Core Viewpoint - Collective Mining Ltd. has initiated drilling at the San Antonio Project in Caldas, Colombia, targeting three significant gold-copper porphyry systems within a 2.5-kilometer mineralized corridor, with plans to drill at least 2,500 meters [1][5]. Group 1: Drilling and Exploration Plans - The company is operating five drill rigs as part of a fully funded 60,000-meter drill program for 2025, with two additional rigs expected to start drilling in late January and February [2]. - Drilling has commenced at the Pound target, where previous drilling in 2021 intercepted 710 meters at 0.53 g/t gold equivalent and 750 meters at 0.41 g/t gold equivalent [5]. - New soil anomalies for gold, copper, and molybdenum have been identified at the Real and Euro targets, which will be tested with reconnaissance drilling in Q1 2025 [5]. Group 2: Historical Context and Discoveries - The San Antonio Project was initially discovered shortly after the company went public in 2021, with significant mineralization found in two high-risk drill holes [3]. - The company has reinterpreted historical data and conducted extensive surface mapping and geochemical sampling, leading to the identification of a strongly altered and mineralized corridor [5]. Group 3: Management Insights and Future Expectations - The Executive Chairman expressed confidence in the potential for discovering a major gold-copper porphyry system at San Antonio, citing impressive alteration zones and high-grade mineralization on the surface [3]. - The company believes that previous drilling may have encountered the pyrite halo of a copper-gold porphyry system, with stronger mineralization likely nearby [5].

Core Insights - The company is advancing its drilling program with five rigs currently operational as part of a fully funded 60,000-metre drill program for 2025, with two additional rigs contracted for late January and February [1][2] - A new high-grade gold-rich vein system has been discovered, indicating significant mineralization potential in the Trap area, particularly in the TMZ and Blackjack zones [2][6] - The 2025 drilling program will focus on expanding the mineralization to the northwest, where recent data suggests a possible porphyry feeder source [7][10] Trap Target - The Trap Main Zone (TMZ) shows continuity of mineralization over 700 metres of strike length, with significant assay results including 40.50 metres at 4.01 g/t AuEq and 41.10 metres at 2.13 g/t AuEq [7][8] - The Blackjack Zone has also yielded promising results, with drill hole TRC-28D intersecting 21.35 metres at 1.14 g/t AuEq and 11.55 metres at 3.89 g/t AuEq [7][8] New High-Grade Gold Vein System Discovery - A discreet high-grade gold vein system has been discovered with at least 400 metres of strike length potential, featuring assay results such as 1.30 metres at 49.30 g/t gold and 2.80 metres at 234.15 g/t gold [10][11] - Additional fieldwork is planned for Q1 2025 to further explore this new discovery [10] Plutus Target - The final reconnaissance drill holes at the Plutus target have confirmed porphyry-style mineralization, with results indicating potential for further mineralization at depth [14] - Assay results from the Plutus program include 39.70 metres at 0.31 g/t AuEq and 74.55 metres at 0.60 g/t AuEq [14][13] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration, with projects located in established mining camps in Colombia [15][16] - The company aims to expand its flagship project, Guayabales, and explore newly generated targets including the Tower and X zones [16]

Accessibility StatementSkip Navigation Ari Sussman, Executive Chairman commented: "This is a remarkable result for which our Colombian technical team deserves much credit. Internal deposit modelling led to the realization that most of the prior drilling from the south was not directly orthogonally across the system and that we should start drilling from the northern side of Apollo in a southerly pattern. As a result, drill Pad17 was constructed, and the hypothesis was tested with hole APC104-D1. 2025 is goi ...

TORONTO, Dec. 16, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") announces with profound sadness, that Mr. Paul Murphy, a valued member of Collective's Board of Directors, passed away. Paul Murphy was a Partner of PricewaterhouseCoopers LLP from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career, Mr. Murphy worked primarily in the resource sector, with a client list that includes major international oil and gas ...

Accessibility StatementSkip Navigation Approximately 101,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 67,000 metres at Apollo. There are currently 25 drill holes awaiting assaying with results for the majority of these holes expected prior to year-end 2024. Ari Sussman, Executive Chairman commented: "Apollo continues to expand and deliver excellent results. Drill hole APC100-D1 confirms that the small surface outcrops and shallowly drilled fingers of poorly ...