트에서 약 108,000미터의 다이아몬드 드릴링을 완료했으며, Apollo에서 72,500미터를 포함하고 있습니다.
Collective Mining a annoncé des résultats de forage significatifs de son système Apollo dans le projet Guayabales à Caldas, en Colombie. Le point culminant est le trou de forage APC104-D5, qui a donné la meilleure intersection à ce jour, retournant 106,35 mètres à 9,05 g/t d'équivalent or dans 497,35 mètres à 3,01 g/t d'équivalent or.
Le programme de forage de l'entreprise a révélé des sous-zones de haute teneur au sein du système Apollo, APC104-D5 ayant atteint une accumulation de grade record de 1 499 g/t d'équivalent or. D'autres trous, APC104-D3 et APC104-D4, ont donné des résultats notables de 351,35 mètres à 2,00 g/t et 176,40 mètres à 3,15 g/t d'équivalent or, respectivement.
Collective Mining exploite actuellement six foreuses dans le cadre de son programme de forage entièrement financé de 60 000 mètres pour 2025, avec une septième foreuse en cours de mobilisation. L'entreprise a complété environ 108 000 mètres de forage diamanté dans le projet Guayabales, dont 72 500 mètres à Apollo.
Collective Mining hat bedeutende Bohrergebnisse aus seinem Apollo-System im Guayabales-Projekt in Caldas, Kolumbien, bekannt gegeben. Der Höhepunkt ist das Bohrloch APC104-D5, das die beste Schnittstelle bisher geliefert hat und 106,35 Meter bei 9,05 g/t Goldäquivalent innerhalb von 497,35 Metern bei 3,01 g/t Goldäquivalent zurückgibt.
Das Bohrprogramm des Unternehmens hat hochgradige Subzonen innerhalb des Apollo-Systems offenbart, wobei APC104-D5 eine Rekordgradakkumulation von 1.499 g/t Goldäquivalent erreicht hat. Weitere Löcher, APC104-D3 und APC104-D4, lieferten bemerkenswerte Ergebnisse von 351,35 Metern bei 2,00 g/t und 176,40 Metern bei 3,15 g/t Goldäquivalent.
Collective Mining betreibt derzeit sechs Bohranlagen im Rahmen seines vollständig finanzierten Bohrprogramms von 60.000 Metern für 2025, wobei eine siebte Anlage mobilisiert wird. Das Unternehmen hat ungefähr 108.000 Meter Diamantbohrungen im Guayabales-Projekt abgeschlossen, darunter 72.500 Meter im Apollo.
- Record-breaking drill results with best intersection to date (106.35m @ 9.05 g/t AuEq)
- Successful confirmation of high-grade sub-zones within Apollo system
- Fully funded 60,000-metre drill program for 2025
- Expansion of drilling capacity with seventh rig being added
- None.
Insights
The latest drilling results from Collective Mining's Apollo target represent a transformative development that significantly enhances the project's economic potential. The headline intersection of 106.35 metres at 9.05 g/t AuEq is exceptional by industry standards - for context, many operating gold mines work with grades below 2 g/t, making this intersection approximately 4.5 times richer than typical economic deposits.
The grade-thickness value of 1,499 gram-meters is particularly significant as it suggests potential for highly efficient bulk mining methods. The presence of semi-massive to massive sulfides, including pyrite, pyrrhotite, sphalerite, galena, and chalcopyrite, indicates a robust mineralizing system with potential for both precious and base metal credits, which could substantially improve the project's economics.
The strategic drilling approach focusing on high-grade sub-zones is proving highly effective. The discovery of multiple high-grade zones, including 24.85 metres at 25.42 g/t AuEq, suggests the potential for a series of high-grade pods within the broader mineralized envelope. This configuration could allow for selective mining approaches that prioritize higher-grade material early in the mine life, potentially reducing initial capital requirements and accelerating payback periods.
The consistency of mineralization across multiple holes, including APC104-D3 with 351.35 metres at 2.00 g/t AuEq and APC104-D4 with 176.40 metres at 3.15 g/t AuEq, demonstrates the robust nature of the mineralizing system. The expansion of the block model by 15 meters to the southwest, while modest, indicates the system remains open for further growth.
