Collective Mining Ltd. announced that it is located approximately 1.3 kilometres west of the Apollo porphyry system ("Apollo") and hosts the same mineralization styles, geochemical footprint and geology as Apollo. An extensive sampling program was recently completed at Box with results outlined in this release. Reconnaissance work within the streams has identified multiple well mineralized float boulders from other potential sources upstream.

A previous three-hole scout drilling program in 2021 did not drill test the large target area outlined in this release but indicated that a large hydrothermal fluid system may be in close proximity. The mineralization styles, geochemical capabilities and geology of Box is identical to that seen at Apollo and recent work highlights that the brecciated porphyry bodies of both porphyry centres are linked as part of a now well-defined east-west structural corridor. The Company is currently constructing pads to commence drill testing these targets with the first hole scheduled to start in April 2024.