Collective Mining Unveils High-Grade Tungsten Discovery at Apollo System

Collective Mining ( (TSE:CNL) ) just unveiled an announcement.

Collective Mining has announced promising assay results from its shallow drilling program at the Apollo system, part of the Guayabales Project in Colombia. The discovery of high-grade tungsten, alongside copper, gold, and silver, marks the first known hard-rock occurrence of tungsten in Colombia, potentially positioning the country as a critical mineral supplier in the Americas. The company is expanding its drilling efforts to further explore and define the Apollo system, with plans to enhance the grade profile and size of the mineralization. This strategic move is expected to have significant implications for the company’s operations and Colombia’s mineral market, especially given the geopolitical importance of tungsten as a critical metal.

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 mineral resources. The company is primarily engaged in the extraction of gold, silver, copper, and tungsten, with a significant focus on its multi-target Guayabales Project in Caldas, Colombia.

YTD Price Performance: 145.16%

Average Trading Volume: 197,846

Technical Sentiment Signal: Buy

Current Market Cap: C$1.27B

For detailed information about CNL stock, go to TipRanks’ Stock Analysis page.