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The Colombian Guayabales project is anchored by the Apollo system, a high-grade copper-silver-gold-tungsten resource.

Expansion plans include additional drilling in the Ramp Zone and surrounding areas, with assay results expected later this year.

Collective Mining plans to launch deeper drilling upon completion of the pending assays for the remaining two holes.

The tests confirm earlier gold recovery data released in 2023 and show improvements in metal recoveries from the copper-poor mineralization.

In 2023, Collective Mining significantly increased its social investments, contributing over $280,000 independently and $822,944 in partnership with strategic collaborators.

The Trap discovery is expected to complement the primary Apollo system 3.5km away.

"We are excited to use the results to refine planned future drilling at the Plutus target," said Ari Sussman, executive chairman.

"...and I say it once and for all, in projects of law that generate FORCED INVESTMENT in the private financial system of Colombia" - President Gustavo Petro

Analysis shows values up to 12.02 g/t gold equivalent (11.06 g/t gold, 106 g/t silver and 0.02% copper).

Collective expects its common shares to commence trading on the NYSE American in Q3 2024.