- Drill hole APC104-D5, which was designed to intercept the same high-grade sub-zone discovered in hole APC104-D1 at a deeper elevation, intersected 106.35 metres at 9.05 g/t gold equivalent within 497.35 metres at 3.01 g/t gold equivalent. On a grade accumulation basis (grams x metres), APC104-D5 yielded 1,499 g/t gold equivalent and is the best hole drilled to date at Apollo.
- The Apollo sub-zones are broad mineralized high-grade areas with multiple and coalescing mineralized structures within the breccia host rock. The Company recently started to drill test for potential sub-zone targets throughout the Apollo system and to date three holes have successfully tested the first of a series of sub-zone targets and confirmed that when drilled at an orthogonal angle, the true high-grade nature of the mineralization is realized. The Company believes that continued drilling of sub-zone targets within Apollo has the potential to raise the overall grade and size of the system.
- Assay results for two additional holes, aimed at filling in gaps in the block model, returned broad and high-grade intercepts with APC104-D3 hitting 351.35 metres at 2.00 g/t gold equivalent and APC104-D4 intercepting 176.40 metres at 3.15 g/t gold equivalent.
The Company currently has six drill rigs operating as part of its fully funded 60,000-metre drill program for 2025 with four rigs drilling at Apollo, one at the Trap target and another rig at the San Antonio Project. A seventh rig has been mobilized to site with drilling anticipated to ensue in March.
The 2025 objectives for the portion of the drilling program targeting the Apollo system are:
- Drill test newly modeled high-grade sub-zone targets scattered throughout the top 1,000 vertical metres from surface to improve the grade profile (and size) of the system.
- Grow the overall dimensions of the system by expanding vertically and laterally the recently discovered high-grade Ramp Zone.
- Test the northern extension potential of Apollo at shallower elevations.
Approximately 108,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 72,500 metres at Apollo. There are currently nine drill holes awaiting assays with results for the majority of these holes expected prior to the end of Q1 2025.
Ari Sussman, Executive Chairman commented: "The geology of the Guayabales Project is truly remarkable with the Apollo system being the shining light in a very bright sky. We are rapidly building confidence in the high-grade sub-zone model, excited to continue drilling these sub-zone targets for the foreseeable future and confident that this targeted drilling will improve the grade of Apollo. The intercept in drill hole APC104-D5 highlights a spectacular high-grade, broad mineralized sub-zone which is still open in all directions, and we are looking forward to expanding this zone shallower and deeper with upcoming drill holes. This is just the first in a series of potential multiple high-grade sub-zones to be drill tested that have been modelled throughout Apollo."
Details (see Table 1 and Figures 1-5)
- APC104-D5, which was collared from mother hole APC-104D, was drilled in a southwest direction below previously announced hole APC104-D1 in order to test for vertical continuity of the high-grade sub-zone mineralization at depths between 30 metres and 100 metres deeper in the system. As a reminder, drill hole APC104-D1 intersected 150.55 metres at 6.16 g/t AuEq within 534.40 metres at 2.70 g/t AuEq (see press release dated December 16, 2024). At 147.35 metres down hole in APC104-D5, the hole orthogonally crossed a 106.35 metre zone of intense mineralization including areas with semi-massive to massive sulphide consisting of pyrite, pyrrhotite, sphalerite, galena and chalcopyrite filling the matrix of the breccia host rock and cross cutting veins before entering more typical mineralization commonly seen in the Apollo system. Assay results for hole APC104-D5 are as follows:
- 497.35 metres @ 3.01 g/t gold equivalent from 147.30 metres including:
- 106.35 metres @ 9.05 g/t gold equivalent from 147.30 metres including
- 24.85 metres @ 25.42 g/t gold equivalent from 209.60 metres
- Towards the end of the drill hole, a new high-grade area was discovered at the footwall contact between the Apollo breccia body and country rock, which assayed 15.00 metres at 5.39 g/t gold equivalent. Follow up drilling to chase this contact zone is being planned as part of the 2025 program.
