Category: Collective Mining

Collective Mining Reviews 2022 Achievements & Provides Preliminary Plans for 2023

Post author By admin
Post date December 28, 2022

TORONTO, Dec. 28, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to provide an overview of its achievements in 2022 and a preliminary outline of its plans for 2023.

The Company enjoyed an outstanding year exploring in the field as well as building relationships and related sustainability efforts off the field with its employees and stakeholders. Importantly, buy-in by employees of the Company’s health and safety program has resulted in a record low Total Recordable Injury Frequency Rate (“TRIFR”) of 1.44 (Dec. 2021 – Nov. 2022) and as of December 19, 2022, the Company’s employees have gone 333 days without recording a safety incident.

Exploration efforts in 2022 were directed at the Company’s flagship Guayabales project (“Guayabales”) where a major grassroot discovery was drilled at the Apollo target along with two additional earlier stage drilling discoveries at the Olympus and Trap targets. Guayabales is located in an established mining camp with 10 fully permitted and operating mines located within a three-kilometre radius and enjoys excellent infrastructure with abundant labor in close proximity. Additionally, Guayabales is contiguous to the Aris Mining’s multi-million-ounce Marmato project, which was awarded its PTO by the national government of Colombia in November 2022.

2022 Highlights

Guayabales Project

Drilling: In 2022, the Company drilled a total of 22,907 metres on schedule and on budget, of which 14,975 metres (30 holes) were drilled at the Apollo target.
Discovery 1: Apollo Target Main Breccia Discovery: The Company announced a significant grassroots discovery of a new bulk tonnage and high-grade, copper-silver-gold porphyry-related breccia system named the Main Breccia. The discovery hole for the Main Breccia system was announced on June 22, 2022, and since that time a total of 21 holes have been announced with an additional 9 holes awaiting assay results in the near term. From only a limited number of holes, the maximum known dimensions of the volume of rock, within which the Main Breccia system is hosted, measures 385 metres along strike by 350 metres across by 825 metres vertical. The system remains open for expansion in all directions. Apollo owes its excellent metal endowment to multiple phases of mineralization which include earlier gold-silver-copper breccia matrix mineralization derived from a porphyry source and younger, overprinting, sheeted carbonate base metal vein systems. Highlight assay results for drill holes into the Main Breccia system include:

Table 1: Select Assay Results of Holes Drilled into the Main Breccia Discovery at Apollo

Hole #	From (m)	To (m)	Intercept (m)	Au (g/t)	Ag (g/t)	Cu%	Zn %	Pb%	Mo %	AuEq (g/t)*	CuEq (%)*
APC-2	154.75	361.90	207.15	1.46	45	0.31	0.075	0.05	0.002	2.68	1.37
Incl	192.50	209.90	17.40	6.57	44	0.08	0.285	0.23	0.003	7.33
	270.65	291.60	20.95	3.67	68	0.41	0.034	0.03	0.002	5.21
APC-8	202.00	467.75	265.75	1.26	55	0.22	0.07	0.05	0.045	2.44	1.24
Incl	202.00	215.20	13.20	3.68	27	0.03	0.32	0.24	0.238	4.29
	239.05	257.50	18.45	3.48	53	0.12	0.24	0.22	0.216	4.55
	279.40	307.85	28.45	3.70	24	0.16	0.03	0.02	0.016	4.18
	342.60	358.10	15.50	2.15	158	0.47	0.13	0.10	0.104	5.21
APC-12	191.35	429.05	237.7	1.15	72	0.38	0.08	0.07	0.001	2.88	1.47
Incl	209.70	224.00	14.30	4.01	77	0.21	0.27	0.26	0.001	5.58
	339.55	361.30	21.75	3.84	210	0.68	0.37	0.45	0.001	8.27
	416.90	429.05	12.15	3.64	84	0.22	0.04	0.06	0.001	5.09
APC-14	84.25	131.70	47.45	0.81	13	0.20	0.01	0.00	0.003	1.36	0.7
	197.00	391.30	194.30	0.39	56	0.44	0.03	0.01	0.002	2.00	1.02
APC-18	136.05	304.65	168.60	0.98	69	0.50	0.04	0.03	0.002	2.91	1.48
Incl	149.20	157.00	7.80	5.08	35	0.52	0.02	–	0.002	6.34	3.23
	193.20	205.10	11.90	2.18	154	0.77	0.18	0.20	0.001	5.81	2.97
	233.90	251.50	17.60	1.49	56	0.74	0.05	0.02	0.002	3.63	1.85
	291.65	297.00	5.35	3.26	10	0.11	0.01	–	0.001	3.47	1.77
APC-19	199.20	497.80	298.6	0.48	34	0.31	0.04	0.02	0.002	1.54	0.79
Incl	199.20	323.50	124.30	0.62	64	0.63	0.05	0.02	0.002	2.72	1.39
	491.30	497.80	6.50	2.33	26	0.04	0.08	0.06	0.001	2.69
APC-20	298.20	400.40	102.20	2.72	28	0.08	0.21	0.15	0.001	3.38
Incl	324.25	357.85	33.60	6.30	45	0.08	0.42	0.33	0.001	7.30

Figure 1: Plan View of the Main Breccia Discovery at Apollo (CNW Group/Collective Mining Ltd.)

Apollo Target: New Undrilled Porphyry Target: On December 14, 2022, the Company announced the discovery of a significant high-grade copper and molybdenum soil anomaly located only 150 metres south of the southernmost edge of the Main Breccia discovery. Drilling is planned for early 2023 to test the target, which could be the source of the porphyry copper mineralization found in the Main Breccia system.
Apollo Target: Metallurgy: The Company successfully completed cyanide leach, bottle-roll test on three representative composite sulphide samples from the Main Breccia discovery. Importantly, the samples covered all major styles of mineralization hosted within the Main Breccia discovery and yielded excellent recovery rates for gold up to 97%.
Discovery #2: Olympus: The Company made its second grassroots discovery on March 25, 2022, at the Olympus target. The discovery is characterized by broad drilling intercepts of medium grade gold and silver with minor associated base metal credits. The Olympus discovery covers an area measuring 1.0 km by 0.9 km and remains open in most directions. A three-hole, phase II program was recently completed with assay results expected in Q1, 2023. Highlight Phase I assay results for drill holes at Olympus include:

