TORONTO, Jan. 18, 2024 /CNW/ – Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to report the discovery of a significant new zone of precious metal mineralization at the Trap target (“Trap”) as part of its Guayabales Project in Caldas, Colombia. Today’s results from two diamond drill holes are interpreted to have intercepted the upper portions of a porphyry system which is overprinted by late-stage carbonate base metal (“CBM”) sheeted vein zones. Trap is located approximately 3.5 kilometres along the molybdenum soil trend to the northeast of the Apollo porphyry system and is now the second major porphyry discovery made at the Guayabales Project.
Highlights (see Table 1 and Figures 1-4)
- Drill hole TRC-2, which was drilled from the northwest to the southeast, has intercepted multiple mineralization styles while displaying excellent continuity over the entire interval as follows:
- 646.0 metres @…
