Announcement Date: 2022-03-15
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Collective Mining Ltd.
Project name: Guayabales
Location: Colombia
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: Drilling results incl. 301.9m @ 0.89g/t Au, 12g/t Ag, 0.03% Cu, 0.003% Mo from 61.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, March 15, 2022 – Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce results of the first three diamond drill holes at the Olympus Central Target within the Guayabales project (“Guayabales”), Colombia. The Company currently has three diamond drill rigs operating at Olympus with two rigs testing the Olympus Central Target and one rig at the Olympus South Target as part of its minimum 20,000 metre program for 2022. A fourth diamond drill rig is expected to commence drilling at the Guayabales project prior to the end of March 2022. “The broad intercepts from the initial drilling results at the Olympus Central Target represent a major gold and silver discovery within the Guayabales project. Our work to date has defined a large area of known mineralization and these results simply represent the beginning of drill testing within this target,” commented Ari Sussman, Executive Chairman. “With multiple drill holes advancing and plans to begin testing other major targets at Guayabales in the near term, including an outcropping copper and gold porphyry system at the Victory Target, there is much to look forward to as our fully funded drill program advances in 2022.”
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