Collective Mining Ltd. is pleased to announce the closing of Agnico Eagle Mines Ltd.'s investment in Collective pursuant to which Agnico Eagle subscribed for 4,741,984 common shares in the capital of the Company at a price of C$11.00 per Share for aggregate consideration of approximately C$52.1 million . Concurrently with the closing of the Offering, Agnico Eagle exercised all of the common share purchase warrants of [...]
Collective Mining Ltd. is pleased to announce that it has entered into an agreement with Agnico Eagle Mines Ltd. pursuant to which Agnico Eagle has agreed to subscribe for 4,741,984 common shares in the capital of the Company at a price of C$11.00 per Share . Closing of the Offering is conditional upon, among other things, Agnico Eagle concurrently exercising the common share purchase warrants of the Company it currently [...]
Drill hole APC105-D1 cut 75.80 metres at 8.01 g/t gold equivalent and represents the longest and best intercept on a grade accumulation basis encountered to date in the new Ramp Zone discovery. Drill hole APC103-D3 intersected 20.30 metres @ 6.68 g/t gold equivalent before entering a post mineral dyke at an oblique angle and being terminated. The two holes announced in this press release have expanded the Ramp Zone [...]
Drill hole APC104-D5, which was designed to intercept the same high-grade sub-zone discovered in hole APC104-D1 at a deeper elevation, intersected 106.35 metres at 9.05 g/t gold equivalent within 497.35 metres at 3.01 g/t gold equivalent. On a grade accumulation basis , APC104-D5 yielded 1,499 g/t gold equivalent and is the best hole drilled to date at Apollo. The Apollo sub-zones are broad mineralized high-grade areas [...]
Collective Mining Ltd. is pleased to announce the appointment of Jasper Bertisen to its Board of Directors effective immediately. Ari Sussman Chairman of Collective's Board of Directors commented, "Jasper is a well-seasoned executive in the mining industry with a strong background in the evaluation of mining projects from both technical and financial perspectives. His ability to provide strategic guidance in advancing our [...]
Drill Hole APC103-D2 cut an impressive 51.95 metres grading 8.38 g/t gold equivalent in the New Ramp Zone discovery and is the deepest hole ever drilled at the Apollo system with the hole bottoming in mineralization at approximately 1,200 metres below surface. Both holes announced herein have expanded the recently discovered high-grade Ramp Zone by approximately 50 meters along strike and 150 metres vertically. The Ramp [...]
Collective Mining Ltd. is pleased to announce that it has commenced drilling at the San Antonio Project , located in Caldas, Colombia. The Company plans to drill a minimum of 2,500 metres and test three large gold-copper porphyry targets located within a well-defined 2.5-kilometer mineralized corridor. The Company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025. Two [...]
Hole APC104-D2 was drilled orthogonally across Apollo and successfully extended the high-grade subzones originally intersected in drill hole APC104-D1 by up to 50 metres laterally. As a reminder, discovery hole APC104-D1 was announced on December 16, 2024, and cut 150.55 metres at 6.16 g/t AuEq within 534.40 metres at 2.70 g/t AuEq. Two additional holes to test the high-grade subzones have been completed and are in the [...]
Collective Mining Ltd. is pleased to announce final assay results from the 2024 drill program at the Trap and Plutus targets. At the Trap Target , drilling has confirmed and expanded the high-grade area northwards within the Trap Main Zone and has discovered a new high-grade vein system in the south of the target area. At the Plutus Target, reconnaissance drilling continued to cut shallow levels of a mineralized porphyry [...]
The hole was successfully drilled orthogonally across the Apollo system to test, for the first time, the potential of newly modelled broad high-grade subzones within the system. Two additional holes to test the newly modelled high-grade subzones have been completed. Both holes intersected the projection of the newly modelled subzones and cut significant sulphide mineralization over broad intervals with assay results [...]
Collective Mining announces with profound sadness, that Mr. Paul Murphy, a valued member of Collective's Board of Directors, passed away. Paul Murphy was a Partner of PricewaterhouseCoopers LLP from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career, Mr. Murphy worked primarily in the resource sector, with a client list that includes major international oil and gas, and [...]
Collective Mining is pleased to announce the discovery of a new silver zone in the northern section of the Apollo system. The Company currently has four drill rigs operating at the Guayabales Project as part of its fully funded and on-schedule, 40,000-meter drilling program for 2024 with three rigs operating at Apollo and one rig at the Trap system. The Company plans on embarking on a fully funded 60,000-meter diamond [...]