The program for the next seminar on 23rd August 2025 is linked here.
This is a friendly reminder that seats for Friday dinner with Albert Lu are limited. Only the first eighty people who register will be invited. Of course, the price of the ticket will increase as the event date approaches.
If you are already registered, I will email you in two weeks to ask if you will be attending the Friday dinner with Albert Lu.
You may use coupon code PPC2025 for a 10% discount.
While I quite liked our usual room for the seminar, we had audio problems there. So, the new location will be a couple of blocks away. Please make a note of the seminar room location from the webpage.
The playlists of all the past Capitalism & Morality seminars are linked here.
Drilling results from two step out holes, APC-22 and APC-23, have expanded the copper-silver-gold footprint of the Main Breccia discovery at the Apollo target to the north and east.
Step-out drill hole APC-22, which expanded the system more than 100 metres to the north, intersected 426 metres @ 1.51 g/t gold equivalent.
Near the beginning of hole APC-22, two shallow zones of high-grade mineralization were encountered highlighted by 47.25 metres @ 5.45 g/t gold equivalent from 60 metres vertical.
APC-22 was terminated at 734 metres depth due to rig capacity and bottomed while still in mineralization averaging 3.3 metres @ 0.48 g/t gold.
Step-out drill hole APC-23, which intersected a mix of continuously mineralized angular breccia (higher grade) and flour breccia (lower grade), expanded the system to the east by intercepting 71.7 metres @ 1.01 g/t gold equivalent.
Assay results are still pending for holes 25 through 30 drilled into the Main Breccia system at the Apollo target with the 2023 program set to kickoff over the coming days.
Ari Sussman, Executive Chairman commented: “APC-22 is an important drill hole for the Company. Firstly, it significantly expanded the mineralized footprint of the system to the north-northeast and remains completely open for further expansion. Secondly, the near surface high-grade intercept in the hole, which was enriched by both porphyry style copper and gold and low sulphidation derived precious metals flooding the breccia matrix, opens up a new high-grade area for drilling. Drill hole APC-29, for which we do not yet have assay results and was drilled from the same pad, intersected similar style mineralization near surface at even greater intensity than APC-22. We believe that we have a “tiger by the tail” and that the system will continue to grow both in grade and scale with further drilling.”
TORONTO, Jan. 11, 2023 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce assay results from two step-out holes and one shallow hole drilled into the Main Breccia discovery at the Apollo target (“Apollo”), which is part of the Guayabales project located in Caldas, Colombia. The Main Breccia discovery is a high-grade, bulk tonnage copper-silver-gold porphyry-related system, which owes its excellent metal endowment to multiple phases of mineralization which includes older copper-silver-gold porphyry mineralization and younger, overprinting, precious metal rich sheeted carbonate base metal vein systems.
Details (See Table 1 and Figures 1–4)
Assay results for twenty-five diamond drill holes have now been announced at Apollo with results for a further six holes expected in the near term. This press release deals with results from two step out holes drilled to extend the deposit northwards and eastwards, and a shallow hole drilled on the western side of the deposit. Results and details of three drill holes are summarized below.
APC-22 is a step out hole drilled to the north-northeast from Pad 3 to a maximum depth of 734.8 metres and intercepted three mineralized zones. The two shallow zones are located directly beneath surface outcrops with the initial 47.25 metre intercept commencing at 89.25 metres downhole (60 metres vertical), and a second zone starting at 167 metres downhole with 16.80 metres of mineralization (100 metres vertical). Mineralization in these shallow zones is hosted within the matrix of angular quartz diorite breccia with sulphides consisting of chalcopyrite (1%-2.5%), pyrrhotite (1%) and pyrite (1%-1.5%). Finally, the third zone, which starts at 308.80 metres downhole (276 metres vertical) hit 424.10 metres of continuous mineralization until the end of the drillhole at 734.80 metres in length (650 metres vertical). This long and continuous zone of mineralization consists of chalcopyrite (0.5%) and pyrite (1%-2%) in the breccia matrix which is in turn overprinted by multiple zones of sheeted carbonate base metal (“CBM”) vein material, which are predominantly sphalerite rich with minor galena. The hole bottomed in mineralization due to the limitations of the drill rig with assay results as follows:
47.25 metres @ 5.45 g/t gold equivalent consisting of 4.65 g/t Au, 22 g/t Ag, 0.39% Cu and 30 ppm Mo from 89.25 metres downhole (60 metres vertical depth).
