Collective Mining Ltd. reported that three new orthogonal diamond drill holes at its Apollo system in Colombia’s Middle Cauca belt have confirmed a continuous high‑grade Ramp Zone extending 300 m along strike and 270 m vertically. The holes intersected a 23.35‑m interval at 8.24 g/t gold within a 76.10‑m interval at 3.26 g/t gold, underscoring the zone’s open‑ended nature and high‑grade potential.
The new intercepts are part of a fully funded 70,000‑meter drill program that has already produced 143,500 m of drilling across the company’s Guayabales and San Antonio projects, with 103,000 m drilled at Apollo. The program’s progress demonstrates the company’s disciplined execution and its ability to rapidly advance the Apollo system’s resource definition.
The confirmation of a district‑scale, polymetallic deposit—gold, silver, copper and tungsten—strengthens the case for open‑pit viability. Management estimates that the Ramp Zone’s continuity could reduce development costs by 30‑50 % compared with greenfield projects, while the high tungsten grades come at a time when APT 88.5 % tungsten prices are near a 12‑month high of US$703 per metric tonne unit.
Executive Chairman Ari Sussman highlighted the strategic significance of the results, noting that the Apollo system’s first hard‑rock tungsten discovery, coupled with the high gold and silver grades, positions the company as a leading junior play in Colombia. He added that the company’s strong cash position—US$135 million as of December 1 2025—provides the financial flexibility to accelerate the maiden resource estimate, which is expected in the fourth quarter of 2026.
Collectively, the drill results reinforce Collective Mining’s narrative of a bulk‑tonnage, multi‑metal deposit with strong economic prospects. The company’s disciplined drilling program, robust cash reserves, and experienced management team suggest a clear path toward a significant resource definition and potential future development milestones.
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