- On a grams X metres basis, APC104-D5 is the highest-grade intercept ever drilled at Apollo yielding 1,499 g/t gold equivalent. To date, the Company has drilled seventeen gold equivalent accumulation intercepts at over 1,000-grams x metres at Apollo.
- 497.35 metres @ 3.01 g/t gold equivalent from 147.30 metres including:
- Holes APC104-D3 and APC104-D4 were designed to infill portions of the internal block model with both holes intersecting bulk and high-grade mineralization related to multiple zones of CBM veins. Additionally, drilling modestly expanded the Apollo block model to the southwest by 15 metres with assay results as follows:
- 351.35 metres @ 2.00 g/t gold equivalent from 98.05 metres including:
- 83.15 metres @ 4.06 g/t gold equivalent from 103.60 metres
- 17.20 metres @ 3.52 g/t gold equivalent from 250.20 metres
- 19.25 metres @ 3.05 g/t gold equivalent from 359.10 metres
- 16.80 metres @ 3.09 g/t gold equivalent from 399.00 metres
- 176.40 metres @ 3.15 g/t gold equivalent from 161.15 metres including:
- 55.05 metres @ 5.06 g/t gold equivalent from 182.50 metres
- 27.95 metres @ 5.05 g/t gold equivalent from 278.25 metres
- 351.35 metres @ 2.00 g/t gold equivalent from 98.05 metres including:
Table 1: Assays Results for Drill Holes APC104-D3, APC104-D4 and APC104-D5
Hole # | From | To | Length | Au | Ag | Cu | Zn | AuEq |
APC104-D3 | 98.05 | 449.40 | 351.35 | 1.69 | 19 | 0.05 | 0.10 | 2.00 |
Incl. | 103.60 | 186.75 | 83.15 | 3.45 | 39 | 0.10 | 0.21 | 4.06 |
& incl. | 250.20 | 267.40 | 17.20 | 3.10 | 27 | 0.07 | 0.20 | 3.52 |
& incl. | 359.10 | 378.35 | 19.25 | 2.52 | 40 | 0.03 | 0.13 | 3.05 |
& incl. | 399.00 | 415.80 | 16.80 | 2.99 | 9 | 0.03 | 0.09 | 3.09 |
APC104-D4 | 161.15 | 337.55 | 176.40 | 2.47 | 42 | 0.12 | 0.12 | 3.15 |
Incl. | 182.50 | 237.55 | 55.05 | 3.65 | 85 | 0.26 | 0.20 | 5.06 |
& incl. | 278.25 | 306.20 | 27.95 | 4.80 | 23 | 0.06 | 0.06 | 5.05 |
APC104-D5 | 147.30 | 644.65 | 497.35 | 2.68 | 20 | 0.05 | 0.24 | 3.01 |
Incl. | 147.30 | 253.65 | 106.35 | 8.12 | 57 | 0.12 | 0.81 | 9.05 |
Incl. | 209.60 | 234.45 | 24.85 | 23.36 | 120 | 0.18 | 2.69 | 25.42 |
and | 764.45 | 779.45 | 15.00 | 5.50 | 1 | 0.03 | 0.00 | 5.39 |
*AuEq (g/t) is calculated as follows: (Au (g/t) x 0.97) + (Ag (g/t) x 0.015 x 0.85) + (Cu (%) x 1.44 x 0.95) + (Zn (%) x 0.43 x 0.85) utilizing metal prices of Ag – |
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 gold-silver-copper-tungsten Apollo system. The Company's objectives are to improve the overall grade of the Apollo system by systematically drill testing newly modeled potentially high-grade sub-zones, expand the Apollo system by stepping out along strike to the north and expanding the newly discovered high-grade Ramp Zone along strike and to depth, expand the Trap system and drill a series of newly generated targets including Tower and X.
Management, insiders and a strategic investor own approximately
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
Samples were cut by Company personnel at Collective Mining's core facility in Caldas,
Core samples have been prepared and analyzed at ALS 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.
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