| Announcement Date: | 2023-03-07 |
|---|---|
| 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. 55.25m at 1.75g/t Au, 11g/t Ag, 0.02% Cu, 0.003% Mo from 172.6m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario, March 7, 2023 – Collective Mining Ltd. (TSXV: CNL, OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from three underground drill holes completed at the Olympus target which forms part of the Company’s Guayabales project located in Caldas, Colombia. Mineralization at Olympus is characterized by zones of sheeted, late-stage carbonate base metal (“CBM”) veins and veinlets impregnating either porphyry diorite host rock or schist host rock. The Olympus target area measures 600 metres north-south by 400 metres east-west. Previously, the Company announced drilling results from drilling in the northern portion of the Olympus target area which included discovery hole OLCC-3 which averaged 301.9 metres @ 1.11 g/t AuEq (see press release dated March 15, 2022. |
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