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Highlights:
- Collective Mining discovers the Ramp Zone, a new high-grade gold area at the Apollo system, enhancing the project’s resource potential.
- The Ramp Zone's significant mineralization is located about 1,000 meters below the surface, close to future mining infrastructure.
- The ongoing drilling program includes five rigs as Collective aims to expand on this exciting discovery.
Collective Mining Ltd. has announced a groundbreaking discovery at its Guayabales Project in Caldas, Colombia, identifying a new high-grade gold zone within the Apollo system. Dubbed the Ramp Zone, this discovery marks the first intercept into a significant high-grade gold system at depth and is characterized as a partially reduced intrusion-related Au-Ag-Cu system.
Ari Sussman, Executive Chairman of Collective Mining, expressed enthusiasm about the implications of this discovery. “The fact that Apollo is now transitioning into a bulk zone of high-grade gold mineralization at depth is extremely exciting and will no doubt add materially to the mineral resource endowment of Apollo,” he stated. The Guayabales Project, along with the adjacent Marmato mine, forms a rich precious metal district that continues to reveal substantial discoveries.
The Ramp Zone begins at approximately 1,000 meters below the surface, and its strategic location near a conceptual underground access tunnel connecting to mining infrastructure adds to its development potential. The Apollo system, which is exposed at the surface, has a vertical extent of about 1,150 meters, leaving considerable room for further expansion.
The highlight of this discovery is encapsulated in drill hole APC99-D5, which was designed to test for continuity and extend the Apollo deposit at depth. This drill hole yielded impressive results, including 517.35 meters at 1.97 grams per tonne (g/t) gold equivalent, with particularly noteworthy intersections such as 57.65 meters at 8.18 g/t gold equivalent—this segment defines the new Ramp Zone.
Collective Mining is currently operating five diamond drill rigs as part of its fully funded 40,000 meters drilling program for 2024. Two rigs are focused on the Apollo system, while two others are drilling at the Trap, with an additional rig mobilizing to the X Target. The company has set ambitious plans for an expanded drilling program to follow up on the exciting Ramp Zone discovery.
The significance of the Ramp Zone is underscored by its depth and mineralization style, which differentiates it from previous discoveries within the Apollo system. With APC99-D5 marking the twelfth and deepest intercept at Apollo, the high-grade nature of this new zone, with a grade accumulation exceeding 1,000 grams x meters, indicates a substantial mineral resource that could contribute significantly to the project’s economic viability.
As Collective Mining advances its drilling program, the excitement surrounding the Ramp Zone discovery is palpable. The results to date not only enhance the company’s growth trajectory but also solidify its reputation in the highly competitive exploration sector. Investors and stakeholders will be closely monitoring the ongoing drilling efforts, as the potential for further discoveries looms large.
In summary, Collective Mining Ltd.'s discovery at the Ramp Zone within the Apollo system not only demonstrates the project’s high-grade potential but also positions the company for continued exploration success. With a robust drilling program and a strategic location, the future looks promising for Collective as it continues to unveil the treasures hidden beneath the Colombian landscape.
