Collective Mining (TSX: CNL) has expanded its Apollo Porphyry System at the Guayabales Project in Colombia following continued drilling under a massive 40,000 metre drill campaign being conducted in 2024. The expansion follows the receipt of assays from three drill holes conducted.
Highlights from the results include:
- APC-93: 560.05 metres of 1.83 g/t gold equivalent from a depth of 127.25 metres
- APC-95: 513.70 metres of 2.20 g/t gold equivalent from a depth of 207.20 metres, including 116.95 metres of 4.88 g/t gold equivalent.
- APC-97: 825.70 metres of 1.11 g/t gold equivalent from a depth of 192.00 metres, including 105.25 metres of 2.02 g/t gold equivalent.
Gold equivalent grades are based on gold, silver, copper, molybdenum and tungsten. Full results can be found here.
The drill results saw the Apollo system expanded by 50 metres to the north, as well as by 150 metres to the northwest, with the system remaining completely open to the northwest. Further step-out holes are currently planned to occur in this direction.
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“Our 2024 exploration program continues to yield positive surprises with Apollo now materially expanding and widening to the northwest. Drilling over the balance of the year at Apollo will remain aggressive as we continue to push the limits of the system while simultaneously targeting high-grade sub-zones within the known mineralization envelope.” commented executive chairman Ari Sussman on the results.
Collective Mining last traded at $4.17 on the TSX.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