Table 2: Select Assay Results from Drilling at the Olympus Target

Hole #	From (m)	To (m)	Intercept (m)	Au (g/t)	Ag (g/t)	Cu%	Zn %	Pb%	Mo %	AuEq (g/t)*
OLCC-3	61.70	363.60	301.90	0.89	11.82	0.03	0.03	0.03	0.002	1.11
OLCC-4	73.00	289.70	216.70	0.79	13.84	0.04	0.02	0.03	0.004	1.08

Discovery #3: Trap: The Company announced its third grassroots discovery at the Trap target on September 27, 2022. Trap is a north to northwest trending, structurally controlled corridor with evidence of overprinting porphyry B veins and late-stage carbonate base metals veins. Highlights from the reconnaissance drill program at Trap include:

Table 3: Select Assay Results from Drilling at the Trap Target

Hole #	From (m)	To (m)	Intercept (m)	Au (g/t)	Ag (g/t)	Cu%	Zn %	Pb%	Mo %	AuEq (g/t)*	CuEq (%)*
TRC-1	233.8	336.0	102.20	1.26	12	0.09	0.08	0.01	0.003	1.53	0.90
VICE-2	214.6	233.50	18.90	1.06	36	0.18	0.18	0.12	0.005	1.83	1.13

Corporate & Sustainability, Strategic Alliances

Financing: In October, the Company closed a $10.7 million bought deal financing comprised of 4,783,400 units at $2.25 per unit, including one half of one common share purchase warrant at $3.25, excisable until April 25, 2024.
OTC Listing: The Company upgraded its US-based listing to the OTCQX exchange from the Pink® market, trading under the symbol CNLMF.
Strategic Alliances:

2023 Preliminary Plans

Equipped with a strong balance sheet, the Company will continue to actively drill the Apollo target. The program will focus on targeting the high-grade subzones within the Main Breccia system while simultaneously expanding the size of the system. Additionally, the Company will remain aggressive in testing new targets including the newly generated copper and molybdenum porphyry target located 150 metres south of the Main Breccia system. Drilling will resume in early January 2023.
Assays for the remaining and completed 2022 drill holes at Apollo remain outstanding and will be announced throughout early 2023.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is a copper, silver and gold exploration company based in Canada, with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.

The Company’s flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper, silver and gold Main Breccia discovery. The Company’s near-term objective is to continue with expansion drilling of the Main Breccia discovery while increasing confidence in the highest-grade portions of the system.

Management, insiders and close family and friends own nearly 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock and core samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/28/c9404.html

Tags #AriSussman, #CNL, #Guayabales, #ProvenAndProbable, Apollo Target, Collective Mining

Collective Mining Energy Junior Mining Precious Metals

Collective Mining Reports Positive Preliminary Metallurgical Test Results from the Main Breccia Discovery at Apollo with up to 97% Gold Recovery from Cyanide Leach

Post author By admin
Post date December 21, 2022

TORONTO, Dec. 21, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce preliminary metallurgical test results from three variability samples from its Main Breccia discovery at the Apollo target (“Apollo”) within the Company’s Guayabales project located in Caldas, Colombia. The Main Breccia discovery at Apollo is a high-grade, bulk tonnage copper-gold-silver porphyry-related breccia system. The metallurgical test work program was undertaken by SGS Laboratories in Lima, Peru.

Highlights:

Initial cyanide leach, bottle-roll metallurgical test work was undertaken on three representative sulphide samples from the Apollo Breccia discovery and returned gold recoveries ranging from 90% to 97%. These results clearly demonstrate that high recoveries for gold can be achieved with cyanide leaching.
The three samples were all sulphide ores with a range of gold values (1.17 g/t to 8.01 g/t gold) and were taken from the upper, central and lower portions of the Main Breccia discovery at Apollo. The samples consisted of mineralized angular breccia and contained clasts of diorite and quartz diorite porphyry with a flooded matrix of chalcopyrite, pyrite and pyrrhotite. Samples 2 and 3 also contained overprinting carbonate base metal (“CBM”) vein material resulting in higher gold grades. The samples were selected from depths ranging between 150 metres to 400 metres vertically below surface.
As drilling progresses, further metallurgical studies will be undertaken including whole ore flotation tests to isolate and recover chalcopyrite and optimize silver recoveries. Variability sampling and subsequent test work will also be undertaken throughout the deposit and will include shallow and oxide ores.
The Company has just completed its 23,000-metre drilling program for 2022 at the Guayabales project. Assay results are pending for the final nine holes drilled at the Apollo target and are expected in the near term.
The next phase of drilling will commence at the Apollo target in early 2023 with three diamond rigs. The focus of the program will be to continue expanding the Main Breccia discovery while simultaneously drill the first ever holes into the newly generated porphyry target located 150 metres south of the Main Breccia discovery.

Executive Chairman, Ari Sussman commented: “The results of the first phase of metallurgical testing collected from representative samples of the Main Breccia system at Apollo confirm that gold can be extracted with conventional processing at high recovery rates. We look forward to advancing the metallurgical work to ultimately develop a conventional flow sheet to produce copper, silver and gold from this bulk tonnage and high-grade system.”

Details

Sample ID	Description	Au (g/t)	Ag (g/t)	Cu%	% Rec Au 24hr	% Rec Au 48hr	% Rec Au 72hr	% Rec Ag 24hr	% Rec Ag 48hr	% Rec Ag 72hr
APBRT-01	Mineralized Angular Breccia (BAM) from the central portion of the system	1.17	53.83	1.04	82.34	87.12	90.7	42.83	43.76	49.19
APBRT-02	BAM with carbonate base metal (CBM) veins in the hanging wall portion of the system	4.92	16.05	0.06	82.7	86.42	92.51	49.58	48.74	52.34
APBRT-03	BAM with veins in the footwall portion of system	8.01	56.08	0.10	93.44	93.08	97.57	36.59	41.73	46.27
P80 = 75 microns, pH = 10.5-11, CN= 1000 ppm

Description of Samples Subjected to Cyanide Leach Bottle Roll Testing

APBRT-01:

Location: Apollo in the central portion of the Main Breccia
Composite Length: 4.4 metres
Hole Id: APC_014
Core depth interval: From 216.85 metres to 221.25 metres
Macroscopic description: Mineralized angular breccia with pervasive Sericite altered clasts and carbonates with chlorite and quartz in cement. Principal sulphides are chalcopyrite and pyrite.

