| Announcement Date: | 2022-09-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Collective Mining Ltd. |
| Project name: | Guayabales |
| Location: | Colombia |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 17.5m @ 12.79g/t Au, 21g/t Ag from 132.3m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario, September 7, 2022 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from reconnaissance holes completed designed to test new ideas at the Apollo target (“Apollo”) at the Company’s Guayabales project located in Caldas, Colombia. Targets within Apollo consists of hydrothermal breccia, porphyry and vein systems including the recently discovered copper-gold-silver Main Breccia highlighted by drill hole APC-2, which intersected 207.15 metres @ 2.68 g/t AuEq (see press release dated August 10, 2022). Apollo is one of eight porphyry-related target zones situated within a three-by-fourkilometre cluster area generated by the Company through grassroots exploration at the Guayabales 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. The Company recently completed five scout and reconnaissance diamond drill holes to test various conceptual targets locating within the Apollo area but outside of the Main Breccia discovery. APC-4 was designed to test a zone of northwest trending high grade, carbonate base metal veins (“CBM”), located shallower and above |
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