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TORONTO - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL), whose stock has surged over 67% year-to-date and maintains a market capitalization of $534 million, has released assay results for two drill holes at its Guayabales Project in Caldas, Colombia, marking significant progress in the exploration of the Ramp Zone within the Apollo system. According to InvestingPro data, the company’s strong momentum has contributed to an impressive 120% return over the past year. The results show the longest and highest-grade intercept to date, with drill hole APC105-D1 yielding 75.80 meters at 8.01 grams per ton (g/t) gold equivalent. Another drill hole, APC103-D3, intersected 20.30 meters at 6.68 g/t gold equivalent.
The findings from APC105-D1 and APC103-D3 have extended the Ramp Zone west and southwest, and the zone remains open for further expansion in all directions. The company has now deployed a third drill rig to continue aggressive exploration from a new pad on the Apollo system’s northeastern side. With a healthy current ratio of 4.36, the company appears well-positioned to fund its exploration activities.
Collective Mining’s 2025 drilling program is fully funded and aims to drill test high-grade sub-zone targets within the top 1,000 vertical meters from the surface, grow the overall dimensions of the system, and test the northern extension potential of Apollo.
The Ramp Zone discovery is characterized by high-grade gold with minor bismuth and tellurium, sharing similarities with the nearby Marmato Deeps deposit. The company’s internal 3D model suggests the potential for Ramp-style mineralization over a large area, not limited to the breccia body at Apollo.
To date, the company has received assay results for six holes drilled into the Ramp Zone from three drill pads, with two additional drill holes completed and assays pending, and two more holes currently in progress. The dimensions of the Ramp Zone are now measured at least 75 meters in strike by up to 480 meters in width by 150 meters vertical.
The technical information in this press release, based on a statement from Collective Mining Ltd., has been reviewed and verified by David J Reading, a Qualified Person as defined by National Instrument 43-101. The company continues to advance its exploration efforts with six drill rigs operating at the Guayabales Project and plans to introduce two more rigs later this year. Trading at a significant premium to book value, investors can access detailed valuation metrics and 12 additional exclusive insights through InvestingPro’s comprehensive analysis platform.
In other recent news, Collective Mining Ltd. announced the appointment of Jasper Bertisen to its Board of Directors. Bertisen brings extensive experience in mining project evaluation, having previously worked in mining private equity at Resource Capital Funds. His background includes serving on various boards and advisory boards for both private and public mining companies, as well as mining technology firms. Additionally, Bertisen has academic experience as an Adjunct Professor at the Colorado School of Mines, holding M.Sc. degrees in Mining Engineering and Mineral Economics. Ari Sussman, Chairman of Collective Mining’s Board, expressed confidence in Bertisen’s strategic guidance, particularly in advancing the company’s Guayabales project. Collective Mining is actively expanding its flagship project, Guayabales, which features the Apollo system known for its significant mineralization. The company plans to continue exploration efforts to grow the Apollo system and explore new targets. Bertisen will be nominated for election at the company’s next Annual General Meeting.
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