Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF)
(“Collective” or the “Company”) is pleased to announce visual
observations from the third completed drill hole at the Apollo
target (“Apollo”). Apollo is a newly discovered high-grade
copper-gold-silver porphyry-related breccia and the Company
recently announced the assay results for the discovery hole
(APC-1), which intersected
87.8 metres @ 2.49 g/t
AuEq. Apollo is one of eight porphyry-related targets
situated within a three-by-four-kilometre cluster area generated by
the Company through grassroots exploration at the Guayabales
project, located in Caldas, Colombia. As part of its fully funded
20,000-metre drill program for 2022, there are currently three
diamond drill rigs operating at Guayabales, with two turning at
Apollo and one turning at the Trap target.
Highlights (See Figures 1 –
4)
- APC-2,
which was drilled to the southwest from a drill pad located 200
metres southeast of the collars for APC-1 and APC-1W,
intercepted over 200 metres of mineralized breccia from
154.7 metres downhole (100 metres vertical). Core from
this hole and APC-1W have been sent to the lab as a batch and assay
results are expected shortly.
-
Mineralization is remarkably continuous along the axis of
the intercept of interest in APC-2 and is hosted within a breccia
sulphide matrix consisting of chalcopyrite (Cu), pyrite and
pyrrhotite. Additionally, overprinting carbonate base metal (“CBM”)
veins flood the breccia matrix in various locations along
the mineralized interval in APC-2 with visible sphalerite (Zn) and
Galena (Pb) observed. The breccia clasts are all quartz diorite in
composition and this hydrothermal system is clearly linked to a
porphyry system. The mineralization in APC-2 is remarkably
consistent with the mineralization observed in APC-1 and APC-1W
(refer to press releases dated April 27, 2022 and June 22,
2022 for further details).
- APC-2
extends this mineralized system at least 200 metres to the
northeast and 100 metres to the southwest and is located centrally
within the 800 metre X 700 metre Apollo target
area. The Company is currently drilling two
additional holes, APC-3 and APC-4, which aims to expand the
mineralized system and better understand the morphology of this new
discovery.
- Apollo
remains open to the east, west, south and at depth for further
expansion. Due to the size of the target area and success in early
drilling, a fourth drill pad is now under
construction.
- The Apollo
target area consists of newly generated porphyry and porphyry
related breccia and vein targets with coincidental
high-grade copper and molybdenum soil anomalies in places measuring
greater than 500 parts per million (“ppm”) in copper and 30 ppm in
molybdenum. Additionally, surface sampling at Apollo has
uncovered a series of high-grade gold outcrops with numerous rock
samples assaying greater than 3 g/t gold.
- Apollo
is road accessible all year-round and is situated within
an elevation range of 1,800 to 2,000 metres above sea level.
Additionally, an electrical substation is located less than
one kilometre from the target area.“At more than 200
metres in length and with at least three distinct overprinting
types of mineralization observed, APC-2 is a nice surprise and has
the potential to provide another high-grade intercept of bulk-style
mineralization. Although we are at an early stage in understanding
Apollo, the target is clearly demonstrating excellent potential to
ultimately evolve into a large mineralized system. We will continue
to be aggressive in drilling Apollo at various orientations and
dips in order to learn the geometry of the system and unlock the
potential of this very exciting new discovery,” commented Ari
Sussman, Executive Chairman.
Figure 1: Plan View of the Guayabales Project
Highlighting the Apollo
Targethttps://www.globenewswire.com/NewsRoom/AttachmentNg/a179f373-5e53-4e98-877d-93edcd4e9a26
Figure 2: Plan View of the Apollo Target Area Outlining
the Porphyry and Breccia Targets, their Related Soil Anomalies and
Drill Holes Completed or Currently
Underwayhttps://www.globenewswire.com/NewsRoom/AttachmentNg/d09c45bd-778a-4b15-9fb1-3d4ece1e8369
Figure 3: Plan View of the Hydrothermal Breccia
Discovery Made at Apollo highlighting
APC-2https://www.globenewswire.com/NewsRoom/AttachmentNg/928a6b1f-00a1-484c-b57f-cbc19db505f4
Figure 4: Apollo Target Cross Section NE-SW With APC-2
mineralized interval and position relative to APC-1. Related Core
Photos
Highlightedhttps://www.globenewswire.com/NewsRoom/AttachmentNg/0f3c2c27-f4cf-4910-8fbf-4daf894dd2cc
Re-Approval of Stock Option Plan
The Company also announces that at the annual
special meeting of shareholders of the Company held on June 29,
2022, the Company’s 10% “rolling” stock option plan (“Plan”) was
re-approved by shareholders in accordance with the policies of the
TSX Venture Exchange (“TSXV”). The newly approved Plan also
reflected certain house-keeping amendments to ensure compliance
with the new Policy 4.4 of the Exchange which came into effect on
November 24, 2021.
About Collective Mining Ltd.
Twitter: @CollectiveMini1Instagram: CollectiveMiningLinkedIn:
Collective MiningFacebook: Collective Mining Colombia
To see our latest corporate presentation, please
visit www.collectivemining.com
Collective Mining is an exploration and
development company focused on identifying and exploring
prospective mineral projects in South America. Founded by the team
that developed and sold Continental Gold Inc. to Zijin Mining for
approximately $2 billion in enterprise value, the mission of the
Company is to repeat its past success in Colombia by making
significant new mineral discoveries and advance the projects to
production. Management, insiders and close family and friends own
nearly 45% of the outstanding shares of the Company and as a
result, are fully aligned with shareholders. Collective currently
holds an option to earn up to a 100% interest in two projects
located in Colombia. As a result of an aggressive exploration
program on both the Guayabales and San Antonio projects, a total of
eight major targets have been defined. The Company is fortuitous to
have made significant grassroot discoveries at both projects with
near-surface discovery holes at the Guayabales project yielding 302
metres at 1.11 g/t AuEq at the Olympus target, 163 metres at 1.3
g/t AuEq at the Donut target and 87.8 metres at 2.49 g/t AuEg at
the Apollo target. At the San Antonio project, the Company
intersected, from surface, 710 metres at 0.53 AuEq. (See press
releases dated October 27th, 2021, November 15, 2021, March 15,
2022 and June 22, 2022 for AuEq calculations.)
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.
Contact Information
Collective Mining Ltd.Steve Gold, Vice
President, Corporate Development and Investor RelationsTel. (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.
Collective Mining (TSXV:CNL)
過去 株価チャート
から 11 2024 まで 12 2024
Collective Mining (TSXV:CNL)
過去 株価チャート
から 12 2023 まで 12 2024