Announcement Date: 2022-08-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Collective Mining Ltd.
Project name: Guayabales
Location: Colombia
Commodities: Gold,Silver,Copper,Lead,Zinc,Moissanite
Highlight: Drilling results incl. 180.6m @ 1.52g/t Au, 39g/t Ag, 0.16% Cu, 0.13% Zn, 0.11% Pb, 0.001% from 303.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, August 29, 2022 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from two additional holes completed at the Apollo target (“Apollo”) at the Company’s Guayabales project located in Caldas, Colombia. Apollo is a newly discovered high-grade copper-gold-silver porphyry-related breccia and is one of eight porphyry-related targets situated within a three-by-four-kilometre cluster area generated by the Company through grassroots exploration at the project. As part of its fully funded 20,000+ metre drill program for 2022, there are currently three diamond drill rigs operating at the Apollo target with an additional rig drilling from underground at the Olympus target. Five diamond drill holes with accompanying assay results have now been announced at Apollo and resulted in expansion of this main breccia and overprinting vein system with dimensions of up to 300 metres along strike by 100 metres across by 400 metres vertical. The target remains open in all directions and has the potential to evolve into a significant high-grade, bulk tonnage mineralized system. Drill holes APC-3 and APC-5 were drilled in opposite directions from two separate drill pads (Pads 2 and 3) to the northeast
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