Through the geological mapping of rocks revealed by pad 3 drill access tracks, Collective Mining Ltd. confirms the Main Breccia discovery at the Apollo Target daylights at the surface east and north of the drill pad.
Plan View of the Guayabales Project Highlighting the Apollo Target. Image Credit: Collective Mining Ltd.
APC-14, the recently completed drill hole which was drilled due north from pad 3, bisected the Main Breccia around 50 metres below the northern outcrop. The hole cut over 240 metres of promising mineralization in the Main Breccia. Assay results for drill holes APC-11 through APC-14 are anticipated in the near term.
At the Guayabales project in Caldas, Colombia, there are eight porphyry-related targets that were established by locals. Apollo is one of these targets.
The Apollo Main Breccia discovery is a bulk tonnage, high-grade copper, gold, and silver porphyry-related breccia prospect with previously announced intercepts, such as hole APC-2, which encountered 207.15 metres at 2.68 g/t AuEq, and APC-8, which intersected 265.75 metres at 2.44 g/t AuEq.
Three diamond drill rigs are now operating at the Apollo target as part of its fully financed 20,000+ m drill program for 2022.
Confirmation that the Main Breccia discovery at Apollo extends to surface enhances future possibilities for the project. Additionally, the fact that we see a noticeable increase in chalcopyrite near surface in the southern part of the Main Breccia discovery has our team excited that the porphyry source is nearby and is likely located beneath the robust, yet untested high-grade copper-in-soil anomaly located due south of drill pad 3.
Ari Sussman, Executive Chairman, Collective Mining Ltd.
Sussman added, “As a result, our team is busy planning exploration drill holes to test for the porphyry source with additional details to be provided shortly.”
Geological mapping of a fresh outcrop exposure made by tracks intended to service the drill rig at Pad 3 at Apollo was just finished by the company. This research has verified that the Main Breccia discovery, which the company first announced on June 22nd, 2022, includes exposed mineralized angular breccia at the surface.
APC-14, a freshly finished diamond hole drilled beneath a section of the northern outcrop area, discovered mineralized angular breccia beginning 50 m vertically below the surface. The following findings are:
- North of Pad 3, the surface exploration team has discovered many outcrops with mineralized angular breccia over the past two weeks. According to geological observations, all outcrop regions have mineralized angular breccia with iron oxides and sulfides in the matrix between the clasts and a partial overprint of sericite alteration. 0.6 g/t gold, 18 g/t silver, and 0.1% copper were found in two historical samples taken from a relatively small exposure of breccia outcrop in this region, while 4.1 g/t gold and 29.3 g/t silver were found in the other sample. Assay results are still pending for the recently excavated surface exposures, which have been extensively sampled.
- Visual evidence of an angular breccia with significant chalcopyrite mineralization in disseminations and as a replacement within the breccia matrix was found in the recently finished diamond hole APC-14, drilled to the north from Pad 3 and directly underneath a portion of the northern outcrop area. With a second zone starting at 197 metres and ending at roughly 391 metres downhole, this hole intercepted mineralized breccia from about 84 metres downhole (50 metres vertical) down to 132 metres. Assay results for this and additional holes are expected soon.
- The Apollo target region, as determined thus far by a few surface outcrops, rock samples from CBM veins, and accessible breccia exposures, as well as copper and molybdenum soil geochemistry, is 800 metres × 700 metres. According to recent drill findings, the company's new grassroots Main Breccia discovery is located in this Apollo target region. It measures up to 385 metres in strike length, 100 metres in breadth, and 500 metres vertically. Drill holes will keep expanding and confirming the Main Breccia discovery as it is still open in most directions. Other untested breccia, porphyry, and vein opportunities within the larger area could support Apollo’s future growth.