Collective Mining Ltd. (NYSE:CNL) has recently been identified as one of the best Canadian gold stocks to buy according to hedge funds. The company made headlines on July 21 with the announcement of results from its drilling program at the Apollo system within the Guayabales Project in Caldas, Colombia. The standout result was a drill intercept of 442.35 meters at 2.16 grams per ton (g/t) gold equivalent, starting from the surface. This intercept included 68.05 meters at 4.55 g/t gold equivalent, showcasing the presence of strong mineralization in the area.
The breakdown of the gold-equivalent grades for the 442.35 meters includes 1.18 g/t gold, 43 g/t silver, 0.21% copper, and 0.05% tungsten oxide (WO₃). Another hole, APC-126, recorded 325.10 meters at 2.03 g/t gold equivalent, with 0.98 g/t gold, 27 g/t silver, 0.47% copper, and 0.03% WO₃, starting just 8 meters below the surface.
The Apollo system is the most advanced discovery within Collective Mining’s multi-target Guayabales Project. The company is currently conducting a fully funded 70,000-meter drill program for 2025, operating ten drill rigs – eight at Guayabales and two at San Antonio.
Collective Mining Ltd. is a Canadian mineral exploration company focused on developing high-grade gold deposits in Colombia. The Guayabales Project is its flagship asset, where the company has reported multiple high-grade drill results, including intercepts exceeding 9 g/t gold equivalent.
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In conclusion, Collective Mining Ltd. continues to make significant strides in its exploration efforts, particularly at the Apollo system within the Guayabales Project. With a robust drilling program in place and promising results to show, the company is poised for further success in the coming years. Investors looking for exposure to high-grade gold deposits in Colombia may find CNL to be an attractive option for their portfolios.
