Collective Mining (TSX: CNL) has released further assay results from an ongoing shallow drill program that is focused on outlining and expanding the near surface zone of mineralization for the Apollo system.
A total of four holes saw assay results released this morning, all of which come from Pad 25. Highlights from the results include:
- APC-132: 1.79 g/t gold equivalent (0.63 g/t gold, 23 g/t silver, 0.46% copper and 0.08% tungsten) over 111.05 metres from a depth of 50.05 metres
- APC-134: 3.01 g/t gold equivalent (0.86 g/t gold, 44 g/t silver, 0.83% copper and 0.14% tungsten) over 183.70 metres from a depth of 37.30 metres
- APC-135: 3.32 g/t gold equivalent (2.39 g/t gold, 17 g/t silver, 0.13% copper and 0.18% tungsten) over 64.80 metres from a depth of 25.70 metres
- APC-136: 7.05 g/t gold equivalent (2.19 g/t gold, 89 g/t silver, 0.92% copper, and 0.73% tungsten) over 37.15 metres from a depth of 118.10 metres
The program targeting the shallowest portion of the Apollo system is said to be nearing completion, with just six holes left to be drilled. The program has reportedly filled multiple gaps within the internal block model, with averaging spacing to be 35 metres from surface with a vertical depth of 150 metres once completed.
The larger drill program meanwhile consists of a total of eleven drill rigs operating as part of a 70,000 metre drill campaign being conducted this year. Eight rigs are currently operating at the Guayabales Project, where the Apollo system is found, while three are operating at the San Antonio project. Assays remain outstanding for 25 holes conducted at Apollo.
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Collective Mining last traded at $14.07 on the TSX.
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