APBRT-02:

Location: Apollo in the footwall portion of the Main Breccia
Composite Length: 4.15 metres
Hole Id: APC_008
Depth interval: From 457.85 metres to 462 metres
Macroscopic description: Mineralized angular breccia with carbonates plus chlorite and sericite alteration. Principal sulphides include chalcopyrite, pyrrhotite and pyrite. There are veinlets overprinting the mineralized angular breccia, which contain carbonates, pyrite plus sphalerite.

APBRT-03:

Location: Apollo in the hanging wall portion of the Main Breccia
Composite Length: 3.75 metres
Hole Id: APC_003
Depth interval: From 387.5 metres to 391.25 metres
Macroscopic description: Mineralized angular breccia with carbonate base metals (CBM) veinlets. The main sulphide minerals are sphalerite, galena, chalcopyrite, and pyrite.

Figure 1: Plan View of the Guayabales Project Highlighting the Apollo Target Location (CNW Group/Collective Mining Ltd.)

Grant of Annual Stock Options

The Company also announces the grant of incentive stock options (the “Options) to certain directors, officers, employees and service providers of the Company to acquire an aggregate of 925,000 common shares in the capital of the Company, in accordance with the Company’s 10% rolling incentive stock option plan and the provisions of the TSX Venture Exchange. 610,000 Options were issued to directors, officers and investor relations personnel of the Company. The Options were granted at an exercise price of $2.83, are exercisable for a five-year term and vest 25 percent every six months.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Qualified Person (QP) and NI43-101 Disclosure

Technical Information

Rock and core samples have been prepared and analyzed at SGS metallurgical laboratory in Lima, Peru. The lab is accredited under suitable international standards and all procedures performed by the lab were completed in adherence with the Company’s rigorous, industry-standard QA/QC program.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs and metallurgical recoveries, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/21/c7595.html

Base Metals Collective Mining Energy Junior Mining Precious Metals Uncategorized

Collective Mining Discovers a High-Grade Copper and Molybdenum Porphyry Related Soil Anomaly 150 metres South of the Main Breccia Discovery at Apollo

Post author By admin
Post date December 14, 2022

New assay results from detailed soil geochemistry sampling have outlined a high-grade porphyry anomaly averaging greater than 500 parts per million (“ppm”) copper and 30 ppm molybdenum with highest values up to 1,125 ppm copper and 163 ppm molybdenum.

Located only approximately 150 metres south of the southernmost modelled boundary of the Main Breccia discovery at Apollo, this new high-grade anomaly covers an area measuring 250 metres by 150 metres and remains completely open for expansion to the west, east and south.

Follow-up reconnaissance geological work at surface has identified a potassic altered porphyry diorite hosting quartz, molybdenum, and chalcopyrite veins. Surface rock chip sampling from limited weathered (leached) outcrop has returned grades of up to 0.28% copper and 0.13% molybdenum.
The soil anomaly compares favorably in grade and is slightly larger than the soil anomaly covering the southern portion of the Main Breccia discovery at Apollo where recent assay results from drilling have intercepted the highest copper grades to date including drill hole APC-18 which averaged 168.6 metres at 0.98 g/t gold, 69 g/t silver and 0.5% copper.
Immediate plans are underway to test the porphyry target with the first drill hole expected to begin in early Q1, 2023.

Three rigs continue to drill the Main Breccia at Apollo with holes APC-22 through APC-27 awaiting assay results and holes APC-28 through APC-30 nearing completion ahead of a short break for the seasonal holiday.

Toronto, Ontario, December 14, 2022 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from soil and rock chip sampling undertaken south of the Main Breccia discovery at the Apollo target (“Apollo”) within the Company’s Guayabales project located in Caldas, Colombia. As part of its fully funded 23,000 metre drill program for 2022, there are currently three diamond drill rigs operating at the Apollo target. The Main Breccia discovery at Apollo is a high-grade, bulk tonnage copper-gold-silver porphyry-related breccia system with previously announced assay results including: 

Hole	Intercept (m)	Au (g/t)	Ag (g/t)	Cu %	Zn %	Pb %	Mo %	AuEq (g/t) *
APC-2	207.15	1.46	45	0.31	0.08	0.05	0.002	2.68
APC-8	265.75	1.26	55	0.22	0.07	0.05	0.045	2.44
APC-12	237.70	1.15	72	0.38	0.08	0.07	0.001	2.88

* See press releases dated August 10^th, September 13^th and October 6^th respectively.  

Executive Chairman, Ari Sussman stated: “The discovery of a high-grade copper and molybdenum soil anomaly associated with a mineralized porphyry body just south of our Main Breccia discovery at Apollo is exciting. As drilling continues to expand the Main Breccia discovery at Apollo, our early-stage exploration team has been focused on prospecting the rest of the Apollo target area to determine if a possible source exists for the copper mineralization found within the breccia discovery. Given the proximity to our Main Breccia discovery, this new high-grade porphyry target suggests we may have found the source. We are eager to test the new target and plan to initiate drilling in January as part of our upcoming 2023 drilling program. We are looking forward to an exciting 2023 as we continue to drive shareholder value through aggressive expansion drilling of the Main Breccia discovery while testing new targets.”

Details (See Figures 1–3)

The Company’s exploration teams have recently undertaken outcrop mapping and soil sampling within the Apollo area with the objective of outlining new targets for drilling. This work has outlined a coherent and well-defined soil anomaly for copper and molybdenum covering dimensions of 250 metres east-west by 150 metres north-south. The anomaly is defined by over 70 soil samples with copper values ranging from 310-1,125pmm and Molybdenum values up to 163ppm. Gold in soil within the anomaly has also returned numerous samples (n=12) ranging from 0.1 to 0.4 g/t. The soil anomaly locates only 150 metres south of the southernmost outcropping portion of the northerly dipping Main Breccia discovery at Apollo as defined by drilling and surface outcrop sampling. The southern copper and molybdenum anomaly is still open at surface to the west, east and to the south.

