Collective Mining Reports High-Grade Gold Intersections at Ramp Zone in Colombia

Collective Mining Ltd. (NYSE: CNL, TSX: CNL) has announced assay results from two drill holes at its Ramp Zone discovery, located within the Apollo system at the Guayabales Project in Caldas, Colombia. The results include 75.80 meters grading 8.01 grams per ton (g/t) gold equivalent in drill hole APC105-D1, marking the longest and highest-grade intercept at Ramp Zone to date on a grade accumulation basis.

Drill hole APC103-D3 intersected 20.30 meters at 6.68 g/t gold equivalent before encountering a post-mineral dyke, which ended the hole prematurely. The company stated that these results expand the Ramp Zone to the west and southwest, with the zone remaining open in all directions for further exploration.

Drilling and Expansion Plans

To date, Collective Mining has received assay results for six drill holes into the Ramp Zone from three drill pads, with two additional drill holes completed and awaiting results. The company is conducting a 60,000-meter drill program in 2025, with six drill rigs operating. Four rigs are active at Apollo, one at the Tower Target, and another at the San Antonio Project. Two additional rigs are expected to be deployed later in the first half of 2025.

Collective Mining has expanded its drilling operations to include a third rig positioned on the northeastern side of Apollo to further delineate the Ramp Zone.

Key Drill Results

APC105-D1: 75.80 meters at 8.01 g/t gold equivalent from 469.60 meters, including 21.00 meters at 24.16 g/t gold equivalent from 487.60 meters.

APC103-D3: 20.30 meters at 6.68 g/t gold equivalent from 247.45 meters, before being terminated due to a post-mineral dyke.

According to Collective Mining, the Ramp Zone currently extends at least 75 meters along strike, 480 meters in width, and 150 meters vertically, with potential for further expansion. The company has developed an initial 3D model suggesting that the Ramp Zone’s mineralization, characterized by gold, silver, bismuth, and tellurium, could extend beyond the Apollo breccia body.

Exploration Strategy

For 2025, the company’s drilling program at Apollo aims to:

• Test newly modeled high-grade sub-zone targets within the top 1,000 vertical meters.
• Expand the overall system dimensions by stepping out along strike and depth in the Ramp Zone.
• Assess the northern extension potential of Apollo at shallower elevations.

Corporate Background

Collective Mining, led by the team that previously developed Continental Gold Inc. before its acquisition by Zijin Mining, holds a 100% interest in two projects within a mining district in Colombia. The company is focused on exploration at the Guayabales and San Antonio projects, with Apollo as its primary target.

Photo credit: Collective Mining.