It has now been drilled over 1.1 km vertically and remains open.
Long mineralization intervals, next to Aris Mining’s multi-million ounce Marmato Mine which is currently in construction.
Latest drilling confirms two high-grade discoveries: the Ramp Zone at depth, returning 8.18 g/t AuEq over 57.6m, and Subzones intersecting 150.55m @ 6.16 g/t AuEq within 534.40m @ 2.70 g/t AuEq.
The Guyabales Project is a cluster of intrusions consisting of a series of targets within an area measuring 4 kilometres x 5 kilometres.
Drilling Underway (Multiple Rigs)
Initial Discovery Announced: June 22, 2022
The Guayabales Project is anchored by the “Apollo System” discovery, which is the Company’s most important discovery to date. Although the discovery hole into the intrusion related system was only announced in June 2022, the system has already been drill-tested over a large area 600x400x1150 metres, which remains open in all directions for expansion.
The Apollo intrusion related system is best characterized as a high-grade and bulk tonnage gold-silver-copper-tungsten system, which owes its remarkable mineral endowment to an older phase of gold-silver-copper-tungsten intrusion related mineralization being overprinted by late-stage, precious metal rich carbonate base metal veins systems (low and intermediate sulphidation) within a magmatic hydrothermal intermineral breccia body. At depth the deposit transitions to a reduced intrusion system with very similar mineralogy to Marmato Mine, a multi-million ounce project.
Significant drilling intercepts include 150.55m @ 6.16 g/t AuEq within 534.40m @ 2.70 g/t AuEq (APC104-D1).
Drilling Underway
Initial Discovery Announced: October 2024
The Apollo Ramp Zone is interpreted to be the first intercept into a major new high-grade gold system at depth and can be classified as a partially reduced intrusion related Au-Ag-Cu system. Although the Ramp Zone begins at or near 1,000 metres below surface, the discovery hole is in close proximity to a conceptual underground access tunnel connecting Apollo to mining related infrastructure in a potential future development scenario for the project. It also commences at the same elevation as the top of the Marmato Deeps deposit.
Significant drilling intercepts include 57.65m @ 8.18 g/t AuEq including 18.85m @ 20.21 g/t AuEq (APC99-D5) and 15.60m @ 20.34 g/t AuEq (APC88-D1).
Drilling Underway
Initial Discovery Announced: January 2024
Trap is a precious metal system hosted in an early quartz diorite body, which is overprinted by at least two styles of late-stage porphyry related sheeted carbonate base metal (“CBM”) veinlets. The mineralized system, which approaches surface in the northern most drilled point to date, is oriented in a west-northwest direction, plunging to the southeast, and is dipping to the northeast at a steep angle. To date, multiple mineralized zones have been discovered over an area of 300x600x915 metres. Trap is located approximately 3.5 kilometres along the molybdenum soil trend to the northeast of the Apollo system. System remains open at depth and to the north.
Significant drilling intercepts include 40.85m @ 3.76 g/t AuEq (TRC-11) and 30m @ 4.96 g/t AuEq (TRC-14).
The Company specializes in generating grassroots targets through specialized exploration programs. Since the mid-2021, numerous targets have been generated at the Guayabales project resulting in multiple significant drilling discoveries being made to date.
Tower:
Drilling in Q1 2025
X:
Drilling in Q2 2025
Carlos David Ríos.Carlos David Ríos has over 15 years of experience in Exploration and Mining Industry in Colombia and LATAM region. Prior to Collective Mining, he served as Exploration Manager in Touchstone Gold in Colombia, Exploration Manager in Zijin – Continental Gold; Geology Manager of Cemex LATAM Holdings, Specialist Modelling and Resources Estimation Specialist in Cerro Matoso.
Mr. Ríos has a degree in Geological Engineer from the National University of Colombia and a postgraduate degree in geostatistical estimation of mineral deposits from the University of Alberta in Canada.