16.80 metres @ 4.56 g/t gold equivalent consisting of 2.59 g/t Au, 79 g/t Ag, 0.50% Cu and 20 ppm Mo from 167.0 metres downhole (100 metres vertical depth).
426.0 metres @ 1.51 gold equivalent consisting of 1.05 g/t Au, 23 g/t Ag, 0.08% Cu and 10 ppm Mo from 308.80 metres downhole (276 metres vertical depth) and includes; 64.85 metres @ 3.67 g/t gold equivalent, 25.8 metres @ 2.59 g/t gold equivalent and 15.55 metres @ 2.04 g/t gold equivalent.
Hole APC-23 was drilled south from pad 5 to a maximum downhole length of 454.9 metres. This step- out hole aimed to test for an eastern extension to the Main Breccia system. The hole intercepted mineralization over 71.7 metres begining at 311.4 metres downhole. Mineralization in this eastern area occurs in both angular (higher grade) and fluid breccia (lower grade) morphologies and is associated with sulphide cement containing both pyrite and pyrrhotite with some overprinting CBM veins with assay results as follows:
Hole APC-24 was a shallow hole drilled south-southwest from Pad 4 to test for western extensions to the main breccia. The hole drilled to a maximum downhole length of 349.9 metres and only intersected mineralized crackle breccia from 101 metres (85 metres vertical depth). Gold and silver mineralization relates to matrix sulphides including pyrite (1%) and pyrrhotite (0.5%) with overprinting CBM veinlets containing sphalerite and some galena. The crackle breccia locates peripherally and above the Main Breccia system. Steeper drilling is thus required in this area to intersect the Main Breccia body. Nevertheless, mineralization was observed in the crackle breccia and returned the following results:
In 2022, a total of 14,975 metres (31 holes) were drilled at the Apollo target. To date assay results have been released for 25 holes with results for the holes that remain outstanding expected in early 2023.
The Company’s 2023 drill program will begin in the coming days and will focus on targeting the high-grade subzones within the Main Breccia system while simultaneously expanding the potential size of the system. Additionally, the Company will remain aggressive in testing new targets at Apollo including the newly generated copper and molybdenum porphyry target located 150 metres south of the Main Breccia system.
The Apollo target area, as defined to date by surface mapping, rock sampling and copper and molybdenum soil geochemistry, covers an 1,000 metres X 1,200 metres area. The Apollo target area hosts the Company’s Main Breccia discovery plus a vein system located above and on the eastern flank of the Main Breccia discovery. Multiple additional untested breccia, porphyry and vein targets have been generated with drilling to begin testing these targets in Q1, 2023. The overall Apollo target area also remains open for further expansion.
Table 1: Apollo Target Assays Results for Holes APC-22 to APC-24
HoleID
From (m)
To (m)
Intercept (m)
Au (g/t)
Ag (g/t)
Cu %
Mo %
AuEq (g/t)*
APC-22
89.25
136.50
47.25
4.65
22
0.39
0.003
5.45
167.00
183.80
16.80
2.59
79
0.50
0.002
4.56
and
308.80
734.80
426.00
1.05
23
0.08
0.001
1.51
Incl
406.15
471.00
64.85
3.16
33
0.08
0.001
3.67
568.10
593.90
25.80
2.23
25
0.05
0.001
2.59
665.85
681.40
15.55
1.59
26
0.07
0.001
2.04
APC-23
311.35
383.05
71.70
0.86
10
0.02
0.001
1.01
359.1
376.4
17.30
1.47
14
0.04
0.001
1.69
APC-24
101.00
151.60
50.60
1.15
10
0.02
0.001
1.28
Incl
110.05
120.20
10.15
2.19
8
0.01
0.003
2.25
128.75
134.75
6.00
2.04
11
0.02
0.001
2.15
and
316.25
317.65
1.40
4.85
26
0.08
0.001
5.15
*AuEq (g/t) is calculated as follows: (Au (g/t) x 0.95) + (Ag g/t x 0.016 x 0.95) + (Cu (%) x 1.83 x 0.95)+ (Mo (%)*9.14 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 – $24/oz Mo US$20.00/lb and Au – US$1,500/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.
** 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 Drill Holes APC-22 & APC-23 and Outstanding Holes Which May Expand the Main Breccia Mineralized Footprint
Figure 1: Plan View of the Main Breccia Discovery at Apollo Highlighting Drill Holes APC-22 & APC-23 and Outstanding Holes Which May Expand the Main Breccia Mineralized Footprint (CNW Group/Collective Mining Ltd.)
