Collective Mining Ltd. (TSXV: CNL) has intersected a long and continuous interval of gold-silver-copper mineralization in a further two drill holes at the Apollo porphyry system in Colombia.
Apollo is a high-grade, bulk tonnage copper-silver-gold system, which owes its excellent metal endowment to an older copper-silver and gold porphyry system being overprinted by younger precious metal rich, carbonate base metal vein systems (intermediate sulphidation porphyry veins) within a magmatic, hydrothermal inter-mineral breccia body currently measuring 395m x 385m x 915m and open for expansion.
“The first part of our 2023 drilling programme, which was focused on outlining the near surface portion of the Apollo system is nearing completion,” Executive Chairman, Ari Sussman, said.
“The next phase of the programme is already underway and will focus on growth by looking to expand the Apollo system with step-out drilling and by testing satellite targets surrounding Apollo and other targets on the greater Guayabales property.
“The visual observations from APC-53 are very exciting as the Contact Zone hosts an intensity of sheeted CBM veins not observed yet elsewhere at the project. We look forward to continuing drilling this new area as we look to unlock its high-grade potential.”
Highlights
Hole APC-46 was drilled westward from Pad 6 and intersected a long and continuous interval of gold-silver-copper mineralization beginning at surface in oxide mineralization and bottoming in mineralization.
APC-46 extended the strike length of the shallow mineralization to the west with the dimensions now measuring 160m x 130m (previously 150m x 130m).
APC-46 bottomed in mineralization in quartz diorite porphyry with the final 7.1m averaging 0.88g/t AuEq.
Hole APC-44 was drilled to the northwest from Pad 6 and intercepted a long and continuous zone of gold-silver-copper mineralization beginning at surface in oxide material and bottoming in mineralization.
Detailed visual logging of drill hole APC-53, which was drilled to the northeast from Pad 10, indicates that two potentially significant zones of mineralization were encountered along the hole. APC-53 was designed to step-out along the recently announced “Contact Zone” where drill hole APC-42 cut 104.8m from surface at 5.56g/t AuEq.
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