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Mining Stock Daily
Has Collective Mining Cracked the Code at Apollo with a New Drill Orientation?
Dec 17, 2024
Ari Sussman, a key figure at Collective Mining, dives into the company's groundbreaking drilling results at the Apollo project in Colombia. He reveals a new drilling orientation strategy that has unlocked significant gold grades, marking a major achievement. The discussion also uncovers the geological complexities of the site and the anticipated implications for future exploration. Additionally, Ari sheds light on the changing political landscape in Colombia and its impact on mining regulations, alongside the company's strategic plans for the upcoming year.
17:14
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Quick takeaways
- The innovative shift in drilling orientation at Collective Mining's Apollo project has led to impressive results, highlighting the significance of adapting strategies to geological complexities.
- Colombia's mining regulations present both opportunities and challenges, as a supportive legal framework facilitates operations while potential regulatory changes in sensitive areas may hinder progress.
Deep dives
New Drilling Orientation at Apollo Project
A strategic change in the drilling orientation at Collective Mining's Apollo project has yielded impressive results. The latest drill results revealed 150.5 meters at 6.16 grams per ton gold, showcasing the success of changing the drilling direction from south to north. This new approach allows for more accurate targeting of mineralization, which is essential due to the complex breccia host rock structure that complicates the conventional understanding of vein orientation. The company plans to continue drilling with this new strategy, expecting further discoveries that could significantly enhance their understanding of the mineralized system.
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