Category: Precious Metals

• Drill hole APC104-D6 extended the first high-grade sub-zone drill tested by the Company to date by up to 70 metres vertically by intersecting 114.50 metres @ 5.00 g/t gold equivalent within 263.85 metres at 3.10 g/t gold equivalent. Hole APC104-D6 was drilled below previously announced holes APC104-D2 and APC104-D5, which intercepted 181.35 metres @ 5.38 g/t AuEq** and 106.35 metres at 9.05 g/t AuEq**, respectively.
• Drill hole APC104-D7A clipped the eastern edge of the same sub-zone, intercepting 30.25 metres @ 5.10 g/t gold equivalent within 137.70 metres @ 2.94 g/t gold equivalent. Results to date from the new orthogonal drilling program into the first high grade sub-zone have now outlined dimensions of 180 metres of strike, 70 metres in thickness and over 70 metres vertical and is still open in most directions for future expansion.
• The Company has modeled eleven high-grade sub-zones target areas within the top 1,000 vertical metres of Apollo and plans to drill test each of them over the course of 2025. The high-grade sub-zones have the potential to boost the overall grade and mineral inventory of the Apollo system within the existing block model.
• Mother hole APC-106D was drilled outside the Apollo system to the north and intersected multiple, shallow and high-grade gold-silver veins with results including 1.65 metres @ 20.81 g/t gold equivalent and 1.90 metres @ 16.29 g/t gold equivalent. Drilling of the Northern Gold-Silver Vein Zone to the north of Apollo has now outlined a 350-metre-long zone of high-grade porphyry related veins (“CBM veins”).

TORONTO, April 15, 2025 /CNW/ – Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) (“Collective” or the “Company”) is pleased to announce assay results for three holes drilled into the Apollo system (“Apollo”). Two of the holes were designed to test the potential extension of the recently discovered first high-grade sub-zone, while the third hole was drilled into the early-stage Northern Gold-Silver Vein Zone located above and to the north of the brecciated Apollo system. Apollo is the most advanced discovery made to date within the Company’s multi-target Guayabales Project in Caldas, Colombia.

The Company currently has eight drill rigs operating as part of its fully funded 70,000-metre drill program for 2025 with five rigs drilling at Apollo, one at the Tower target and two rigs at the San Antonio Project.

The 2025 objectives for the portion of the drilling program targeting the Apollo system are:

• Drill test newly modeled high-grade sub-zone targets scattered throughout the top 1,000 vertical metres from surface to improve the grade profile (and size) of the system.
• Grow the overall dimensions of the system by expanding vertically and laterally the recently discovered high-grade Ramp Zone.
• Test the northern extension potential of Apollo at shallower elevations.
• Expand and define the area of outcropping/shallow mineralization and test many drilling gaps within the internal block model from surface to a depth of 150 metres.

Approximately 115,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 78,000 metres at Apollo. There are currently thirteen drill holes awaiting assays with results for most of these holes expected prior to the end of Q2 2025.

Ari Sussman, Executive Chairman commented: “Drilling continues to successfully intercept high-grade gold in the first of eleven potential high-grade sub-zones modelled by our technical team within the top 1,000 vertical metres of the Apollo system.  The bonus of drilling the sub-zones is that if successful in finding more gold than previous modeled, then it should raise the overall grade of the system within the existing modelled envelope. If drilling continues to intersect high grades as new sub-zone targets are tested, the impact on the block model grade and inventory could be materially significant.  Additionally, drilling at the poorly drilled Northern Gold-Silver Vein Zone has expanded the system to 350 metres in an east-west direction and it remains open in all directions for growth.  Any metal defined in this zone is a bonus as it is additional to the main Apollo system.”

To watch a video of David Reading, Special Advisor to the Company and QP under NI43-101 explain today’s results please click on the link here.

Details (see Table 1 and Figures 1-5)

• APC104-D6, collared from mother hole APC-104D, was drilled in a westerly direction below previously announced hole APC104-D2 and was designed to extend the first modelled, high-grade sub-zone by 70 metres vertically. The hole intercepted continuous mineralization over 263.85 metres which included the high-grade sub-zone and multiple zones of high-grade CBM veinlets with assay results as follows:
  • 263.85 metres @ 3.10 g/t gold equivalent from 71.65 metres including: 
    • 114.50 metres @ 5.00 g/t gold equivalent from 82.00 metres
    • 31.75 metres @ 3.10 g/t gold equivalent from 303.75 metres
  • 21.95 metres @ 3.08 g/t gold equivalent from 373.55 metres
  • 17.15 metres @ 2.60 g/t gold equivalent from 444.80 metres
• APC104-D7A, which is the final hole collared from mother hole APC-104D, was also drilled in a southwest direction on the edge of the Apollo system and clipped the eastern margin of the high-grade sub-zone with assay results as follows:
  • 137.70 metres @ 2.94 g/t gold equivalent from 160.90 metres including: 
    • 30.25 metres @ 5.10 g/t gold equivalent from 172.15 metres

The pilot drilling program designed to test the first modelled sub-zone has now defined an area of 180 metres of strike, by 70 metres in thickness and by 70 metres vertical with continuous high-grade mineralization. This sub-zone is still open in almost all directions and will be expanded as part of the current ongoing drill program. The Company also plans to drill at least eleven additional potential sub-zone targets in 2025 identified throughout top 1,000 vertical metres of the Apollo system. As a reminder, at a depth below 1,000 metres from surface, Apollo transitions in the Ramp Zone, which is a different deposit and style of mineralization.

