Core Insights - The company is conducting a fully funded 60,000-metre drill program for 2025, with five drill rigs currently operational and two additional rigs contracted to start in February [1] - The Ramp Zone is a priority target in the drilling program, with plans to deploy up to three rigs simultaneously [1] Drilling and Mineralization - Gold and silver mineralization in the Ramp Zone is associated with bismuth and tellurium sulphides, along with pyrite and pyrrhotite [3] - Early assay results from the Ramp Zone show significantly higher gold grades compared to the nearby Marmato Deeps deposit, which is located 1.75 kilometers southeast [3][5] - The company has identified two primary reasons for the higher gold grades in the Ramp Zone [3] Assay Results - Drill hole APC103-D2 intersected high-grade mineralization at 1,200 metres below surface, extending the vertical dimension of the Ramp Zone by 150 metres [5] - Significant assay results include: - 51.95 metres at 8.38 g/t gold equivalent from 227.10 metres, including 18.05 metres at 16.32 g/t gold equivalent [5] - 48.30 metres at 3.00 g/t gold equivalent from 396 metres in hole APC103-D1 [5] - The mineralization is located between 1,050 metres and 1,200 metres below surface, indicating a new style of mineralized system [5] Comparison with Marmato Deeps - The Ramp Zone's mineralization is hosted within a breccia, which has more porosity for metal-bearing fluids compared to the porphyry host rock at Marmato Deeps [6] - The Marmato Deeps deposit has an NI43-101 compliant resource estimate of 3.76 million ounces of gold at 2.54 g/t in the measured plus indicated category [5] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [9][10] - The company is listed on the NYSE and TSX under the symbol "CNL" and on the FSE under "GG1" [11]

Core Viewpoint - Collective Mining Ltd. has initiated drilling at the San Antonio Project in Caldas, Colombia, targeting three significant gold-copper porphyry systems within a 2.5-kilometer mineralized corridor, with plans to drill at least 2,500 meters [1][5]. Group 1: Drilling and Exploration Plans - The company is operating five drill rigs as part of a fully funded 60,000-meter drill program for 2025, with two additional rigs expected to start drilling in late January and February [2]. - Drilling has commenced at the Pound target, where previous drilling in 2021 intercepted 710 meters at 0.53 g/t gold equivalent and 750 meters at 0.41 g/t gold equivalent [5]. - New soil anomalies for gold, copper, and molybdenum have been identified at the Real and Euro targets, which will be tested with reconnaissance drilling in Q1 2025 [5]. Group 2: Historical Context and Discoveries - The San Antonio Project was initially discovered shortly after the company went public in 2021, with significant mineralization found in two high-risk drill holes [3]. - The company has reinterpreted historical data and conducted extensive surface mapping and geochemical sampling, leading to the identification of a strongly altered and mineralized corridor [5]. Group 3: Management Insights and Future Expectations - The Executive Chairman expressed confidence in the potential for discovering a major gold-copper porphyry system at San Antonio, citing impressive alteration zones and high-grade mineralization on the surface [3]. - The company believes that previous drilling may have encountered the pyrite halo of a copper-gold porphyry system, with stronger mineralization likely nearby [5].

Core Insights - The company is advancing its drilling program with five rigs currently operational as part of a fully funded 60,000-metre drill program for 2025, with two additional rigs contracted for late January and February [1][2] - A new high-grade gold-rich vein system has been discovered, indicating significant mineralization potential in the Trap area, particularly in the TMZ and Blackjack zones [2][6] - The 2025 drilling program will focus on expanding the mineralization to the northwest, where recent data suggests a possible porphyry feeder source [7][10] Trap Target - The Trap Main Zone (TMZ) shows continuity of mineralization over 700 metres of strike length, with significant assay results including 40.50 metres at 4.01 g/t AuEq and 41.10 metres at 2.13 g/t AuEq [7][8] - The Blackjack Zone has also yielded promising results, with drill hole TRC-28D intersecting 21.35 metres at 1.14 g/t AuEq and 11.55 metres at 3.89 g/t AuEq [7][8] New High-Grade Gold Vein System Discovery - A discreet high-grade gold vein system has been discovered with at least 400 metres of strike length potential, featuring assay results such as 1.30 metres at 49.30 g/t gold and 2.80 metres at 234.15 g/t gold [10][11] - Additional fieldwork is planned for Q1 2025 to further explore this new discovery [10] Plutus Target - The final reconnaissance drill holes at the Plutus target have confirmed porphyry-style mineralization, with results indicating potential for further mineralization at depth [14] - Assay results from the Plutus program include 39.70 metres at 0.31 g/t AuEq and 74.55 metres at 0.60 g/t AuEq [14][13] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration, with projects located in established mining camps in Colombia [15][16] - The company aims to expand its flagship project, Guayabales, and explore newly generated targets including the Tower and X zones [16]

Core Viewpoint - The company has achieved significant drilling results at the Apollo system in Colombia, indicating high-grade mineralization and potential for further exploration and expansion in 2025 [1][6]. Drilling Results - Drill hole APC104-D1 intercepted 534.40 metres at 2.70 g/t gold equivalent, including 150.55 metres at 6.16 g/t gold equivalent, with the highest grade accumulation recorded at 1,440 g/t gold equivalent [2][3]. - The grade accumulation in APC104-D1 is 38% higher than the average of previous intercepts over 1,000 g/t gold equivalent [2]. Exploration Program - The company is initiating a large drilling program aimed at delineating and extending high-grade subzones at Apollo, with ongoing drilling at the Ramp Zone expected to yield results in early Q1 2025 [3][4][6]. - The 2025 drilling program will utilize up to five rigs to expand the Apollo system, which currently measures 600 metres in strike, 400 metres in width, and extends over 1,150 metres below the surface [6]. Geological Context - The Ramp Zone discovery is significant as it shares geological characteristics with nearby multi-million-ounce deposits, indicating potential for substantial mineral resources [4][6]. - The Apollo system's mineralization begins at the surface and remains open in all directions, suggesting further exploration opportunities [6]. Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Colombia, with the Apollo system being its flagship project [15][16]. - The company has a strong management team with a history of successful mining ventures, including the sale of Continental Gold Inc. for approximately $2 billion [15].

TORONTO, Dec. 16, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") 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 ...

Accessibility StatementSkip Navigation Approximately 101,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 67,000 metres at Apollo. There are currently 25 drill holes awaiting assaying with results for the majority of these holes expected prior to year-end 2024. Ari Sussman, Executive Chairman commented: "Apollo continues to expand and deliver excellent results. Drill hole APC100-D1 confirms that the small surface outcrops and shallowly drilled fingers of poorly ...