Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF)
(“Collective” or the “Company”) is pleased to announce visual
observations from three additional holes completed at the Apollo
target (“Apollo”) at the Company’s Guayabales project located in
Caldas, Colombia. Apollo is a newly discovered high-grade
copper-gold-silver porphyry-related breccia where the Company
recently announced the assay results for the discovery hole APC-1,
which intersected
87.8 metres @ 2.49 g/t AuEq (see
press release dated June 22, 2022). 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. As part of its fully funded
20,000+ metre drill program for 2022, there are currently three
diamond drill rigs operating at the Apollo target with an
additional rig being mobilized to site to begin the Phase II
program at the Olympus target in August 2022.
Highlights (See Figures 1 –
4)
- Drill holes APC-3 and APC-5 were drilled in opposite directions
from two separate drill pads to the northeast and southwest
respectively in order to test continuity of the mineralized breccia
previously intersected in holes APC-1, APC-1W and APC-2 (see press
releases dated April 27, 2022, June 22 and July 6, 2022).
Both holes intersected at least 200 metres of mineralized breccia,
from 276 metres downhole (200 metres vertical) in APC-3 and from
252.6 metres downhole (135 metres vertical) in APC-5. Core
from these holes have been sent to the lab as a batch and assay
results are expected in the near future.
- Drill hole APC-4 targeted a newly generated breccia target
located closely to the east of the main breccia at Apollo where a
small historical artisanal mine is located. After passing through
weathered and unmineralized material, the hole intersected 10 to15
metres of favorable breccia with overprinting CBM veins. Core
logging from this hole is being finalized and half core will be
sent to the assay lab shortly for analysis.
- Visual observations and results to date from the first
five holes drilled into the Apollo target confirm that the main
mineralized breccia has a minimum strike length of 300 metres in a
NE-SW direction and extends to at least 400 metres vertically below
surface. The target remains open in all directions.
- Mineralization is remarkably continuous along the axis
of both intercepts and is hosted within a breccia sulphide matrix
consisting of chalcopyrite (Cu), pyrite and pyrrhotite.
The breccia clasts are all quartz diorite in composition and this
hydrothermal system is clearly linked to a porphyry system.
Additionally, overprinting carbonate base metal (“CBM”)
veins flood the breccia matrix in various
locations along the mineralized intervals. In drill hole APC-3,
zones of sheeted CBM veins were outlined over intervals of 10 to 25
metres with visible sphalerite (Zn) and Galena (Pb) observed.
- The Apollo target, as defined to date by surface
mapping, rock sampling and copper and molybdenum soil geochemistry,
covers an 800 metre X 700 metre area and further drilling is
planned from various locations to continue to expand the
mineralized zone.
- 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.
“The Apollo target continues to expand in size
as we complete further drilling. These two new holes outline the
robust nature of this mineralized breccia, and we now have three
intercepts measuring more than 200 metres in length which are
beginning to point to the discovery of a potentially large
bulk-style mineralized system. We will continue to be aggressive in
drilling Apollo at various orientations and dips 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/89419a7c-4e06-40e9-befb-bfb1005c0def
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/6ce1abed-600a-4ab5-bcef-95cfff710ede
Figure 3: Plan View of the Hydrothermal Breccia
Discovery Made at Apollo Highlighting the Various Holes Completed
or Underway to
Datehttps://www.globenewswire.com/NewsRoom/AttachmentNg/123695b8-cbb2-4c65-a949-01832831e7e2
Figure 4: Apollo Target Cross Section NE-SW With APC-3
and APC-5 Highlighting Mineralized Intervals and Vertical Depths of
Mineralization. Related Core Photos
Highlightedhttps://www.globenewswire.com/NewsRoom/AttachmentNg/787cff99-ef52-4d16-afdd-9f46f606957a
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 Mining
currently holds options 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 identified. 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 AuEq at the Apollo target. At the San
Antonio project, the Company intersected, from surface, 710 metres
at 0.53 g/t 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