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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
CNLCOLLECTIVE MINING LTD(CNL) Prnewswire·2025-02-24 21:01

Core Insights - The company is executing a fully funded 60,000-metre drill program for 2025, currently operating six drill rigs with plans for a seventh rig to commence drilling in March [1] - The Guayabales Project has seen approximately 108,000 metres of diamond drilling completed, with 72,500 metres specifically at the Apollo system [1] - The Apollo system is highlighted as a significant area of interest, with ongoing drilling expected to enhance the grade of mineralization [2] Drilling Program Details - The 2025 drilling objectives include targeting high-grade sub-zone models, expanding the Ramp Zone, and testing northern extensions of the Apollo system [4][9] - Drill hole APC104-D5 reported a high-grade intercept of 497.35 metres at 3.01 g/t gold equivalent, with a notable section of 106.35 metres at 9.05 g/t gold equivalent [5][6] - The highest-grade intercept ever drilled at Apollo was recorded at 1,499 g/t gold equivalent on a grams X metres basis [5] Assay Results - Assay results from drill holes APC104-D3 and APC104-D4 indicate significant mineralization, with APC104-D3 yielding 351.35 metres at 2.00 g/t gold equivalent and APC104-D4 yielding 176.40 metres at 3.15 g/t gold equivalent [6] - Specific intervals within these holes show higher grades, such as 83.15 metres at 4.06 g/t gold equivalent in APC104-D3 and 55.05 metres at 5.06 g/t gold equivalent in APC104-D4 [6] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [8] - The company is listed on the NYSE American and TSX under the symbol "CNL" and on the FSE under "GG1" [10]