Collective Mining Initiates Drilling at San Antonio Project in Colombia

Collective Mining Ltd. (NYSE: CNL, TSX: CNL) has commenced a drilling program at its San Antonio Project in Caldas, Colombia. The initiative plans for a minimum of 2,500 meters of drilling to assess three identified gold-copper porphyry targets within a 2.5-kilometer mineralized corridor.

Currently, the company operates five drill rigs as part of its 60,000-meter drill program for 2025. Two additional rigs are scheduled to begin operations in late January and February.

In 2021, initial drilling at the Pound target yielded significant mineralization, with holes SAC-08 and SAC-06 intercepting over 700 meters from the surface. Recent mapping and sampling have expanded the surface footprint of the altered system to 650 by 550 meters. The company suggests that prior drilling may have identified the pyrite halo of a copper-gold porphyry system, with stronger mineralization potentially nearby.

New soil anomalies have been identified at the Real and Euro targets, covering surface areas of 400 by 250 meters. The Real target, located 400 meters northwest of Pound, features multiple gold and copper mineralized porphyry clasts within breccia bodies. The Euro target, one kilometer south of Pound, is characterized by coherent soil anomalies for gold, copper, and molybdenum, suggesting the presence of a porphyry system.

Collective Mining holds options to acquire 100% interests in two projects in Caldas, Colombia, including the San Antonio Project and the Guayabales Project, which hosts the Apollo system. The company is listed on both the NYSE and TSX under the trading symbol “CNL.”

Headline image: Collective Mining Ltd’s San Antonio Project. Photo credit: Collective Mining Ltd.