Jasper Bertisen.Jasper is a seasoned leader in the mining industry with a proven track record of successfully driving strategic initiatives. He has spent the majority of his career in mining private equity with Resource Capital Funds, overseeing due diligence and strategy execution for investments spanning development-stage to producing assets across various commodities and global markets. With extensive governance experience, Jasper has served on the boards of both private and public mining companies, as well as on the advisory boards of several mining technology companies. He is also an Adjunct Professor at the Colorado School of Mines and holds M.Sc. degrees in Mining Engineering and Mineral Economics..
Angela María Orozco Gómez.Angela María is a seasoned executive with over 30 years of government and international experience. Most recently, Angela María was the Minister of Transport and Infrastructure, Colombia where she led various initiatives that secured public and private investments in the transportation and infrastructure industries. She has also been a partner in various private ventures that helped to represent industries in international trade disputes.
María Constanza García Botero, MA.Maria Constanza has extensive experience in Colombian mining, infrastructure, energy, urban development and public finance. Over her career, Maria has held high-level positions within government agencies, multilateral development institutions and private companies. While working within the Colombian government, Maria has served as the President of the Colombian National Mining Agency (ANM), the Deputy Minister of Transport Infrastructure, and held various leadership and advisory positions across the National Planning Department, the Hydrocarbons Agency and the Ministry of Finance of Colombia. As part of the private sector, Maria was the Director of International Cooperation for Agriteam, an international consultancy group funded by the Government of Canada in order to advance governance in extractive industries in Colombia, as well as having held manager positions at CEMEX Colombia, the Inter-American Development Bank and the World Bank (Washington DC) in areas such as infrastructure, housing, urban development, municipal finance, and urbanism. Maria holds outstanding academic credentials as an industrial engineer from Universidad Tecnológica de Pereira, Colombia with masters’ degrees in urban and regional planning, as well as in public administration from Ohio State University (USA), and graduate level degrees in economics and public administration from Universidad de los Andes.
Ashwath Mehra.Mr. Mehra is a seasoned executive with 35 years of global experience in the minerals industry. Mr. Mehra is an economist by training and received his BSc (Econ) in Economics and Philosophy from the London School of Economics. He is the CEO of the ASTOR Group, a private investment and advisory business, working in the fields of mining, technology, biotech and real estate. He spent many years in the commodity trading and mining business as well as owning, buying and selling companies. He is a director of several companies, both public and private in both executive and non-executive roles. He also devotes significant time to non-profit activities in the fields of education and healthcare. Most recently, Mr. Mehra was Executive Chairman of GT Gold, a company he founded and sold to Newmont Corporation generating a significant return to GT Gold shareholders.
Ari SussmanHaving dedicated the majority of his career to the natural resources industry, Ari Sussman currently serves as Executive Chairman of the Board of Collective Mining Ltd. a mineral exploration company focused on acquiring and developing mining projects in Colombia. From 2010 until March of 2020, Mr. Sussman was the Founder, Chief Executive Officer and Director of Continental Gold Inc. Under Mr. Sussman’s leadership, the Company raised almost $1 billion and discovered more than 11 million ounces of high-grade gold and silver at the Buriticá project in Antioquia, Colombia. After completing construction of the mine in early 2020, the Company was sold to Zijin Mining, one of the world’s largest diversified mining companies, for total consideration of approximately C$2 billion. Today, the world-class Buriticá mine is the most modern and largest operating gold mine in Colombia with annual production of more than 250,000 ounces of gold. Mr. Sussman was born and raised in Toronto, Canada and is married with three children.
Paul Murphy, B.Comm, CA.Paul Murphy was a Partner of PricewaterhouseCoopers LLP from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career, Mr. Murphy has worked primarily in the resource sector, with a client list that includes major international oil and gas, and mining companies. His professional experience includes financial reporting controls, operational effectiveness, International Financial Reporting Standards (IFRS), and SEC reporting issues, financing, valuation, and taxation as they pertain to the mining sector. He was previously a Director of Continental Gold until its acquisition in March 2020, Chief Financial Officer and Executive Vice President of Guyana Goldfields from 2010 to 2018, and Chief Financial Officer of Guyana Precious Metals from 2012 to 2018. Mr. Murphy obtained a Bachelor of Commerce degree from Queen’s University and his Chartered Accountant designation in 1975.
