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Collective Mining ( (TSE:CNL) ) has issued an update.
Collective Mining Ltd. announced promising assay results from its ongoing shallow 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, which are expected to enhance the company’s resource model and expand the mineralized zone. The arrival of a second large capacity diamond drill rig to test the Ramp Zone signifies a strategic move to further explore and potentially expand the high-grade mineralization at depth, positioning the company for future growth and increased stakeholder value.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$18.00 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 mineral resources. The company is primarily engaged in the extraction of gold, silver, copper, and tungsten, with a significant market focus on its Guayabales Project in Caldas, Colombia.
Average Trading Volume: 161,677
Technical Sentiment Signal: Buy
Current Market Cap: C$1.23B
For detailed information about CNL stock, go to TipRanks’ Stock Analysis page.