Collective Mining’s Quest for Discovery in Caldas, Colombia

In December 2023, amidst a backdrop of a weakened U.S. dollar and expectations of Federal Reserve rate cuts, gold prices soared to a historic high of $2,135.39 per ounce. As we navigate through 2024, all eyes turn to the Federal Reserve’s interest rate decisions, anticipated to significantly influence gold prices. Gold prices are expected to see a brief decline and then rebound; JP & Morgan anticipates that gold prices will peak at $2,300 an ounce by 2025, which could make this year profitable for investors in the metal.

For those seeking to leverage the promising outlook of the gold market, gold mining stocks offer an enticing avenue. Among them, Collective Mining Ltd. (TSX: CNL) emerges as a standout in the exploration sector with its promising projects in Caldas, Colombia.

Collective Mining was founded by a group that gained notoriety for successfully selling Continental Gold Inc. to Zijin Mining for about $2 billion. The company is notable for its endeavors in a well-established mining camp that has ten fully permitted and operational mines close by.

The centerpiece of Collective Mining’s endeavors is the Guayabales flagship project, centered around the Apollo target—a substantial gold-silver-copper-tungsten porphyry system that extends to the surface. In 2023 alone, the company completed 92 drill holes covering approximately 40,000 meters, with several promising assay results awaiting confirmation.

Among the notable findings are drill holes revealing impressive intercepts, including 519 meters at 2.76 g/t gold equivalent and 503 meters at 2.02 g/t gold equivalent, both commencing from the surface. With ambitious plans for 2024, Collective Mining aims to deploy up to six rigs throughout the year and drill over 40,000 meters.

In addition to expanding the Apollo System, Collective Mining’s focus for 2024 includes exploring early-stage targets along the 4.5-kilometer porphyry corridor at Guayabales. Notably, the recent major discovery at the Trap target further underscores the company’s exploration prowess, with significant mineralization intercepted in two diamond drill holes.

Executive Chairman Ari Sussman’s enthusiasm about the discoveries at Guayabales reflects the company’s aggressive exploration approach. As the company resumes drilling at Trap, investors eagerly anticipate further assay results, expecting a deeper understanding of this significant discovery.

In recent developments, Collective Mining announced the discovery of a significant new gold system named “Olympus Deeps” at the Guayabales project. This discovery, interpreted as the initial intercept into a gold-related brecciated porphyry intrusion system located approximately 500 meters north of the flagship Apollo porphyry system, signifies yet another milestone in the company’s exploration journey.

Furthermore, with the mobilization of a second rig to the Trap target, Collective Mining demonstrates its commitment to capitalizing on strong visual mineralization observed in follow-up drilling. This expansion at Trap, one of a series of porphyry targets within the Guayabales Project, adds another layer of excitement to the company’s exploration activities.

Collective Mining’s strategic investment and positive results from its alliance with SENA, the Colombian Government’s National Learning Service, further solidify its position as a leading player in Colombia’s gold mining landscape. As the company continues to make strides in its exploration efforts and community initiatives, investors remain poised for the next breakthrough in Collective Mining’s journey.”