Core Insights - Collective Mining Ltd. has reported significant visual mineralization from new drill cores at the Guayabales Project's Ramp Zone and the San Antonio Project's Pound target, indicating potential for substantial mineral deposits [1][3][4] - The company is operating ten diamond drill rigs and is on track to complete approximately 60,000 meters of drilling in 2025 [1][4] - Following a recent financing round, the company has approximately US$145 million in its treasury, enabling it to advance its business plan through at least the end of 2027 [2][4] Guayabales Project - Six rigs are currently operational at the Guayabales Project, focusing on high-grade tungsten, gold, silver, and copper mineralization [4][10] - The recently completed drill hole APC143-D1 intersected significant mineralization at a depth of approximately 1,370 meters, marking the deepest drilling at the Apollo system to date [4][5] - Assay results for the Ramp Zone are expected within the next 4-6 weeks [5] San Antonio Project - Approximately 13,000 meters of diamond drilling has been completed at the San Antonio Project, with 9,500 meters focused on the Pound target [7][11] - Drill hole SAC-24 has shown strong visual mineralization starting at a shallow depth, with significant mineralization logged over a length of 225 meters [12] - The Pound target is characterized as a shallow porphyry-related, intermediate sulphidation, sheeted veinlet system, covering over 500 meters of strike length [12] Future Plans - The company plans to expedite drilling at both the Ramp Zone and the San Antonio Project by securing two additional deep capacity rigs, bringing the total to four [3][12] - Exploration at the Pound target continues to expand, with ongoing drilling expected to reveal a potentially large mineralized system [12] - Assay results for the San Antonio Project are anticipated in November 2025 [12]
Collective Mining Provides an Exploration Update: Significant Visual Mineralization Intersected in Expansion Drilling at Both the Guayabales and San Antonio Projects