Collective Mining Ltd (TSE:CNL) has released an update.
Collective Mining Ltd has announced the discovery of the Plutus Porphyry Centre, a significant new porphyry target situated 500 meters east of the high-grade Apollo Porphyry Deposit. The Plutus target spans 1,000 by 720 meters and features a variety of mineralization styles, including high-grade copper and molybdenum soil anomalies. Drilling operations at Plutus are scheduled to begin in August 2023, with the company expressing optimism for potential discoveries that could match the nearby Apollo system.
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