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Collective Mining ( (TSE:CNL) ) has issued an update.
Collective Mining has discovered a high-grade vein system at the ME target within its Guayabales Project, with significant assay results indicating potential for a large mineralized breccia body. A new gravimetric survey has identified seven new gravity anomalies similar to the Apollo system, prompting the company to commence aggressive drilling in these areas. This discovery and survey are pivotal in potentially finding another system like Apollo, enhancing the company’s exploration prospects and positioning within the mining sector.
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. is a company operating in the mining industry, focusing on exploration and development of mineral resources. Its primary project is the Guayabales Project in Caldas, Colombia, which includes multiple targets such as the Apollo system.
YTD Price Performance: 137.27%
Average Trading Volume: 153,909
Technical Sentiment Signal: Buy
Current Market Cap: C$1.23B
For a thorough assessment of CNL stock, go to TipRanks’ Stock Analysis page.