Collective Mining Announces a New Greenfield Silver Discovery at the X Target by Intercepting 12.85 Metres at 503 g/t Silver Equivalent
Executive Summary
- Collective Mining announced a high‑grade greenfield silver discovery at the X target, highlighted by 12.85 m @ 503 g/t AgEq (1.82 g/t Au, 361 g/t Ag).
- Infill drilling at the Apollo system returned multiple intervals exceeding 2 g/t AuEq over lengths up to 150 m, confirming the internal block model and expanding known high‑grade zones.
- Additional moderate‑grade gold‑equivalent intercepts were reported from the ME target, and the company continues a fully funded 70,000 m 2025 drill program across Guayabales and San Antonio projects.
Key Details
- X Target – Maiden Holes
- Hole XTC‑1: 12.85 m @ 503 g/t AgEq (1.82 g/t Au, 361 g/t Ag) from 121.10 m depth; 5.80 m @ 123 g/t AgEq; 2.15 m @ 246 g/t AgEq; 18.65 m @ 122 g/t AgEq (incl. 2.30 m @ 402 g/t).
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Hole XTC‑2 (oblique): multiple short intervals ranging from 1.10 m to 2.40 m with grades between 140–503 g/t AgEq.
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Apollo System – Infill Results (selected highlights)
- APC‑123: 138.95 m @ 2.42 g/t AuEq (incl. 27.40 m @ 4.11 g/t).
- APC‑128: 180.35 m @ 1.78 g/t AuEq (incl. 21.35 m @ 2.38 g/t, 24.60 m @ 3.11 g/t).
- APC‑130: 144.80 m @ 2.08 g/t AuEq (incl. 23.55 m @ 4.23 g/t).
- APC‑133: 150.10 m @ 2.23 g/t AuEq (incl. 17.35 m @ 4.17 g/t, 48.70 m @ 4.24 g/t).
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APC‑137: 142.40 m @ 2.69 g/t AuEq (incl. 45.80 m @ 4.16 g/t).
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ME Target – Moderate‑Grade Veins
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MEC‑4: 1.70 m @ 5.78 g/t AuEq (76.70–78.40 m); 0.70 m @ 6.17 g/t AuEq (222.80–223.50 m); 6.70 m @ 6.03 g/t AuEq (241.60–248.30 m); 1.85 m @ 5.58 g/t AuEq (306.90–308.75 m).
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Drilling Activity
- Total 134,500 m of diamond drilling completed at Guayabales to date; 94,500 m at Apollo.
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Eleven drill rigs operating in 2025: eight on Guayabales, three on San Antonio, supporting a fully funded 70,000 m program.
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Future Plans
- Follow‑up drilling planned at X target to test northeast trend indicated by soil anomalies.
- Directional drilling to commence on deep “Ramp” zone after mother holes are completed.
Notable Quotes
“We are extremely excited about the new discovery at X… the silver‑rich vein system is open in all directions and appears to be a large sheeted system,” – Ari Sussman, Executive Chairman.