Collective Mining Ltd. is pleased to announce final assay results from the 2024 drill program at the Trap and Plutus targets. At the Trap Target , drilling has confirmed and expanded the high-grade area northwards within the Trap Main Zone and has discovered a new high-grade vein system in the south of the target area. At the Plutus Target, reconnaissance drilling continued to cut shallow levels of a mineralized porphyry [...]
The hole was successfully drilled orthogonally across the Apollo system to test, for the first time, the potential of newly modelled broad high-grade subzones within the system. Two additional holes to test the newly modelled high-grade subzones have been completed. Both holes intersected the projection of the newly modelled subzones and cut significant sulphide mineralization over broad intervals with assay results [...]
Collective Mining announces with profound sadness, that Mr. Paul Murphy, a valued member of Collective's Board of Directors, passed away. Paul Murphy was a Partner of PricewaterhouseCoopers LLP from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career, Mr. Murphy worked primarily in the resource sector, with a client list that includes major international oil and gas, and [...]
Collective Mining is pleased to announce the discovery of a new silver zone in the northern section of the Apollo system. The Company currently has four drill rigs operating at the Guayabales Project as part of its fully funded and on-schedule, 40,000-meter drilling program for 2024 with three rigs operating at Apollo and one rig at the Trap system. The Company plans on embarking on a fully funded 60,000-meter diamond [...]
Collective Mining is pleased to announce that it has discovered an extension to the Apollo system on the northeastern flank at depth and as a result opens the possibility for major expansion growth along the northern side of the system. The Apollo system is the flagship discovery within the Company's multi-target Guayabales Project. The Company currently has five drill rigs operating as part of its fully funded and [...]
Collective Mining is pleased to announce the closing of its upsized "bought deal" public offering of 8,050,000 common shares of the Company at a price of C$5.00 per Share for aggregate gross proceeds of C$40,250,000, including the exercise in full of the underwriters' over-allotment option. The Public Offering was conducted by a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, and including Clarus [...]
Collective Mining is pleased to announce that, further to its news releases dated October 24 and 25, 2024 announcing a C$35 million "bought deal" public offering of common shares led by BMO Capital Markets on behalf of a syndicate of underwriters, its strategic investor with participation rights in equity financings of the Corporation has exercised such participation rights in connection with the Public Offering. The [...]
Collective Mining Ltd. is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal of common shares to 7,000,000 common shares at a price of C$5.00 for gross proceeds of C$35 million . The company previously entered into an agreement with BMO Capital Markets as sole bookrunner on behalf of a syndicate of underwriters including Clarus Securities Inc. and Scotia [...]
Collective Mining has announced today that it has entered into an agreement with BMO Capital Markets as sole bookrunner on behalf of a syndicate of underwriters including Clarus Securities Inc. and Scotia Capital, among others, pursuant to which the Underwriters have agreed to purchase, on "bought deal" basis, 6,000,000 common shares in the capital of the Company, at a price of C$5.00 per Common Share for gross proceeds [...]
Collective Mining Ltd. is pleased to announce the discovery of a new high-grade gold zone at the Apollo system , located within the Company's Guayabales Project in Caldas, Colombia. This new discovery, which has been named the Ramp Zone, is interpreted to be the first intercept into a major new high-grade gold system at depth and can be classified as a partially reduced intrusion related Au-Ag-Cu system. Although the Ramp [...]
Results Indicate a Higher-Grade Core May Exist to the North and Deeper Collective Mining Ltd. is pleased to announce the assay results for the initial four reconnaissance drill holes designed to outline the mineralized early porphyry phase unit in the southern portion of the Plutus Target . Plutus is one of a series of targets located within the Company's Guayabales Project in Caldas, Colombia. The Company currently has [...]
In the news release, Collective Mining Reports High Recovery Rates for Gold at Apollo Averaging 94.3% From New Variability Metallurgical Test Work, issued 03-Oct-2024 by Collective Mining Ltd. over PR Newswire, we are advised by the company that in table 2 and the following bullet, test recovery rates and Additional Recovery from Cyanidation of Cleaner Tailings rates for silver and gold have changed. The complete [...]