08:41 AM EDT, 04/24/2024 (MT Newswires) -- Collective Mining ( CNLMF ) on Wednesday reported assay results for four holes drilled at the Trap Target, which is part of the Guayabales project located in Caldas, Colombia.

The company has just added a fifth diamond drill rig as part of its 40,000-metre drill program for 2024 with drilling currently taking place at the Trap, Apollo, Olympus and Box (two rigs) targets.

Ari Sussman, executive chairman said in a statement: "By using both down-hole acoustic televiewer and ASD Terraspec technologies, we have been able to confirm a west-northwest trend to the mineralization and that the phyllic alteration flooding the drill core is porphyry-related muscovite... It is still early days for Trap and based on core interpretation, we do not believe that we have found the center of the early porphyry intrusion phase. We will remain aggressive with step-out drilling and in this regard, a new drill pad is planned in a location situated well south of current drilling."

Trap is a precious metal dominant porphyry system hosted in an early quartz diorite body, which is overprinted by at least two styles of late-stage porphyry related sheeted carbonate base metal veinlets.