Reconnaissance geological mapping and rock chip sampling within the anomalous soil area has identified porphyry diorites with secondary biotite alteration hosting porphyry “B” veins with center and border lines of chalcopyrite and molybdenum. Disseminated chalcopyrite was also observed within the limited outcrop exposures with rock chip sampling reporting grades up to 0.28% of copper, 0.13% of molybdenum and 0.8 g/t gold.

The Company is currently organizing and constructing a new drill pad to test the target with diamond drilling in January 2023.

The larger Apollo target area, which includes the Main Breccia discovery and other breccia and porphyry targets, is defined to date by surface mapping, rock sampling and copper and molybdenum soil geochemistry and covers a 1,000 metres X 1,200 metres area. The Apollo target area hosts the Company’s new Main Breccia discovery plus multiple CBM vein systems located within and above and below the mineralized angular breccia. Additional untested breccia discoveries locate to the NE and SE of the main breccia discovery. The newly defined porphyry target, as outlined in this press release, is located 150 metres due south of the southernmost end the Main Breccia discovery and is flanked to the southeast by outcrops hosting a high density of porphyry quartz veins associated with early biotite veins in diorite porphyry. The larger Apollo target area also remains open for further expansion.

Figure 1: Plan View of the New Porphyry Target Soil Anomaly in Relation to the Main Breccia Discovery at Apollo

Figure 2: Detailed View of the Soil Anomaly Covering the New Porphyry Target with Photos and Assay Results for Rock Samples

Figure 3: Plan View of the Guayabales Project Highlighting the Apollo Target Location

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Qualified Person (QP) and NI43-101 Disclosure

Technical Information

Contact Information

Collective Mining Ltd. 

Steven Gold, Vice President, Corporate Development and Investor Relations

Tel. (416) 648-4065

FORWARD-LOOKING STATEMENTS  

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.   

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.  

Tags #AriSussman, #CNL, #Guayabales, #InvestingInBatteryMetals, #JuniorMining, #ProvenAndProbable, Apollo Target, best canadian gold stocks, best canadian mining stocks, best gold mining stocks, best gold stocks, best gold stocks to buy, best silver stocks to buy now, Collective Mining

Base Metals Collective Mining Energy Precious Metals

Collective Mining Drills 298.6 Metres at 1.54 g/t Gold Equivalent and 102.20 metres at 3.38 g/t Gold Equivalent into the Main Breccia Discovery at Apollo

Post author By admin
Post date December 7, 2022

Drill hole APC-20 was drilled on the north-eastern side of the Main Breccia discovery at the Apollo target into an open area without any prior drilling and intersected a broad zone of mineralization with an abundance of gold-rich, carbonate base metal veins overprinting angular, gold-silver-copper bearing breccia. This intercept represents the highest-grade intersection over 100 metres drilled to date at Apollo with results as follows:
Drill hole APC-19 was drilled in the centre of the system in order to expand the vertical dimension in this location. The hole intercepted a broad and continuous zone of copper-silver-gold mineralization and includes a copper-rich subzone with results including:
Based on a newly revised model of the Main Breccia system, the Company has identified two high-grade subzones of mineralization and as a result, will be drill tested in 2023 and are outlined as follows:
Three rigs continue to drill at Apollo with holes APC-22 through APC-27 completed and holes APC-28 through APC-30 underway. Additional assay results are anticipated in the near term.

TORONTO, Dec. 7, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from three additional holes drilled at the Apollo target (“Apollo”) within the Company’s Guayabales project located in Caldas, Colombia. The Main Breccia discovery at Apollo is a high-grade, bulk tonnage copper-gold-silver porphyry-related breccia system. As part of its fully funded 23,000 metre drill program for 2022, there are currently three diamond drill rigs operating at the Apollo target.

Executive Chairman, Ari Sussman stated: “Drilling into the Main Breccia system at the Apollo target continues to expand the total volume while delivering long and high-grade intercepts. The discovery of the two new high-grade subzones through detailed geological modelling is exciting as both the copper rich zone and the gold rich zone appear to be open for expansion in multiple directions. Additionally, we believe that the two subzones will coalesce within the system, thereby enhancing the potential for the discovery of even higher grades than we have discovered to date. These areas will be a key target for drilling in early 2023. Without question there is a lot more metal to be found at the Apollo target and we will remain aggressive in unlocking the potential of this remarkable discovery.”

To watch a short video of David Reading, Special Advisor to Collective Mining, speak about the assay results announced today, please click here

Details (See Table 1 and Figures 1–4)

Twenty-two diamond drill holes with accompanying assay results have now been announced at Apollo and a further nine holes are outstanding. Results of three drill holes are announced below:

Drill hole APC-20 was drilled south from pad 5 to a maximum depth of 445.4 metres and successfully expanded the eastern area of the Main Breccia system at depth. The hole intersected 102.2 metres of continuous gold-silver-copper mineralization beginning at 298.2 metres down hole and ending at 400.40 metres. The hole is characterized by mineralized angular porphyry related breccia with a matrix infill of pyrite, some chalcopyrite and carbonate which is overprinted by zones of sheeted carbonate base metal veins (“CBM”) and veinlets which are associated with disseminated sphalerite and carry higher gold grades. These higher grade CBM zones can now be traced and mapped in multiple drill holes and three have been identified with drilling to date; within the lower, upper and central portions of the main breccia body The following results are highlighted:

102.20 metres @ 3.38 g/t AuEq consisting of 2.72 g/t Au, 28 g/t Ag, 0.08% Cu and includes a higher-grade zone of 33.60 metres @ 7.30 g/t AuEq.

Drill hole APC-19 was drilled in a southeast direction from pad 4 to a maximum depth of 582.3 metres. The hole intersected continuous copper-silver-gold mineralization from 199.20 metres (178m vertical) to 497.80 metres (470 metres vertical). The mineralized breccia contains a matrix of abundant chalcopyrite and some pyrite particularly from the beginning of the hole down to 323.50 metres which is associated with higher silver values and averaged 0.63% copper and 64 g/t silver over this interval. This newly identified shallow plunging high-grade copper zone has been intersected in six of the holes drilled to date and future drilling will target extensions of this zone within the main breccia body. Assay results for APC-19 are as follows:

298.60 metres @ 1.54 g/t AuEq consisting of 0.48 g/t Au, 34 g/t Ag and 0.31% Cu and includes 124.30 metres 2.72 g/t AuEq consisting of 0.62 g/t Au, 64 g/t Ag and 0.63% Cu.

