Collective Mining Announces the Initiation of Drilling at the Box…

Collective Mining Channel Samples 45.52 g/t gold and 27 g/t silver along 37.5 Metres in Underground Development at the Guayabales Project, Colombia  

Toronto, Ontario, July 12, 2021 – Collective Mining Ltd. (TSXV: CNL) (“集体”或“公司”)很高兴提供其位于卡尔达斯瓜亚巴莱斯项目的勘探更新, Colombia. The project is situated contiguous, immediately along strike and to the northwest of Aris Gold’s Marmato gold mine, which contains proven and probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). 该公司认为,瓜亚贝尔斯项目中遇到的大量贵金属矿化与项目公寓内的一系列铜-金斑岩侵入有关,这可能是马尔马托金矿的矿物赋存的部分原因. 

Highlights (Table 1 and Figures 1-3)

该公司在瓜亚巴莱斯项目的甜甜圈目标(“甜甜圈”)的最初渠道取样活动已经从一个浅地下隧道中返回了高品质的金银化验结果. 对该隧道进行测绘,发现了一个由细脉组成的金铜斑岩网状结构,该网状结构具有叠印多金属脉系. Additionally, 本文公布的通道采样结果勾勒出的矿化带具有良好的品位连续性,结果如下:

Table 1: Channel Sampling Results*

进一步的河道取样工作正在进行中,以覆盖地下工作的所有地区,目标仍然对北方开放, north-west, east and at depth. The Company is planning to drill test the Donut target beginning in late August 2021.

“We are off to a very exciting start at the Guayabales project. 稳健连续的高等级通道采样结果验证了我们的地质模型的性质.  We look forward to initiating a first-ever drill program at the Donut target,” commented Ari Sussman, Executive Chairman.

Geological Description of the Donut Target

Donut目标位于一个主要的西北走向的构造走廊的东南部分,拥有一系列矿化露头的铜-金-钼斑岩侵入体. 地下浅层巷道暴露出大面积的斑岩脉带,含黄铜矿等多种铜硫化物, 辉铜矿和少量斑铜矿,偶见辉钼矿和丰富的黄铁矿. 这个区域延伸超过一公里到奥林匹斯目标,在那里金银(贱金属)矿脉系统广泛.

甜甜圈显示从绢云母绿泥石到内部强烈的钾化蚀变带(次生黑云母和少量磁铁矿),并伴有丰富的斑岩型b脉. This porphyry body is enveloped by a large scale (+1.5 km) and continuous anomalous zone of in-situ and coincidental gold, copper and molybdenum soil anomalism. 细纹和网纹系统叠印显示明显的Au-Ag(贱金属)协会. Historical artisanal mining has targeted both porphyry and vein/stockwork systems.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading是国家仪器43-101(“NI 43-101”)意义下的本新闻稿的指定合格人员,并已审核并验证了本文所包含的技术信息是准确的,并批准书面披露. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

岩石样品已在麦德林的Actlabs实验室设施中制备和分析, Colombia and Toronto, Canada. Blanks, duplicates, 并在样品流中插入经认证的参考标准来监测实验室的表现. 粉碎废品和浆料保存和储存在一个安全的存储设施,以供将来的化验验证. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective是一家勘探和开发公司,专注于在南美确定和亚美am8官网下载有前景的黄金项目. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,占地780公顷的圣安东尼奥项目位于哥伦比亚卡尔达斯省一个历史悠久的金矿区. With recent geophysical and LIDAR surveys completed, an initial 5,000米钻孔计划正在进行中,初步化验结果预计在第三季度得出, 2021. The 3,占地333公顷的Guayabales项目也位于矿业友好的哥伦比亚卡尔达斯省. Guayabales项目目前正在进行大规模的地面勘探,预计将于2021年8月底开始首次钻探.

Contact Information

Collective Mining Ltd. 

Paul Begin, Chief Financial Officer 

Tel. (416) 451-2727 

FORWARD-LOOKING STATEMENTS  

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. 这些声明反映了管理层目前的信念,并基于管理层目前可获得的信息.   

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, 业绩或成就与前瞻性陈述中讨论或暗示的结果有重大差异. 应仔细考虑这些因素,读者不应过分依赖前瞻性的陈述. 尽管本新闻稿中所载的前瞻性陈述是基于管理层认为合理的假设, Collective不能向读者保证实际结果将与这些前瞻性声明一致. These forward-looking statements are made as of the date of this news release, 和Collective不承担更新或修改它们以反映新的事件或情况的义务, except as required by law. 

多伦多证券交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任.  

Figure 1: Plan View of the Guayabales Project and the Donut Target

图2:甜甜圈矿平面图,显示通道取样化验结果的等级范围

图3:地下巷道斑岩型靶矿化,铜矿化丰富,呈辉铜矿加黄铁矿.

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