The new PEA makes the project one of the world’s most capital-efficient by hiking its value 23% while trimming construction costs.

The results come from eight diamond drill holes, part of Collective’s ongoing 40,000-metre drilling program.

One of the regrind mills has now been re-purposed as the primary ball mill, allowing ore processing to resume at a reduced rate.

Retail investors can struggle to make sense of drill results, but some junior mining explorers make things worse with misleading reporting practices that inflate the value of their projects, industry veteran says.

The company now plans to submit the ESE statement in July 2025 instead of the second half of 2024.

Guanaceví was initially forecast to produce between 5.3-5.8 million oz. of silver and 34,000-38,000 oz. of gold in 2024.

The McCoy-Cove project hosts one of the highest-grade gold-silver deposits in the state.