Hole APC-21 was drilled at a steep angle towards the north from pad 3 but unfortunately undercut the northerly dipping main breccia body.

With the recently announced assay results for APC-17 and previously announced visuals from APC-22, the potential total volume of rock hosting the Main Breccia discovery within it has approximately tripled in size with the dimensions now measuring 385 metres along strike by 350 metres width by 825 metres. The discovery remains wide open for expansion and further step-out holes are currently being designed.

Three rigs continue to drill at Apollo with additional assay results from holes APC-22 through APC-30 anticipated in the near term.

The Apollo target area, as defined to date by surface mapping, rock sampling and copper and molybdenum soil geochemistry, covers an 800 metres X 700 metres area. The Apollo target area hosts the Company’s new Main Breccia discovery plus a vein system located above and on the eastern flank of the Main Breccia discovery and the Northern Breccia discovery located 250 metres to the north of the Main Breccia. Multiple additional untested breccia, porphyry and vein targets have been generated and will be drilled in due course. The overall Apollo target area also remains open for further expansion.

Table 1: Apollo Target Assays Results

Hole #	From (m)	To (m)	Intercept (m)	Au (g/t)	Ag (g/t)	Cu %	Mo %	Zn %	Pb %	AuEq (g/t) *	CuEq (%) *
APC-19	199.20	497.80	298.60	0.48	34	0.31	0.002	–	–	1.54	0.79
Incl.	199.20	323.50	124.30	0.62	64	0.63	0.002	–	–	2.72	1.39
APC-20**	298.20	400.40	102.20	2.72	28	0.08	0.001	0.21	0.15	3.38	–
Incl.	324.25	357.85	33.60	6.30	45	0.08	0.001	0.42	0.33	7.30	–
APC-21				No Significant Values

*AuEq (g/t) is calculated as follows: (Au (g/t) x 0.95) + (Ag g/t x 0.016 x 0.95) + (Cu (%) x 1.96 x 0.95)+ (Mo (%)*7.35 x 0.95) and CuEq (%) is calculated as follows: (Cu (%) x 0.95) + (Au (g/t) x 0.51 x 0.95) + (Ag (g/t) x 0.01 x 0.95)+ (Mo(%)x 3.75 x 0.95) utilizing metal prices of Cu – US$4.00/lb, Ag – $22/oz Mo US$15.00/lb and Au – US$1,400/oz and recovery rates of 95% for Au, Ag, Mo and Cu. Recovery rate assumptions are speculative as no metallurgical work has been completed to date.

** In APC-20, Zn and Pb were including for the AuEq calculation using metal prices of Zn – US$1.75/lb, Pb – $0.95/lb and recovery rates of 95%.

*** A 0.2 g/t AuEq cut-off grade was employed with no more than 15% internal dilution. True widths are unknown, and grades are uncut.

Figure 1: Plan View of the Main Breccia discovery at Apollo Highlighting New Drill Holes APC19 & APC-20 and the Dimensions of the Discovery (CNW Group/Collective Mining Ltd.)

Figure 2: Plan View of the Guayabales Project Highlighting the Apollo Target (CNW Group/Collective Mining Ltd.)

Figure 3: Apollo Target: Main Breccia Cross Section with Core Photo Highlights from APC-19 (CNW Group/Collective Mining Ltd.)

Figure 4: Apollo Target: Core Photo Highlights from APC-20 (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

Qualified Person (QP) and NI43-101 Disclosure

Technical Information

FORWARD-LOOKING STATEMENTS

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/07/c3277.html

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, Apollo Target, maurice jackson, proven and probable

Base Metals Collective Mining Junior Mining Uncategorized

Ari Sussman from Collective Mining to Present at OTC Markets Group Metals & Mining Virtual Investor Conference on December 8th, 2022

Post author By admin
Post date December 2, 2022

TORONTO, Dec. 1, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) will be presenting at the OTC Markets Group, Metals & Mining Virtual Investor Conference on Thursday, December 8, 2022, at 2:00pm ET.

Using the link below, investors can register and listen to the presentation, and take part in a question and answer session at the end. The presentation is expected to last 30 minutes.

DATE: Thursday, December 8, 2022
TIME: 2:00pm ET – 2:30pm ET
LINK: https://bit.ly/3E1tR5k

Please log in 5 minutes early in order to register. An archived webcast will also be made available after the event.

Ari Sussman, Executive Chairman of Collective Mining will be providing an overview and will discuss the Company’s “Main Breccia” discovery at the Apollo target. The Main Breccia discovery is a high-grade and bulk tonnage copper-silver-gold porphyry-related breccia system characterized by two main yet distinct pulses of mineralized fluids flooding the breccia with metals.

The Company’s Guayabales project is located in the mining-friendly department of Caldas, Colombia, in the heart of a long-established mining camp with ten fully permitted and operating mines located within three kilometres of the project. As a result, the Guayabales project is blessed with excellent infrastructure with roads and hydroelectric powerlines traversing the project and an abundant labour force located nearby in the townships of Supia and Marmato.

Three rigs continue to drill at Apollo with holes APC-19 through APC-26 completed and holes APC-27 through APC-29 underway. Additional assay results are anticipated in the near term.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com.

Management, insiders and close family and friends own approximately 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content: http://www.newswire.ca/en/releases/archive/December2022/01/c2937.html

Base Metals Collective Mining Energy Exclusive Interviews Precious Metals

Collective Mining – Expands the Main Breccia at Apollo

Post author By admin
Post date November 29, 2022

Joining us for a conversation is Ari Sussman of Collective Mining, Colombia’s Most Exciting Exploration Company. Collective Mining has just announced another significant development coming from the flagship Guayabales Project. Today’s discussion will focus on the Main Breccia at the Apollo Target which is delivering High Grade along with some remarkable continuity with a new Strike of 385 Meters, Width at 350 Meters, and Vertical 825 Meters!

