Collective Mining's Cleco Focuses on High-Grade Tungsten Exploration at Guayabales Project

Collective Mining Advances Tungsten Exploration in Colombia’s Guayabales Project

Collective Mining Ltd. is currently focused on a promising multi-hole drill program at its flagship Guayabales Project in Caldas, Colombia. This initiative specifically targets a high-grade, tungsten-rich zone within the Apollo system, which has shown substantial mineralization from surface levels down to depths of over 1,300 vertical meters. The Apollo system is noteworthy not only for its mineral richness—encompassing gold, silver, copper, and tungsten—but also for being Colombia's first hard rock tungsten discovery. Given the current record-high prices for ammonium paratungstate (APT) at $703 per metric tonne, this project is drawing considerable attention from industry stakeholders and regulatory authorities alike, highlighting its significant economic potential.

The initial phases of the drilling program underscore Collective Mining's strategic aim to delineate and enhance the confidence in two tungsten-rich zones within the Apollo system. Preliminary core logging has confirmed the presence of coarse scheelite, a primary tungsten mineral, alongside copper minerals such as chalcopyrite, bornite, and chalcocite. These findings point to an enriched geological environment that could yield lucrative returns as exploration progresses. Furthermore, the ongoing drilling efforts are expected to provide assay results in December, potentially revealing valuable insights into the extent and grade of the mineralization present.

The project is emblematic of Collective Mining's broader commitment to advancing its exploration initiatives amid favorable market conditions for tungsten and associated minerals. The successful identification and extraction of these resources could play a significant role in meeting the growing global demand for tungsten, which is used in various high-tech applications, including electronics and defense. As the company continues to explore and develop its assets, the Guayabales Project stands as a critical component of its long-term growth strategy in the mineral exploration sector.

In addition to the ongoing drilling activities, previous assay results from drill hole APC-31 have shown significant mineralization over a length of 96.95 meters, containing 0.30% WO3 and 2.46 g/t Au, among other valuable metals. These results further affirm the Apollo system's potential as a lucrative mining site. As the exploration progresses, Collective Mining remains poised to capitalize on the favorable conditions in the tungsten market, potentially transforming the Guayabales Project into a cornerstone asset for the company.