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In other recent news, Collective Mining Ltd. has released notable assay results from its ongoing drilling program at the Apollo system within the Guayabales Project in Caldas, Colombia. The findings from four directional diamond drill holes have expanded the Apollo system southwest and confirmed the presence of high-grade, porphyry-related carbonate base metal (CBM) vein zones at depths surpassing 1,000 meters. The company's fully funded 40,000-meter drill program for 2024, involving five diamond drill rigs, continues to progress.
Executive Chairman Ari Sussman has called these results a significant milestone in understanding the continuity and grade of the Apollo system at depth. Notably, hole APC99-D4 yielded 401.80 meters at 1.06 grams per ton (g/t) gold equivalent, including several high-grade CBM zones. Meanwhile, hole APC99-D2 reported 258.30 meters at 1.56 g/t gold equivalent, also with high-grade CBM zones. These findings contribute to the expansion of the internal block model and the understanding of the Apollo system's potential.
The technical information in the press release has been reviewed and approved by David J. Reading, a Qualified Person under NI 43-101. The assay results were processed at ALS laboratory facilities in Medellin, Colombia, and Lima, Peru, following a rigorous QA/QC program. These are recent developments in Collective Mining's operations.
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