Collective Mining Boosts Guayabales Exploration

Collective Mining (TSE:CNL) has released an update.

Collective Mining Ltd. is set to expand its exploration capabilities at the Guayabales Project in Colombia by adding a sixth drill rig and starting a comprehensive VTEM/ZTEM geophysical airborne survey. The company is well-prepared financially with a $23.6 million budget for 2024, aiming to uncover conductive sulphide deposits through the survey and refine drilling targets in largely unexplored areas. Results from the new survey are anticipated to guide drilling operations as early as the fourth quarter of 2024.

For further insights into TSE:CNL stock, check out TipRanks’ Stock Analysis page.