In this video, we’ll be highlighting Collective Mining and their recent Breccia expansion at the Apollo Target. Collective Mining is becoming a front runner in the junior mining space with their flagship Guayables Project,

COLLECTIVE MINING:
Listing:(TSX.V: CNL | OTCQX: CNLMF)
Website: https://www.collectivemining.com/
Press Release: https://provenandprobable.com/step-out-drilling-materially-expands-the-overall-dimensions-of-collective-minings-main-breccia-discovery-at-apollo/
Corporate Presentation: https://www.collectivemining.com/investors/presentations/
Facebook: https://www.facebook.com/CollectiveMiningCol
Twitter: https://twitter.com/CollectiveMini1
LinkedIn: https://www.linkedin.com/company/collectivemining/?originalSubdomain=co
Instagram: https://www.instagram.com/collectivemining/
Youtube: https://www.youtube.com/channel/UC0J8zpCq0TNhJQePKdCrJag

Collective Mining: Rapidly advancing, large scale gold-copper-silver-moly porphyry and breccia targets with related high-grade vein systems in the mining-friendly department of Caldas in Colombia

Collective Mining’s two projects the Guayabales (Flagship) and the San Antonio (Secondary) are situated in Marmato, an underexplored yet multi-million ounce, high-grade gold and silver district located in the Middle Cauca belt in Colombia. With six out of eleven targets drilled, the Company has made three promising grassroot discoveries to date and is awaiting assay results on a potential fourth discovery. Drilling activity continues at a brisk pace with a 20,000+ metre drill program in 2022.

The Best Video on WHY and WHEN to Buy and Sell Physical Precious Metals:

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Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
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Collective Mining Significantly Expands the Main Breccia Discovery at Apollo and Drills Near Surface High-Grade Mineralization Including 168.6 Metres at 2.91 g/t Gold Equivalent

Post author By admin
Post date November 29, 2022

Drill hole APC-17, a significant step-out hole to the north, intersected two zones of mineralization within the Main Breccia discovery at the Apollo target. The shallow zone, which was intersected directly below where the Main Breccia daylights at surface cut the following interval:
The second zone encountered in hole APC-17 cut the longest intercept of continuous mineralization within the Main Breccia discovery drilled to date with results as follows:
Drill hole APC-17, which was terminated at 912.8 metres due to rig capacity, bottomed in strong mineralization with the final 2.75 metres averaged 1.56 g/t gold, 9 g/t silver and 0.03% copper.
Drill hole APC-18 intersected near surface and high-grade copper-silver-gold mineralization approximately 300 metres to the north of the near surface intercept in APC-17. The mineralized breccia in this zone is strongly overprinted by numerous zones of carbonate, base metal veins with assay results as follows:
With the result of step out hole APC-17 and recently announced visuals from step out hole APC-22, the Main Breccia discovery now measures up to 385 metres along strike by 350 metres in width (previously 190 metres) and has been extended down to a vertical depth of 825 metres below surface (previously 500 metres). The discovery remains wide open for expansion and further step-out holes are currently being designed.
Three rigs continue to drill at Apollo with holes APC-19 through APC-26 completed and holes APC-27 through APC-29 underway. Additional assay results are anticipated in the near term.

TORONTO, Nov. 29, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from four additional holes drilled at the Apollo target (“Apollo”) within the Company’s Guayabales project located in Caldas, Colombia. The Main Breccia discovery at Apollo is a high-grade, bulk tonnage copper-gold-silver porphyry-related breccia target. As part of its fully funded 23,000 metre drill program for 2022, there are currently three diamond drill rigs operating at the Apollo target.

“The intersection of high-grade and shallow mineralization at Apollo demonstrates the excellent metal endowment of the Main Breccia and most importantly, the dimensions of the system continue to expand and clearly point to the fact that we are dealing with a large-scale discovery. It is truly remarkable to drill a 912-metre-long hole that bottoms in mineralization. Finally, the shallow, higher grade intercepts encountered in APC-17 and APC-18 are more than 300 metres apart and confirms that the southern portion of the deposit is where the system comes to surface. As a result, we are about to start construction of a new drill pad located between the two shallow intercepts in order to start defining the shallow portion of the Main Breccia mineralized system,” commented Ari Sussman, Executive Chairman.

Details (See Table 1 and Figures 1–3)

Nineteen diamond drill holes with accompanying assay results have now been announced at Apollo and a further eleven holes are outstanding. The Company recently completed four drill holes; one northerly directed, step out hole (APC-17), to test for mineralized extensions to the Main Breccia discovery, a second shallow hole drilled southwesterly to define extensions of newly discovered mineralized breccia outcrops located in the southern portion of the deposit and two fringe holes drilled at shallow angles to the west of the Main Breccia discovery.

Drill hole APC-17 was drilled approximately due north to a maximum depth of 912.60 metres. The hole intersected three mineralized zones: 72.3 metres of mineralization beginning at 118.20 metres down hole (100m vertical), 11.65 metres of mineralized breccia from 252.6 metres (220m vertical) and another 547.65 metres of mineralization from 365.15 metres down hole (330m vertical) to the end of the hole at 912.80m (825m vertical). The hole terminated while still in mineralized breccia due to limitations of the drill rig. Total cumulative mineralization in this diamond drill hole was 628.3 metres and is the most mineralization drilled in a single hole to date into the Main Breccia discovery at Apollo. The shallow intercept is hosted within angular porphyry related breccia containing chalcopyrite (1-2%) with pyrite and pyrrhotite and is located directly beneath recently discovered mineralization outcropping at surface. The deeper and longer intercept is also hosted within angular porphyry related breccia with the matrix filled with pyrite, some chalcopyrite and overprinting carbonate base metal veins (“CBM”). The following results are highlighted:

72.3 metres @ 2.57 g/t gold equivalent consisting of 1.00 g/t gold, 28 g/t silver and 0.63% copper (100 metres vertical).
11.65 metres @ 1.88 g/t gold equivalent consisting of 1.80 g/t gold, 4 g/t silver and 0.05% copper (220m vertical).
547.65 metres @ 1.03 g/t gold equivalent consisting of 0.76 g/t gold, 14 g/t silver and 0.04% copper (330m vertical).

