Collective Mining - Executive Chairman, Ari Sussman.
Executive Chairman, Ari Sussman.
Source: 121 Mining Investment TV.
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  • Collective Mining (CNL) has identified high-grade gold and silver in channel samples from the Guayabales Project in Colombia
  • Standout results from the southern portion of the Box Target include 142.7 g/t silver and 3 g/t gold over 8 m
  • Results from the northern portion of the Box Target include seven values over 1 g/t gold
  • Collective Mining is focused on identifying and exploring prospective gold projects in South America
  • Collective Mining (CNL) is down by 1.37 per cent and is currently trading at $3.60 per share

Collective Mining (CNL) has identified high-grade gold and silver in channel samples from the Guayabales Project in Colombia.

The company’s channel and rock sampling at the project’s Box Target returned promising gold and silver assays from both vein and porphyry mineralized systems. Surface mapping has demonstrated the presence of two mineralized systems along a stream traversing horizontally over 600 m.

Gold and silver mineralization in the southern portion of the Box Target is associated with anomalous lead and antimony in the sericite and chlorite-altered porphyry and is related to extensive pyrite and quartz veining. Channel sampling returned the following intercepts:


Channel

Interval (m)

g/t Silver

g/t Gold
CH_1190.975.8
CH_2281.561.0
CH_3202.4100.9
CH_4102.679.2
CH_583.0142.7

Rock samples from the northern portion of the Box Target returned seven values above 1 g/t gold (14.8 g/t, 9.6 g/t, 5.1 g/t, 5.0 g/t, 2.3 g/t, 2.2 g/t and 1.6 g/t) with fifty per cent of the total samples anomalous in gold. All samples are located within an anomalous Au, Mo and Ag soil area covering 400 m in diameter.

Further follow-up work is in progress including detailed soil and rock sampling. An induced polarization survey will cover the Box Target and other zones with porphyry potential in the near future.

Ari Sussman, Collective Mining’s Executive Chairman, commented,

“The Box discovery demonstrates the excellent potential of the Guayabales Project, which now hosts at least three mineralized porphyry bodies, gold-bearing breccia and multiple zones of high-grade gold and silver veins. Our exploration continues to discover new mineralized zones and our reconnaissance work to date has only covered about fifty per cent of the concession. The future looks bright for Collective and we are planning a lot of target drill testing in the near future.”

Collective Mining is focused on identifying and exploring prospective gold projects in South America.

Collective Mining (CNL) is down by 1.37 per cent and is currently trading at $3.60 per share as of 9:54 am ET.

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