• APC-106D was drilled to the south from newly constructed Pad19 located north and outside the Apollo system. At 350 metres downhole, the alteration began to markedly increase and then the hole cut a zone of east-west trending, high-grade CBM veins. These new intercepts are a material extension to the high-grade Northern Gold-Silver Vein Zone, which now measures approximately 350 metres in strike and remains open in all directions for expansion. Assay results for hole APC-106D are as follows:
  • 1.65 metres @ 20.81 g/t gold equivalent from 353.20 metres
  • 1.90 metres @ 16.29 g/t gold equivalent from 388.30 metres
  • 18.25 metres @ 2.10 g/t gold equivalent from 732.95 metres including:
    • 5.85 metres @ 4.88 g/t gold equivalent from 732.95 metres

As a reminder, high-grade gold-silver veins intercepted previously in 2022 in the Northern Gold-Silver Vein Zone assayed as follows:

• 10.30 metres @ 10.83 g/t gold equivalent (OLCC-4)**
• 1.30 metres @ 74.91 g/t gold equivalent (OLCC-3)**
• 1.30 metres @ 42.31 g/t gold equivalent (OLCC-3)**

The intersection of shallow CBM veins in the northern portion of the Apollo system has positive implications for the presence of brecciated porphyry at depth as this zoning of mineralization is seen further south at Apollo. Following completion of the mother hole, directional drilling is currently in progress to test for a northern extension of the Apollo system at depth where the system remains open for expansion.

Table 1: Assays Results for Drill Holes APC104-D6, APC104-D7A and APC-106D

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 is a gold, silver, copper and tungsten exploration company 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 system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company’s objectives are to improve the overall grade of the Apollo system by systematically drill testing newly modeled potentially high-grade sub-zones, expand the Apollo system by stepping out along strike to the north and expanding the newly discovered high-grade Ramp Zone along strike and to depth, expand the Trap system and drill a series of newly generated targets including Tower and X.

Management and insiders own approximately 33.4% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the NYSE American and TSX under the trading symbol “CNL” and on the FSE under the trading symbol “GG1”.

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

Samples were cut by Company personnel at Collective Mining’s core facility in Caldas, Colombia. Diamond drill core was sawed and then sampled in maximum 2 metres intervals, stopping at geological boundaries. Drill hole core diameter is a mix of PQ, HQ and NQ depending on the depth of the drill hole.

Core samples have been prepared and analyzed at ALS 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.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski73) on X

Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram

FORWARD-LOOKING STATEMENTS  

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: anticipated use of proceeds from the Offering and the exercise of Warrants; the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: planed use of proceeds from the Offering and the exercise of the Warrants; risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Collective Mining Ltd.

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Contact Us

https://www.scoutdiscoveries.com

Curtis L. Johnson

President & CEO

Phone: 1 (208) 551-3878

email: info@scoutdiscoveries.com

4224 W. Industrial Loop,

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DOGE leader says American people ‘have a right to see their gold’

Tesla CEO and Department of Government Efficiency (DOGE) head Elon Musk on Sunday voiced his support for setting up a livestream of Fort Knox and its gold reserves.

In response to a question about Musk checking on the gold at Fort Knox, the billionaire said he thought it “would be awesome to livestream Fort Knox.”

Fort Knox’s U.S. Bullion Depository is one of several places across the country where the U.S. government keeps its gold reserves. It is located in Kentucky.

Elon Musk speaks during a town hall in Green Bay, Wis., on March 30, 2025. (ROBIN LEGRAND/AFP via Getty Images)

“I mean, that would be really fun. And after all, it is actually the gold of the American people, so the American people, it seems to me, have a right to see their gold,” he said. 

ELON MUSK’S DOGE PREPARES TO AUDIT US GOLD RESERVES AT FORT KNOX AFTER URGING BY SEN RAND PAUL

“Hopefully, it looks really cool. You know, open the doors like, ‘Is it there? Is that really gold? Let’s check.’ Maybe it’ll be really interesting,” he continued.

The entrance to Fort Knox is seen on May 31, 2021. (Jon Cherry/Getty Images)

Musk said he was “all for it” and that President Donald Trump “says he’s interested in doing it, so hopefully it happens.” 

Conspiracy theories about the status of Fort Knox’s gold have been rampant on social media, and Musk and Trump have also speculated about whether the bullion remains present at the highly secure depository, saying it needs to be confirmed. 

TRUMP BACKS CONFIRMING FORT KNOX GOLD IS THERE AS TREASURY SAYS IT IS

“Who is confirming that gold wasn’t stolen from Fort Knox?” the DOGE head wrote on social media in mid-February, speculating that “maybe it’s there, maybe it’s not.”

Musk has weighed in on a Fort Knox livestream several times in recent weeks.  

