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].
Collective Mining Commences Drilling at the San Antonio Project