Drill hole APC-18 was drilled in a southwest direction and intersected shallow, copper-silver-gold mineralization from 136.05 metres to 304.65 metres with the hole terminating at a final depth of 499.05 metres. The mineralized breccia contains a matrix of chalcopyrite and pyrite is strongly overprinted by numerous zones of CBM veins hosting sphalerite and galena. The hole was drilled below outcrops of breccia mineralization in the south-central portion of the deposit with assay results as follows:

168.6 metres @ 2.91 g/t gold equivalent consisting of 0.98 g/t gold, 69 g/t silver and 0.5% copper (85 metres vertical).

With the result of APC-17 and recently announced visuals from APC-22, the potential total volume of rock hosting the Main Breccia discovery within it has approximately tripled in size with the dimensions now measuring 385 metres along strike by 350 metres width by 825 metres depth versus prior dimensions of 385 metres x 190 metres x 500 metres. The discovery remains wide open for expansion and further step-out holes are currently being designed.

Holes APC-15 and APC-16 were drilled at shallow angles on the western periphery of the main breccia body. APC-15 was drilled to the northwest and intersected mineralized crackle breccia returning 56.05 metres @ 0.57 g/t gold equivalent from 68.6 metres (55 metres vertical). This is a new mineralized area outside of the Main Breccia discovery at Apollo. APC-16 was also drilled outside the Main Breccia discovery to the southwest and intersected 500 parts per million copper in crackle breccia from 200 metres and until the end of the hole at 303.35 metres. The Company believes that both APC-15 and APC-16 may have drilled over the top of the Main Breccia discovery in these locations.

Three rigs continue to drill at Apollo with additional assay results anticipated in the near term.

Table 1: Apollo Target Assays Results

HoleID	From (m)	To (m)	Intercept (m)	Au (g/t)	Ag (g/t)	Cu %	Mo %	AuEq (g/t)*	CuEq (%)*
APC-18	136.05	304.65	168.60	0.98	69	0.50	0.002	2.91	1.48
Incl	149.20	157.00	7.80	5.08	35	0.52	0.002	6.34	3.23
	193.20	205.10	11.90	2.18	154	0.77	0.001	5.81	2.97
	233.90	251.50	17.60	1.49	56	0.74	0.002	3.63	1.85
	291.65	297.00	5.35	3.26	10	0.11	0.001	3.47	1.77
APC-17	118.20	190.50	72.30	1.00	28	0.63	0.004	2.57	1.31
Incl	121.90	130.40	8.50	2.42	30	0.61	0.005	3.91	2.00
APC-17	252.60	264.25	11.65	1.80	4	0.05	0.002	1.88	–
and	365.15	912.80	547.65	0.76	14	0.04	0.001	1.03	–
Incl	527.80	561.10	33.30	3.01	19	0.05	0.002	3.23	–
	579.20	596.80	17.60	2.37	25	0.06	0.001	2.74	–
	816.00	837.50	21.50	1.53	28	0.09	0.001	2.04	–
APC-16				NSV*
APC-15	54.20	110.25	56.05	0.37	5	–	–	0.57	–
Incl	68.60	69.10	0.50	6.26	15	–	–	6.27	–
	77.85	79.20	1.35	4.17	20	–	–	4.41	–
and	180.95	181.65	0.70	13.29	9	–	–	12.81	–
	206.95	207.50	0.55	7.87	5	–	–	7.61	–

** A 0.2 g/t AuEq cut-off grade was employed with no more than 15% internal dilution. True widths are unknown, and grades are uncut.

*** NSV: No significant values

Figure 1: Plan View of the Guayabales Project Highlighting the Apollo Target (CNW Group/Collective Mining Ltd.)

Figure 2: Plan View of the Main Breccia discovery at Apollo Highlighting New Drill Holes APC17 & APC-18 and the Expanded Dimensions of the Discovery (CNW Group/Collective Mining Ltd.)

Figure 3: Apollo Target: Main Breccia Cross Section with Core Photo Highlights from APC-17 (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com.

Qualified Person (QP) and NI43-101 Disclosure

Technical Information

FORWARD-LOOKING STATEMENTS

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/29/c8565.html

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #InvestingInBatteryMetals, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, maurice jackson, proven and probable

Base Metals Collective Mining Energy Exclusive Interviews Junior Mining Precious Metals

Collective Mining – Extends Exploration Program on Apollo

Post author By admin
Post date November 23, 2022

Joining us for a conversation is Ari Sussman of Collective Mining, Colombia’s Newest Exploration Company. Collective Mining has just announced another significant development coming from the flagship Guayabales Project demonstrating continuity with a new Strike of 385 Meters, Width at 350 Meters, and Vertical 825 Meters! In this interview with provide shareholders with an update on the Collective Mining’s Exploration Program, which was just extended another 3,000 Metres on the back of a successful $10 Million Finance.

If you’re interested in junior mining stocks, then you’ll want to check out this video! We’ll discuss Collective Mining’s new project, Apollo, and what this could mean for the junior mining space. Make sure to subscribe to our channel so you never miss an update!

In this video, I’m discussing the flagship Guayabales Project, specifically the Apollo Target with Aris Sussman of Collective Mining. The expansion at the Apollo gold project in Colombia, and how this could lead to further gains for Collective Mining shareholders.

Collective Mining: Rapidly advancing, large scale gold-copper-silver-moly porphyry and breccia targets with related high-grade vein systems in the mining-friendly department of Caldas in Colombia

The Best Video on WHY and WHEN to Buy and Sell Physical Precious Metals:

Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments, The Only Online Dealer that is Licensed and Bonded (Period)! Where we provide unlimited options to expand your precious metals portfolio, from

Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
Precious Metals FAQ – https://www.milesfranklin.com/faq-maurice/

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #InvestingInBatteryMetals, #JuniorMining, #MauriceJackson, #ProvenAndProbable, Apollo Target

Base Metals Collective Mining Junior Mining Precious Metals

Collective Mining Expands 2022 Drilling Program at the Guayabales Project

Post author By admin
Post date November 16, 2022

TORONTO, Nov. 16, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce that it has expanded the scope of its 2022 drill program at the Guayabales project. Following the Company’s recent $10.7 million bought deal financing, combined with the exploration team’s analysis of recent assay results, the Board of Directors has approved an additional 3,000 metres of drilling at the Apollo target (“Apollo”) over the balance of 2022. As a result, the Company now expects to complete approximately 23,000 metres of drilling in 2022.

