#Colombia #Collective Mining #Caldas #Apollo #Guayabales

High-Grade Assays at Apollo: A Breakthrough from Collective Mining

Collective Mining Ltd. (NYSE: CNL; TSX: CNL) has made significant strides in its ongoing drilling program at the Apollo system, part of the Guayabales project in Caldas, Colombia. Recently, the company announced remarkable assay results from six diamond drill holes aimed at outlining and expanding the area of mineralization at Apollo.

Key Highlights of the Results

The standout results include an impressive 397.50 metres of drill intercept delivering an average of 2.62 grams per tonne (g/t) gold equivalent, comprising 1.20 g/t gold, 60 g/t silver, 0.33% copper, and 0.07% WO3. This was recorded in hole APC-122, which concluded while still within strong mineralization, indicating that the potential for further discoveries remains high.

In addition, drill hole APC-119 revealed 135.20 metres of 2.71 g/t gold equivalent, demonstrating the consistency of high-grade mineralization across the drilling area.

A Fully Funded Drill Program

Collective Mining is operating nine drill rigs as part of a comprehensive 70,000-metre drill program for 2025, focusing on expanding the known mineralization, particularly in the high-grade Ramp Zone that extends over 1,200 vertical metres. The company is also gearing up for new explorations targeting Apollo look-alike gravity anomalies within close proximity, which could further enhance the project’s scope.

To date, about 129,500 metres of diamond drilling have been conducted at Guayabales, with 91,000 metres at the Apollo system alone. Out of the total drilling, twenty-five holes are currently at the laboratory for assay evaluation, with results expected shortly.

Executive Insights

Ari Sussman, Executive Chairman of Collective Mining, expressed enthusiasm regarding the ongoing drilling trends at Apollo, noting the substantial and consistent mineralization as a major driver of the company’s growth strategy. He emphasized, “As we head into the latter half of the year, we anticipate delivering on these promising results. The arrival of our first deep penetration drill rig will allow us to conduct an expansion program specific to the high-grade Ramp Zone.”

Continuous Exploration and Future Goals

The company’s aggressive approach to exploration has seen over two-thirds of the infill drill program completed, with plans to define the shallow mineralization more effectively. Following the anticipated completion of this phase, the average drill hole spacing will be refined to 35 metres from surface to a vertical depth of 150 metres.

As drilling progresses, the area’s overall mineralized footprint is already growing, expanding by approximately 5% based on current data. In addition to the activities at Apollo, recommencement at the San Antonio Project is underway, where positive early drill results hint at potential new porphyry systems.

This ongoing commitment to exploration and resource definition reveals Collective Mining's confidence in not only the Apollo system but its entire portfolio in Colombia’s rich mining sector. With its proactive drilling campaigns and analytical foresight, the company is poised for remarkable developments in the near future.

Conclusion

Collective Mining’s latest achievements at the Apollo drilling program reaffirm its status as a serious contender in the mining sector, showcasing both the depth and quality of its mineral resources. As further results are revealed, the anticipation around Apollo continues to build, promising an exciting journey ahead for investors and stakeholders alike.