Paul BeginMr. Begin was Chief Financial Officer of Continental Gold from May 2011 to March 2020, prior to which he served as Chief Financial Officer and Corporate Secretary for Hanfeng Evergreen Inc., a developer and producer of value-added fertilizers in China and Southeast Asia (from 2009 until 2011), and Vice President and Chief Financial Officer of Trilliant Incorporated (formerly OZZ Corporation), a network solutions provider from 2004 until 2009. Prior to that, Mr. Begin served as Corporate Controller at MDC Partners Inc., a Canadian-based marketing communications and secure transactions company. Mr. Begin obtained his Chartered Accountant designation with BDO Dunwoody, LLP. Mr. Begin holds a Bachelor of Arts (Honours) degree in Political Science from the University of Western Ontario and a master’s degree in Business Administration from the University of Toronto.
Omar OssmaOmar Ossma has over 15 years of experience in the Mining and Energy Industry in Colombia, and over 20 years of experience in Colombian corporate, environmental, mining and energy law. He has focused most of his professional career and experience into structuring mining and energy projects in Colombia. As former Legal Vice President for Continental Gold he was instrumental in the Company´s strategy towards licensing, building, and putting in operation the Buriticá Project, the largest gold mine in Colombia, which was finally sold to Zijin Mining Group. Prior to Continental Gold, he served as Legal Vice-President of Minas Paz Del Rio, S.A., a wholly owned subsidiary of the Brazilian industrial conglomerate Votorantim Group, and Legal Manager of Eco Oro Minerals Corp. Mr. Ossma has held senior positions as a lawyer in a number of mining and energy sector companies, including Empresa de Energía de Bogotá, a state owned company focussed on electricity and gas transportation in Central and South América, and Spaniard public utilities conglomerate Endesa Group (Emgesa S.A. Esp. – Codensa S.A. Esp). He holds a law degree from Universidad Externado de Colombia.
Rodolfo Higuera.Rodolfo Higuera has more than 10 years of experience in the Mining Industry. His professional career has focused on sustainability, social and environmental processes. He participated in the licensing process, construction and start-up of the operation of the Buriticá Project of Zijin – Continental Gold. Previously he was supporting different projects such as the Eco Oro Minerals Corp project (as advisor to the IFC advisor), PazdelRío Mines Project – Votorantim Metais and mining and industrial operation of Acerías Paz del Río; participating and leading social, environmental and mining formalization processes. Mr. Higuera is a sociologist from Universidad Nacional de Colombia, with postgraduate studies in Sustainability and Social Responsibility from Universidad de Los Andes.
Maria Juliana Ospina.Former Director of the Steel Industry Chamber of the National Business Association of Colombia (ANDI) with an extensive background in both government relations and marketing.
Maria Juliana is a business administrator with postgraduate studies in strategic marketing. She has more than 20 years of professional experience, with a broad mix of public and private sector experience, and 10 years of background in industry promotion, both from the Government side (in the Ministry of Industry and Commerce) and from the Private Sector (ANDI – the biggest and most important commerce and industry association in Colombia).
Richard Tosdal, MSc., PhD.Dr. Richard Tosdal is a world renowned specialist in mineralized porphyry deposits. Richard holds an M.Sc. from Queens University in Kingston, Ontario and a Ph.D from the University of California. He has over 45 years experience in the minerals industry and academic research that includes being a consultant for a variety of mining and exploration companies, a research scientist at the US Geological Survey and a director of the Mineral Deposit Research Unit (MDRU).
David Reading, MSc. Economic GeologyMr Reading has over 40 years of expertise in the global gold mining and base metal industries within the fields of exploration, feasibility, project development and mining. He was Special advisor to Continental Gold up until the Zijin sale, the former CEO of European Goldfields and previously head of exploration for Randgold Resources. Over the last ten years he has consulted to various Toronto and London based mining groups with assets in the Americas and the rest of the world. Mr Reading has an MSc in Economic Geology and is a fellow of the Institute of Materials, Minerals and Mining (IOM3) and the Society of Economic Geologists (SEG).
