Collective Mining Ltd. 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 over the balance of 2022. As a result, the Company now [...]
Collective Mining Ltd. 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 [...]
Collective Mining Ltd. is pleased to announce that the Mayor's office of Marmato has formally acknowledged Collective Mining's social activities and efforts within the municipality. Known as "Resolution 520, 2022", the municipality expresses its gratitude for the contributions to the development of social, economic and governance matters since the Company's arrival in 2020. The township of Marmato, which is located in the [...]
Collective Mining Ltd. is pleased to provide the following drilling update following the recent closing of its successful $10.7 million bought deal equity financing. The Company is currently advancing on schedule and on budget with its 20,000-metre drill program for 2022. The Guayabales project is located in the mining-friendly department of Caldas, in the heart of a long-established mining camp with ten fully permitted [...]
Collective Mining Ltd. is pleased to announce that is has closed its previously announced "bought deal" offering of units of the Company for aggregate gross proceeds of approximately $10.7 million . The Offering was conducted by a syndicate of underwriters led by Clarus Securities Inc., and including BMO Nesbitt Burns Inc. and TD Securities Inc. , and consisted of the sale of 4,783,400 Units at a price of $2.25 per Unit [...]
Collective Mining Ltd. is pleased to announce that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis 4,444,800 units of the Company at a price of $2.25 per Unit for aggregate gross proceeds to Collective of $10,000,800 . Each Unit will consist of one common share in the capital of the [...]
Visual observations from two step-out diamond drill holes within the Company's Main Breccia discovery at the Apollo target have intersected the most cumulative mineralization in drill holes completed to date as well as significantly expanded the known dimensions of this exciting new discovery. Hole APC-17, which was drilled due north from Pad 3, cut more than 600 metres in total of favourable mineralization before [...]
Visual observations from two step-out diamond drill holes within the Company's Main Breccia discovery at the Apollo target have intersected the most cumulative mineralization in drill holes completed to date as well as significantly expanded the known dimensions of this exciting new discovery. Hole APC-17, which was drilled due north from Pad 3, cut more than 600 metres in total of favourable mineralization before [...]
APC-12 intersected the highest-grade assay results drilled to date in the Main Breccia discovery at the Apollo target. The hole intercepted a continuous, broad, and consistently high-grade zone of copper-silver-gold mineralization with multiple, overprinting carbonate base metal veins observed within the breccia matrix and returned: 237.70 metres @ 2.88 g/t gold equivalent APC-14 intersected two separate zones of [...]
Three widely spaced reconnaissance holes up to 600 metres apart were drilled to test the Trap target , a north-northwest trending structurally controlled corridor with evidence of overprinting porphyry veins and late-stage carbonate base metal veins. All three holes intersected highly altered porphyry rocks with multiple sheeted and stockwork veinlets, with hole TRC-1 yielding the most robust results as follows: 102.2 [...]
Recent geological mapping of rocks exposed by pad 3 drill access tracks have confirmed that the Main Breccia discovery at the Apollo Target daylights at surface north and east of the drill pad. Recently completed drill hole, APC-14, which was drilled due north from pad 3, intersected the Main Breccia approximately 50 metres below the newly discovered northern outcrop. The hole cut more than 240 metres in total of [...]
APC-8 intersected a broad, high-grade zone of breccia mineralization with multiple, overprinting carbonate base metal veins and returned: 265.75 metres @ 2.44 g/t gold equivalent . APC-6 also intersected the main breccia zone with some interfingering, mineralized rock flour breccia towards the northern end of the hole resulting in a broad interval as follows: 326.05 metres @ 1.07 g/t gold equivalent . As a result of the [...]
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