The Company has already released assay results from the first 14 holes at Apollo and expects to release additional results from holes APC-15 through APC-25 over the near term. Three rigs continue to turn at Apollo with the majority of holes focused on expanding the Main Breccia discovery which has nearly tripled in potential dimension with recent drilling results and now measures 385 metres along strike by 350 metres across by 825 metres depth. Presently, drill holes APC-26 through APC-28 are advancing on schedule. Previously announced results from the Main Breccia discovery at Apollo include:

Hole	Intercept(m)	Au (g/t)	Ag (g/t)	Cu %	Zn %	Pb %	Mo %	AuEq (g/t) *
APC-2	207.15	1.46	45	0.31	0.08	0.05	0.002	2.68
APC-8	265.75	1.26	55	0.22	0.07	0.05	0.045	2.44
APC-12	237.70	1.15	72	0.38	0.08	0.07	0.001	2.88

^{* See press releases dated August 10th, September 13th and October 6th respectively.}

While plans for the 2023 drill program are currently being finalized for the Board of Directors approval prior to year-end, the Company plans to continue its aggressive drilling approach at Apollo with an aim of expanding the Main Breccia discovery even further while testing other targets at Apollo in 2023.

“Drilling at the Guayabales project in 2022 has yielded remarkable success with four distinct discoveries made across five tested targets. The obvious highlight has been the Main Breccia system at Apollo; a truly exciting high-grade and bulk tonnage copper-silver-gold discovery. Importantly, the Guayabales project is located in the heart of a 500+ year old mining camp with ten fully permitted and operating mines located within three kilometers of the project. As a result, infrastructure is abundant with hydroelectric power traversing the project in multiple locations and abundant skilled mining labor located in the surrounding towns. We look forward to continue advancing the project aggressively and are confident that Guayabales will be an important contributor to the Colombian government’s bold plan to produce energy transition metals in the near term,” stated Ari Sussman, Executive Chairman of Collective Mining.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com

The Company’s flagship project, Guayabales, is anchored by a major bulk-tonnage and high-grade copper, silver and gold discovery at the Apollo target. The Company’s near-term objective is to continue with expansion drilling while increasing confidence in the highest-grade portions of the system.

Qualified Person (QP) and NI43-101 Disclosure

Technical Information

FORWARD-LOOKING STATEMENTS

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content: http://www.newswire.ca/en/releases/archive/November2022/16/c0096.html

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, Canadian Mining Stocks, maurice jackson, proven and probable

Base Metals Collective Mining Junior Mining Precious Metals

Collective Mining to Present at 121 Mining Investment Conference November 22-23, 2022

Post author By admin
Post date November 15, 2022

TORONTO, Nov. 15, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce that it will be participating in the 121 Mining Investment Conference, taking place November 22-23, 2022 in London, UK.

Investors and interested parties can arrange a face-to-face meeting with management by registering at https://www.weare121.com/121mininginvestment-london

Management will discuss the Company’s “Main Breccia” discovery at the Apollo target. The Main Breccia discovery is a high-grade and bulk tonnage, copper-silver-gold porphyry-related breccia system characterized by two main, yet distinct pulses of mineralized fluids flooding the breccia with metals.

The Company’s Guayabales project is located in the mining-friendly department of Caldas, in the heart of a long-established mining camp with ten fully permitted and operating mines located within three kilometres of the project. As a result, the Guayabales project is blessed with excellent infrastructure with roads and hydroelectric powerlines traversing the project and an abundant labour force located nearby in the townships of Supía and Marmato.

There are currently three rigs drilling at the Apollo target. Collective expects to release assay results from holes 15-25 at Apollo over the coming weeks and through year-end. The Company’s recently expanded drill program is ongoing with holes 26-28 currently bring drilled and holes 29-31 at the planning stage.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com.

The Company’s flagship project, Guayabales, is anchored by the discovery of the “Main Breccia” at the Apollo target in June 2022, which is a large bulk-tonnage, and high-grade copper, silver and gold porphyry-related hydrothermal breccia system. The Company’s near-term objective is to continue expanding the size of the Main Breccia discovery through step-out drilling while simultaneously increasing confidence in the highest-grade portions of the system.

Management and insiders own nearly 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.

FORWARD-LOOKING STATEMENTS

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Collective Mining Ltd.

View original content: http://www.newswire.ca/en/releases/archive/November2022/15/c4414.html

Tags #AriSussman, #CNL, #CollectiveMining, #Guayabales, #InvestingInCopper, #JuniorMining, #MauriceJackson, #MilesFranklin, #PreciousMetals, #ProvenAndProbable, InvestingInColombia, maurice jackson, proven and probable

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Category: Collective Mining

Collective Mining Reviews 2022 Achievements & Provides Preliminary Plans for 2023

Collective Mining Reports Positive Preliminary Metallurgical Test Results from the Main Breccia Discovery at Apollo with up to 97% Gold Recovery from Cyanide Leach

Collective Mining Discovers a High-Grade Copper and Molybdenum Porphyry Related Soil Anomaly 150 metres South of the Main Breccia Discovery at Apollo

Collective Mining Drills 298.6 Metres at 1.54 g/t Gold Equivalent and 102.20 metres at 3.38 g/t Gold Equivalent into the Main Breccia Discovery at Apollo

Ari Sussman from Collective Mining to Present at OTC Markets Group Metals & Mining Virtual Investor Conference on December 8th, 2022

Collective Mining – Expands the Main Breccia at Apollo

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Collective Mining Significantly Expands the Main Breccia Discovery at Apollo and Drills Near Surface High-Grade Mineralization Including 168.6 Metres at 2.91 g/t Gold Equivalent

Collective Mining – Extends Exploration Program on Apollo

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Collective Mining Expands 2022 Drilling Program at the Guayabales Project

Collective Mining to Present at 121 Mining Investment Conference November 22-23, 2022

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