- Collective Mining (CNL, Financial) announces significant intercept from Apollo system at Guayabales project.
- 397.50 metres at 2.62 g/t gold equivalent, commencing from surface in drill hole APC-122.
- Fully funded 70,000-metre drilling program underway with nine rigs operating.
Collective Mining (CNL) has reported impressive drill results from its Apollo system located at the Guayabales project in Caldas, Colombia. The company highlighted a remarkable intercept of 397.50 metres at 2.62 g/t gold equivalent starting from the surface in drill hole APC-122. This intercept includes significant mineralization of gold, silver, copper, and tungsten, with a grade accumulation of 1,041 gram-metres.
The company is aggressively pursuing its fully funded 70,000-metre drill program for 2025, currently operating nine drill rigs. The Apollo system exhibits strong mineralization extending over 1,200 vertical metres, which remains open at depth. Two additional deep capacity rigs are being mobilized to explore further, with the first projected to begin operations by early August 2025.
To date, approximately 129,500 metres of diamond drilling have been completed at the Guayabales project, including 91,000 metres focused on the Apollo system. Currently, twenty-five drill holes are awaiting assay results, which are anticipated in the near term.
Executive Chairman Ari Sussman commented on the ongoing efforts, emphasizing the continued interception of impressive mineralization starting from the surface and extending over significant vertical depth. Future plans include utilizing deep penetrating rigs to expand the high-grade Ramp Zone at the bottom of Apollo, and exploratory drilling of Apollo look-alike gravity anomalies located within close proximity.
