(Kitco News) - Collective Mining (TSXV: CNL; OTCQX: CNLMF) is advancing its Colombian portfolio with updated exploration results, including a new silver discovery and growing porphyry potential.
Chairman Ari Sussman told Kitco Mining’s Investment Trends that the company’s strategy is designed to uncover multiple large-scale deposits along a highly prospective belt. “This is a greenfield discovery. Never been any exploration at Target X, and we’re really happy with what we found,” Sussman said, referring to drilling at the Guayabales project that cut 12.85 meters grading 503 grams per tonne silver equivalent. A rig is already mobilizing for follow-up drilling in October.
Sussman explained that porphyry potential is becoming clearer at San Antonio, “We’ve got three holes into a large three-by-three-kilometer alteration zone, now being tested with three rigs.” The company is also moving its flagship Apollo deposit forward, targeting permitting by 2027 and first gold by 2030.
In early October and following the interview, Collective announced results to continue to expand Apollo. They reported a 200-metre strike extension at the Ramp Zone, including 50.50 meters grading 5.66 g/t gold and 13 g/t silver, and 70 meters grading 2.00 g/t gold and 5 g/t silver. The zone has been traced across 275 metres of strike and 200 metres vertically, with mineralization open in all directions. Two deep-capacity rigs are drilling to extend it further as part of a fully funded 70,000-metre program for 2025.
On funding, Sussman discussed that Collective has “got the balance sheet to execute,” its programs, adding that the treasury is positioned to support drilling, studies, and permitting without relying heavily on the market. He also pointed to the team’s proven track record as a key differentiator, “We built Buriticá and sold it to Zijin for $2 billion,” adding, “We think we’ve got a once-in-a-lifetime opportunity here.” Collective’s goal is to ultimately build a district-scale portfolio that could deliver over one million ounces annually by 2032.
Sussman emphasized that the current market provides a supportive backdrop. “I think the best is yet to come for precious metals,” he said, noting how higher prices are expanding capital access for quality explorers.
Watch on the Kitco Mining YouTube channel here: Catch the full, unedited conversation where Ari Sussman outlines Collective Mining’s silver and porphyry discoveries, Apollo’s development timeline, and how the company plans to scale across Colombia.
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