Announcement Date: 2022-05-09
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. 216.7m @ 0.79g/t Au, 14g/t Ag, 0.04% Cu, 0.004% Mo from 73.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, May 9, 2022 – Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce assay results for four additional diamond drill holes at the Olympus Target (“Olympus”) within the Guayabales project (“Guayabales”), Colombia. Additionally, revised geological modeling based on the most current data has significantly expanded the target area for follow up exploration. The Company currently has three diamond drill rigs operating at various targets at the Guayabales project as part of its fully-financed, minimum 20,000 metre program for 2022. “The Olympus target is advancing rapidly due to our exploration work and geological understanding and this has resulted in a 125 percent expansion of the target area. We are extremely excited about the precious metal potential of the system given the broad intercepts of gold and silver mineralization encountered in early drilling, the sheer size of the alteration system and the plethora of high-grade gold and silver-bearing, porphyry related, CBM veins.
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