Collective mining provides exploration update for…

Collective mining provides exploration update for the san antonio project

Toronto, Ontario, June 3, 2021 – 体育外围网站 Ltd. (TSXV:补偿中子测井) (“Collective” or the “Company”) is pleased to announce that a maiden 5,000 metre drill program is advancing on its 100% owned 圣安东尼奥 project in Caldas, 哥伦比亚. 该程序的目的是初步确定三个目标的近表面几何形状,一旦确定, begin testing the potential for multiple, 隐藏, mineralized porphyry and breccia bodies within an area measuring approximately 2 x 1 kilometres (“km”). 在该区的地表工作中,发现了与蚀变斑岩侵入体相关的金、钼土异常值, porphyry-related stockwork quartz veining, hydrothermal breccias and polymetallic veins.

The 圣安东尼奥 project covers an area of 3,780公顷,位于阿里斯黄金公司的数百万盎司的东北约6公里处, development stage Marmato gold project. 圣安东尼奥 is situated within the Middle Cauca Belt; a +250 km, 南北走向的金带和贱金属带中有多个斑岩和浅成热液矿床,其中包括紫金的数百万盎司金矿, 高品位Buriticá金矿以及La Colosa和Nuevo Chaquiro的Anglogold-Ashanti斑岩矿床.

Assay results from the maiden drilling program are anticipated to be available in early Q4, 2021.

Details (Referenced in Figures 1-4) 

  • Three specific grassroots exploration targets have been outlined by surface mapping, 抽样, 土壤地球化学, geophysical modelling and shallow scout drilling. These are referred to as the Dollar, COP and Pound targets. 
  • Two diamond drill rigs are operating at the project. 到目前为止, 1,857 metres of scout drilling, to define the geometry of the Dollar target, 已经完成.   两个更深的钻孔正在进行中,以测试美元和英镑目标中可能含有金属的部分
  • 圣安东尼奥项目得益于有利的地形,从山峰到各种平坦的山谷,海拔垂直变化约600米. 另外, the topography is not overly steep, 如果在未来发现一个经济矿床,它可以用于多种潜在的基础设施开发方案.
  • 美元的目标是500 x 500米范围内石英闪长斑岩体中石英磁铁矿网状和片状脉状的露头. The vein systems are associated with sericitic alteration. 浅探测钻孔刚刚完成,确定了网纹斑岩的几何形状,并识别出强烈的黄粘土蚀变叠印, probably responsible for partial metal leaching. This accounts for the sporadic gold and molybdenum values encountered in surface outcrops. 目前正在当地一座山峰的高海拔处进行更深层次的钻探,以测试地表垂直下方600米的斑岩系统. This hole is expected to intersect a strong magnetic anomaly outlined by geophysical modelling, interpreted as being part of the potassic metal bearing porphyry centre. 
  • The Pound target, located 1.2 km north of Dollar, 由位于600 x 350米范围内的闪长岩侵入体内的热液角砾岩和多金属脉所定义. 该目标区南缘的露头包括一个覆盖在热液角砾岩体上的先进泥质蚀变岩盖内的浅成热液脉系. These rocks are interpreted to reflect preservation of the shallow levels of the porphyry system.  另外, 一个强环形磁异常(MVI)位于地表以下约600-900米,被解释为位于正上方热液角砾岩的潜在斑岩源. The initial drill hole, currently coring into Pound, will test the potential of both the hydrothermal breccias and the porphyry at depth.
  • COP目标位于Dollar西北偏北400米,定义为高度异常的钼(8ppm至108ppm)和金(最多2个).74 g/t),在650 x 350米范围内,与蚀变闪长斑岩和石英细脉有关. COP目标的地表表达与200-300米深度的地球物理异常一致,其中包括一个正磁异常和IP极化率和电阻率高.  COP has not been tested, other than a single historical borehole drilled just south of the target area, returned an intercept of 99 metres at 0.42克/吨黄金和4.在井下608米深的矿化斑岩石英脉部分侵入的未矿化围岩中,银含量为9克/吨. 在钻孔中遇到的矿化被解释为直接来自北部COP靶区的渗漏.

Qualified Person (QP) and NI 43-101 Disclosure

大卫J. Reading是国家仪器43-101意义下的合格人员,并审查和批准了本新闻稿中的科学和技术信息. 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).

About Collective Mining Ltd.

Collective是一家勘探和开发公司,专注于在南美识别和勘探潜在的黄金项目. Collective currently holds an option to earn up to a 100% interest in two projects located in 哥伦比亚: (i) the 圣安东尼奥 project; and (ii) the Guayabales project. 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的一个历史黄金区. With recent geophysical and LIDAR surveys completed, 最初的5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. 3,333 hectare Guayabales Project is also located in the mining friendly Caldas department of 哥伦比亚. Guayabales项目目前正在进行积极的地面勘探,并将在第四季度进行钻井准备, 2021.

进一步的信息

本新闻稿中关于Collective的所有信息均由双方分别提供, for inclusion herein, 每一方及其董事和高级职员都依赖于另一方获得有关另一方的任何信息. For further information regarding the Qualifying Transaction, please contact: 

体育外围网站 Ltd. 

Paul Begin, Chief Financial Officer 

Telephone: (416) 451-2727 

FORWARD-LOOKING STATEMENTS 

This news release contains certain forward-looking statements, 包括, 但不限于, statements about the maiden drill program, 包括 timing of results, and Collective’s future plans and intentions. 只要有可能, 像“may”这样的词, “会”, “应该”, “可以”, “期望”, “计划”, “意愿”, “预测”, “相信”, “估计”, “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. 这些因素应仔细考虑,读者不应过分依赖前瞻性陈述. 虽然本新闻稿中的前瞻性陈述是基于管理层认为合理的假设, 集体不能向读者保证实际结果将与这些前瞻性陈述一致. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. 

TSXV及其监管服务提供商(该术语在TSXV的政策中定义)均不承担本新闻稿的充分性或准确性的责任.

Figure 1: Plan View of the 圣安东尼奥 Project Outlining Drill Targets

Figure 2: Schematic Cross Section Outlining the Geological Model of the Dollar and Pound Targets

Figure 3: Sheeted Porphyry Veining in Drill Core with Leached Overprint at the Dollar Target

Figure 4: Sulphide-Rich Breccia in Drill Core at the Pound Target