TORONTO, Jan. 30, 2024 /CNW/ - Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) (FWB: GG1) ("Collective" or the "Company") is pleased to announce the discovery of a significant new gold system named "Olympus Deeps" at the Company's Guayabales project in Caldas, Colombia. Today's result from Olympus Deeps is interpreted to be the initial intercept into a gold related brecciated porphyry intrusion system located approximately 500 metres to the north of the Company's flagship Apollo porphyry system ("Apollo"). The Olympus target is similar to the multi-million-ounce Marmato mine located 2.5 kilometres to the southeast, which spans more than a vertical kilometre and is characterized by an upper-level sheeted vein system with a porphyry at depth. Assay results for four drill holes are presented herein including the Olympus Deeps discovery hole and two holes at Apollo which cut long intercepts of high-grade mineralization and extend the footprint of the system to the northeast.
Read more at newswire.ca/R E P E A T -- Collective Mining Reports a New Porphyry Discovery Named Olympus Deeps by Drilling 202.35 Metres @ 2.16 g/t AuEq; Also Expands Apollo with 548.9m @ 1.91 g/t AuEq/
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