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Collective Mining ( (TSE:CNL) ) has shared an update.
Collective Mining announced promising assay results from its ongoing drilling program at the Apollo system, part of the Guayabales Project in Colombia. The results include high-grade mineralization of gold, silver, copper, and tungsten, with significant intercepts such as 442.35 metres at 2.16 g/t gold equivalent. The company is advancing its exploration efforts with ten drill rigs in operation and aims to expand the mineralization zones and discover new high-grade sub-zones. These developments are expected to enhance the company’s resource model and potentially increase its market positioning.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Collective Mining stock, see the TSE:CNL Stock Forecast page.
More about Collective Mining
Collective Mining Ltd. operates in the mining industry, focusing on the exploration and development of gold, silver, copper, and tungsten deposits. The company is primarily engaged in its multi-target Guayabales Project in Caldas, Colombia, with a significant focus on the Apollo system.
YTD Price Performance: 116.75%
Average Trading Volume: 156,419
Technical Sentiment Signal: Buy
Current Market Cap: C$1.12B
For an in-depth examination of CNL stock, go to TipRanks’ Overview page.