08:21 AM EST, 01/09/2025 (MT Newswires) -- Collective Mining ( CNL ) on Thursday announced final assay results from the 2024 drill program at the Trap and Plutus targets within the Guayabales project in Colombia.

At the Trap target, the company uncovered a new high-grade vein system in the south of the target area. Drilling also intersected 40.5 metres at 4.01 g/t gold equivalent.

At the Plutus target reconnaissance drilling continued to cut shallow levels of a mineralized porphyry system.

Collective currently has five drill rigs operating as part of its 60,000-metre drill program for 2025. Two additional rigs have been contracted with drilling anticipated to start later this month.

"Trap continues to demonstrate that there is a lot of metal in the system including the discovery of a new high-grade gold-rich vein system," said Ari Sussman, the company's executive chairman.