What's Happening?
Collective Mining Ltd. has announced significant assay results from its ongoing exploration at the Ramp Zone, part of the Apollo system in Caldas, Colombia. The company reported its highest-grade and deepest gold intercept to date, with a drill hole intersecting 58.10 meters at 21.33 grams per tonne (g/t) gold, including a section of 27.00 meters at 43.13 g/t gold. This discovery expands the mineralized envelope of the Ramp Zone to 300 meters along strike, 100 meters in width, and 310 meters vertically, with the zone remaining open in all directions. The Apollo system, a large-scale, multi-target project, is enriched with gold, silver, copper, and tungsten, and is positioned to become a major mining operation in Colombia.
Why It's Important?
This development is crucial
as it underscores the potential of the Apollo system to become a significant mining project, contributing to Colombia's economy and the global supply of critical minerals. The high-grade gold findings could attract further investment and expedite the transition of the Apollo system into a producing mine. This project not only promises economic benefits but also aims to operate in an environmentally sustainable manner, potentially setting a benchmark for future mining operations in the region. The discovery also highlights the strategic importance of Colombia as a mining-friendly jurisdiction with rich mineral resources.
What's Next?
Collective Mining plans to continue its aggressive drilling campaign, with three deep-capacity diamond rigs currently operating and two more expected to arrive soon. The company is fully funded for its 2026 program, which includes up to 100,000 meters of additional drilling. The focus will be on further expanding the Ramp Zone and exploring new targets within the Guayabales Project. The company aims to transform the Apollo system into a producing mine, which could significantly impact the local economy and provide employment opportunities.