In mid-February, for instance, he said on X that it “would be so cool to do a live video walkthrough of Fort Knox.” He has also said the “ratings on a live broadcast of Fort Knox would be” two fire emojis.

Both current and former Treasury secretaries have said the gold was present at Fort Knox.

Treasury Secretary Scott Bessent said in a February interview with journalist Dan O’Donnell that “we do an audit every year, so the audit that ended the year Sept. 30, 2024, all the gold is present and accounted for.” 

Treasury Secretary Scott Bessent speaks to reporters outside the White House on March 13, 2025. (Andrew Harnik/Getty Images)

In August 2017, Steven Mnuchin, who served as Treasury secretary in Trump’s first administration, took a trip to Fort Knox, according to the U.S. Mint’s website. Then-Kentucky Gov. Matt Bevin and members of Congress accompanied him.

“The gold was there when I visited it. I hope nobody’s moved it. I’m sure they haven’t,” Mnuchin told CNBC last month. “I was the first Treasury secretary to go there in, I think, over 50 years. There’s very serious security protocols in place, obviously, to protect the gold that I can’t talk about. But we went, we saw it, and if President Trump wants it to be audited, that’s obviously something that can be easily done.”

At the time of his Fort Knox visit, he posted on then-Twitter, “Thanks to @usmint staff for hosting at #FortKnox #USBD. First @USTreasury Secretary to visit since John Snyder in 1948. Glad gold is safe!” 

The United States Bullion Depository is shown at Fort Knox. (Luke Sharrett/Getty Images/File)

Fort Knox is home to 147.3 million fine troy ounces of gold bullion in deep storage, according to data published by the Treasury Department in late February. 

HOW MUCH GOLD RESERVES DOES THE UNITED STATES HOLD? 

That represented a “book value” of $6.2 billion. However, based on the price of the precious metal as of Tuesday, Fort Knox’s gold is worth more than $459.2 billion. 

The U.S. Mint said on a webpage dedicated to the U.S. Bullion Depository at Fort Knox that the “only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits,” and other than that, no gold “has been transferred to or from the Depository for many years.”

Overall, the U.S. Treasury has nearly 261.5 million troy ounces of gold bullion and gold coins “across various U.S. Treasury-maintained locations” in late February, the department reported. 

Michael Dorgan, Bailee Hill and Eric Revell contributed to this report. 

Bob Moriarty
Archives
Apr 2, 2025

The recent record high price for gold tells us war approaches. The roll-over for the stock market and cryptocurrencies tells us the debt based Western Financial system is in the process of crashing.

At times the price for gold acts like a thermometer for geopolitical events. Gold says we are going to war.

Israel and its wholly owned pet poodle, DJT, are about to launch a massive attack on Iran based on the fiction that Iran is seconds away from possessing a nuclear weapon. Since Israel possesses some 200-400 nuclear weapons and is not in compliance with the Non-Proliferation Treaty they certainly don’t want anyone else in the neighborhood to be able to defend themselves.

Israel’s control of so many WMD is not actually a problem for the US because the Symington Amendment prevents the US from providing military or economic aid to countries who do not comply with the regulations of the IAEA. Israel does not comply with the NNPT or the IAEA but you will be pleased to know that Iran is in compliance with both the NNPT and the IAEA in all aspects.

We know the status of Iran’s nuclear weapons program for two important reasons. (1) The top US government official responsible for all our 18 intelligence agencies went on record a long time ago saying, “Iran is not building a nuclear weapon.”

No, sorry. I was mistaken. It was last week.

The 2nd proof of Iran’s nuclear weapons program is the statement by Benjamin Netanyahu in 1992 that Iran was on the verge of having nuclear weapons. Since Netanyahu is one of the top three liars in Israel, we know Iran has no nuclear weapons program.

Iran is not the enemy of the United States. Iran is supported by both Russian and China. Any attack on Iran will be responded to. Given Iran’s 100% successful attacks on Israel in 2024, I think Iran can destroy Israel all by itself but it does have backup.

Iran has no nuclear weapons program. Israel is the only country in the Middle-East controlling nuclear WMD.

But just for a moment let’s pretend the seven B-2 Bombers located on Diego Garcia backed up by nine KC-135 refueling aircraft and numerous C-17 support aircraft, an attack submarine and two aircraft carriers launch a surprise nuclear strike on Iran taking the country totally off guard and murdering 99% of Iranians.

If a girl scout troop with fifteen 12-year-old girls survived but were equipped with three BB guns, two slingshots and a bow and arrow they could close the 39 km wide Strait of Hormuz. 25% of the world’s oil and a third of the world’s LNG passes through that passageway.

A girl scout troop could drive the price of oil $300-$400 a barrel overnight. That would stop the world’s economy in its tracks.

Anything worth doing is worth doing right. Anything not worth doing is not worth doing.

If some group of religious fanatics wanted to destroy the world so they could take over, they would try to attack Iran in the next couple of weeks.

They will lose.

###

Bob Moriarty
President: 321gold
Archives

321gold Ltd

http://www.321gold.com/editorials/moriarty/moriarty040225.html