#Colombia #Collective Mining #Apollo system #Caldas #Gold Veins

Major Expansion of the Apollo System

Collective Mining Ltd. has announced a remarkable development regarding its flagship Apollo system in Caldas, Colombia. The recent directional drilling efforts have revealed substantial mineralization extending up to 450 meters northward. This exciting expansion is attributed to the discovery of a new zone, termed the Hanging Wall Vein Zone, which comprises thick layers of gold-rich, sheeted veinlets. These impressive findings have the potential to greatly influence the mineral inventory of the Apollo system.

Drilling Highlights

The standout results from the newly identified Hanging Wall Vein Zone include:

• - 61.30 meters at 1.78 g/t gold equivalent (APC-140D)
• - 130.40 meters at 1.15 g/t gold equivalent (APC-143D)

Significantly, this zone starts close to the surface and has been drilled down to depths of about 600 meters vertically. Notably, the mineralization remains open in all directions, presenting further opportunities for exploration.

In addition to the new zone's discoveries, the step-out drilling program has also expanded the breccia mineralization by approximately 250 meters in depth and 55 meters laterally, as observed in the Northern Expansion Zone. Exceptional intercepts from this area include:

• - 91.15 meters at 2.31 g/t gold equivalent (APC106-D2)
• - 120.35 meters at 1.35 g/t gold equivalent (APC106-D1)

Overview of the Apollo System

The Apollo system is characterized as a large-scale, high-grade mineralization area enriched in gold, silver, copper, and tungsten, traced from the surface down to a vertical extent of over 1,370 meters. This system forms an integral part of the Guayabales Project, recognized for its extensive infrastructure and multitudes of targets for mining operations.

Collective Mining has been aggressively executing its drilling campaigns across the Guayabales and San Antonio projects. The company has completed a whopping 153,000 meters of diamond drilling so far, of which 106,500 meters were conducted specifically at Apollo. With ten drilling rigs currently operational, the company is well-positioned to capitalize on the findings from high-priority holes in the short term.

Future Plans

With $135 million in cash on hand as of December 1, 2025, Collective Mining is fully equipped to pursue its ambitious drilling program for 2026, targeting up to 100,000 meters of additional drilling. Ari Sussman, the Executive Chairman, emphasized the need to recontextualize Apollo, not merely as a mineralized breccia system, but as a much larger entity that conceivably encompasses surrounding high-grade vein zones.

He expressed optimism about the future, particularly regarding the serendipitous discovery of the Hanging Wall Vein Zone during drilling intended for the high-grade Ramp Zone at depth.

Drilling Strategy

The intention is to initiate an aggressive drilling schedule for the Hanging Wall Vein Zone early in Q1 2026. The aim is to delineate further this promising new discovery, which already boasts a significant increase in the mineralized footprint at the Apollo system. The overall interpreted northeast strike length has seen a 43% increase, bringing it to approximately 1,050 meters long, 400 meters wide, and extending vertically to 1,370 meters.

Crucially, the system remains entirely open along its northeastern direction and at depth, indicating that the current drill findings may just scratch the surface of its potential.

This latest news from Collective Mining marks a notable step forward in the quest for new mineral resources and underscores the promising landscape of the Guayabales Project. As they move into this next phase of exploration, all eyes will be on the unfolding developments at the Apollo system and the potential it holds for significant resource growth.