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Collective Mining ( (TSE:CNL) ) just unveiled an update.
Collective Mining has announced significant assay results from its exploration activities in the newly discovered Ramp Zone within the Apollo system. The drilling has expanded the high-grade gold zone by approximately 50 meters along strike and 150 meters vertically, with substantial gold equivalent grades identified. This discovery shares geological characteristics with the nearby Marmato Deeps deposit, suggesting significant potential for a large high-grade gold system. The ongoing exploration efforts, part of a fully funded drilling program, aim to further delineate the extent of mineralization, with implications for the company’s growth and positioning in the mining sector.
More about Collective Mining
Collective Mining Ltd. operates within the mining industry, focusing on the exploration and development of gold deposits. The company is engaged in the Guayabales Project in Caldas, Colombia, where it is actively conducting a comprehensive drilling program to evaluate the potential of its flagship discovery, the Apollo system.
YTD Price Performance: 21.27%
Average Trading Volume: 11,088
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $409.3M
Find detailed analytics on CNL stock on TipRanks’ Stock Analysis page.
