Collective extends Colombia’s Apollo on 15-g/t gold hit
Collective Mining extended its Apollo system in Colombia, with initial resource expected to be issued this month.
Collective Mining has expanded its Apollo system in Colombia by 100 meters north after discovering a new mineralized breccia body during drilling. The two directional drill holes, APC172-D1 and APC172-D2, unexpectedly encountered the high-grade mineralization at depths of 924 meters. Drill hole APC172-D2 delivered a particularly exceptional high-grade interval at approximately 1,000 meters below surface, extending the system northward and vertically.
Executive Chairman Ari Sussman expressed strong potential to continue expanding this part of Apollo. The new northern breccia body is encouraging due to its sizable step-out distance, strong grades, and mineralization remaining open in several directions. Collective expects to issue its initial resource for Apollo soon, with shares gaining 3% to C$21.41 apiece in Toronto.
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