TORONTO, June 19, 2024 /CNW/ – Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) (FSE: GG1) (“Collective” or the “Company”) is pleased to announce that a comprehensive airborne geophysical survey covering the Company’s Guayabales Project in Caldas, Colombia will commence in the coming days. The Company is fully funded for its 2024 budget with US$23.6 million in its treasury as of May 16, 2024.
Additionally, a sixth drill rig is being mobilized to the Guayabales Project as part of its fully funded 40,000 metres drill program for 2024. Drill rigs are currently operating at the Apollo, Box, Olympus and Trap targets with the sixth rig to commence drilling for the first time at the grassroot generated X target located in the southern portion of the project area. Drill cores from multiple holes are currently being assayed at ALS Laboratory in Lima, Peru with results expected in short order.
Ari Sussman, Executive Chairman commented: “The…
