Collective Mining Receives Formal Recognition from the Municipality of Marmato for its Social Management Programs in the Region
Collective Mining Receives Formal Recognition from the Municipality of
Marmato for its Social Management Programs in the Region
Toronto, Ontario, November 14, 2022 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF)
(“Collective” or the “Company”) is pleased to announce that the Mayor’s office of Marmato has formally
acknowledged Collective Mining's social a ctivities and efforts within the municipality . Known as
“Resolution 520, 2022”, the m unicipality expresses its gratitude for the contributions to the
development of social, economic and governance matters since the Company's arrival in 2020.
The township of Marmato, which is located in the department of Caldas, is one of the most historic
and significant gold and silver mining regions in the western hemisphere of the world with continuous
production beginning more than 500 years ago. Collective Mining’s Guayabales project is located in
the heart of this long-established mining camp which has 10 fully permitted and operating mines
located within a three kilometres radius of the project.
Since Collective Mining’s arrival to Marmato in 2020, the Company has focused on aligning itself with
the municipality’s “Development Plan” by cooperating with initiatives that are rele vant for the
community and region. These efforts have included the improvement of rural roads, providing technical
proficiency to Marmato’s coffee growers, protecting local water sources, monitoring and improvement
of the aqueducts in the municipality and establishing beekeeping projects.
"Collective is a company that listens to the communities and embraces the needs of our municipality.
From day one, they have supported us in our Development Plan. We wish to highlight that the
Company always brings with it great respect for our communities. That is why, today, we can ratify
this formal recognition proving it is possible to work hand in hand with a private company," said Yesid
Castro, Mayor of Marmato.
“Since our arrival to the region, our goal was to add value t o local communities while advancing our
efforts in making the next ma jor discovery in Colombia. Since inception, our Company has been
committed to a “Collective” approach to the development of project s, working alongside local
government and communities to help develop our ESG initiatives. This recognition, coupled with our
multiple geological discoveries are evidence that we are on the right track. We wish to express our
gratitude to the local communities and to the Mayor and his team for allowing us to bring value and
work alongside the citizens of Marmato,” commented Omar Ossma, President and CEO of Collective
Mining.
Figure 1: Collective Mining’s Sustainability Team Receiving the Recognition from the Mayor of
Marmato.
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit
www.collectivemining.com.
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
$2 billion in enterprise value, Collective Mining is a copper, silver and gold exploration company based
in Canada, with projects in Caldas, Colombia. The Company has options to acquire 100% interests in
two projects located directly within an established mining camp with ten fully permitted and operating
mines.
The Company’s flagship project, Guayabales, is anchored by the discovery of the “Main Breccia” at
the Apollo target in June 2022, which is a large bulk-tonnage, and high-grade copper, silver and gold
porphyry-related hydrothermal breccia system. The Company’s near- term objective is to continue
expanding the size of the Main Breccia discovery through step- out drilling while simultaneously
increasing confidence in the highest-grade portions of the system.
Management and insiders own nearly 35% of the outstanding shares of the Company and as a result,
are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol
"CNL" and on the OTCQX under the trading symbol “CNLMF”.
Contact Information
Collective Mining Ltd.
Steven Gold, Vice President, Corporate Development and Investor Relations
Tel. (416) 648-4065
FORWARD-LOOKING STATEMENTS
This news release contains certain forward- looking statements, including, but not limited to,
Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”,
“expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or
other variations of these words, or similar words or phrases, have been used to identify these forward-
looking statements. These stateme nts reflect management’s current beliefs and are based on
information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors
could cause actual results, performance, or achievements to differ materially from the results
discussed or implied in the forward- looking statements. These factors should be
considered carefully, and readers should not place undue reliance on the forward-looking statements.
Although the forward- looking statements contained in this news release are based upon what
management believes to be reasonable assumptions, Collective cannot assure readers that actual
results will be consistent with these forward- looking statements. These forward- looking statements
are made as of the date of this news release, and Collective assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.