Figure 2: Plan View of the Guayabales Project Highlighting the Apollo Target
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-22
Figure 3: Apollo Target: Main Breccia Cross Section with Core Photo Highlights from APC-22 (CNW Group/Collective Mining Ltd.)
Figure 4: Apollo Target: Core Photo Highlights from APC-23
Figure 4: Apollo Target: Core Photo Highlights from APC-23 (CNW Group/Collective Mining Ltd.)
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.
Information Contact
Follow Executive Chairman Ari Sussman (@Ariski) and Collective Mining (@CollectiveMini1) on Twitter
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.
The following was conducted during the 2022 – Capitalism and Morality, hosted by Jayant Bhandari.
Legendary investor, philosopher Rick Rule speaks at the world famous ‘Capitalism and Morality’. Mr. Rule will be presenting moral and philosophical thoughts in his presentation regarding the attack on the rich. Absolute must watch!
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
Joining us for a conversation is Jayant Bhandari the Founder of Capitalism and Morality and highly sought out advisor to institutional investors. As we will travel the globe today to get some insights on geopolitical events that are taking shape that may impact you, along with some arbitrage opportunities for your portfolio, and see how philosophy impacts the aforementioned
Dr. Amy Wax recently appeared on Tucker Carson’s show, in which she called India a shithole. In the following talk with RBM, I disagree. India is a rotting, bubbling shithole that is rapidly falling apart under the rule of a thoroughly incompetent, crooked, and venal bunch of politicians and bureaucrats, who are backed by tribal, superstitious masses:
These days, on a daily basis people get arrested in India for posting anything negative about Modi, the PM of India. A friend, a freedom-fighter, and the National Vice President of Swatantra Bharat Party, the only libertarian party in India, Sanjay Garg, has been arrested without bail by the Indian government apparently for his social media posts. He has been deemed to be such a terrorist that the police report has not been made public.
On Investments
GCM Mining Warrant (GCM.WT.B; C$1.83) has fallen significantly over the last few weeks, perhaps because of the fear to do with the likelihood that the next president of Colombia might be a leftist. While this might happen, my view is that the market valuation of the company is sufficiently underpinned by its project in Guyana and the stock investments it has. Its investments with a marked-to-the-market value on 31st March 2022 of C$160 million have gone up by about 15%, something the market has perhaps forgotten to take note of. The Colombian project continues to make a good profit, which enables a 4.5% dividend yield.
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
Joining us for a conversation is Jayant Bhandari, the founder of ‘Capitalism and Morality‘, as we will discuss a number of topics in this action-packed interview:
TIMESTAMP:
:26 – Introduction
3:45- Who is to blame for the Racial and Class Warfare in America
6:52 – What lessons we can learn from the relationship between the Media & President Trump
8:11 – Looking back on the successes of the Trump Administration
10:37 – How will American change under a President Biden
13:42 – Constrained versus Unconstrained Visions for the United States (Reparations)
16:48 – Wealth Confiscation
18:28 – Is the Green Deal a Buy or Sell
20:42- Why are precious metals paramount at times like today
22:07 – Which metals are Jayant buying right now gold, silver, platinum, palladium, or rhodium
25:34 – Which Resources Stocks is Jayant buying right now
31:26 – Are there any Arbitrage Opportunities right now
31:55 – Capitalism and Morality
33:29 – What Keep you up at night that we don’t know about
35:00 – What did I forget to ask
Website: http://jayantbhandari.com/capitalism-morality/capitalism-morality-2021/
Promo Code: P&P
Featuring: Rick Rule, Doug Casey, Brien Leni, Albert Lu, Frank Raymond, Lilija Valis, Daniel Lu, Jayant Bhandari
Website| www.provenandprobable.com
Call me directly at 855.505.1900 or email: Maurice@MilesFranklin.com
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Proven and Probable
Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments (https://www.milesfranklin.com/contact/) Where we provide unlimited options to expand your precious metals portfolio, from physical delivery, offshore depositories, and precious metals IRA’s. Call me directly at (855) 505-1900 or you may email maurice@milesfranklin.com.
Proven and Probable provides insights on mining companies, junior miners, gold mining stocks, uranium, silver, platinum, zinc & copper mining stocks, silver and gold bullion in Canada, the US, Australia, and beyond.
