Collective Mining Releases Initial Drill Results from Plutus Porphyry System in Colombia

Collective Mining Ltd. (NYSE: CNL, TSX: CNL) has reported results from early-phase drilling at the Plutus Target, part of its Guayabales Project in Caldas, Colombia. The drilling program, which spans 40,000 meters across five rigs, includes radial tests at Plutus to delineate the porphyry system’s mineralized zones. Notably, initial results highlight gold-copper intersections from surface, with indications of a potentially richer core to the north and at greater depths.

Core Photo Highlights of Mineralization in PSC-1, PSC-2 and PSC-3

Key results from the initial holes include:

• PSC-1: 328.05 meters at 0.31 g/t gold equivalent (AuEq) from surface
• PSC-2: 199.60 meters at 0.33 g/t AuEq from surface, including 38.45 meters at 0.60 g/t AuEq from 21.00 meters
• PSC-3: 275.05 meters at 0.30 g/t AuEq from 33.95 meters, including 20.50 meters at 0.57 g/t AuEq from 40.85 meters
• PSC-4: 131.55 meters at 0.67 g/t AuEq from 46.70 meters, including 36.75 meters at 1.05 g/t AuEq from 84.35 meters

The company’s early geological models suggest a higher-grade mineralization zone northwest of the current drill area. Collective Mining plans to launch deeper drilling upon completion of the pending assays for the remaining two holes.

Plutus, located east of the Apollo system, spans roughly 1,000 by 750 meters and is defined by copper, gold, and molybdenum soil anomalies. The recent findings are part of Collective’s ongoing strategy to expand its portfolio of high-grade systems within the Guayabales Project, which includes the flagship Apollo system known for its significant porphyry potential.

For full details, visit Collective Mining’s website.

Plan View of the Guayabales Project Highlighting the Plutus Target Area

Headline image: Plan View of the Plutus Target Highlighting Drill Results Announced in This Release and its Proximity to the Marmato Mining Complex