#Colombia #Collective Mining #Apollo Project #Caldas #Tungsten

Introduction

Collective Mining Ltd. has recently announced the discovery of a new, tungsten-enriched subzone located 300 meters below the surface at their Apollo Project. This find marks a significant milestone in the exploration of high-grade mineralization, as the site has also revealed substantial concentrations of gold, silver, and copper. The drilling results come from hole APC-162 and portray a promising picture for the company's ongoing mineral exploration efforts.

Discovery Overview

The newly identified subzone showed impressive results with 27.35 meters yielding 37.55 grams per ton (g/t) of gold equivalent. This figure includes 1.68% WO3 (tungsten), 11.62 g/t of gold, 54 g/t of silver, and 0.43% of copper. The subzone is distinct from the upper tungsten-rich layer of the Apollo breccia body, which has previously proven valuable over the first 100 meters from the surface.

The collar for hole APC-162 was strategically located to build upon the findings made in hole APC107-D5, which displayed mineralization of a remarkable 28.45 meters at 0.80% WO3 accompanied by gold, silver, and copper results. This approach has allowed Collective Mining to reinforce the continuity and expansiveness of the mineral deposit.

The Significance of the Discovery

As highlighted by Ari Sussman, the Executive Chairman of Collective Mining, these recent findings emphasize the exceptional scale of the Apollo system, demonstrating strong growth potential in terms of both size and metal content. The identification of the new, high-grade tungsten subzone is a clear indication that the Apollo project is continuously yielding promising results with nearly each drill operation.

Moreover, the ongoing drilling program comprises 13 active rigs and is expected to advance significantly throughout 2026, with plans for up to 100,000 meters of drilling. With approximately 184,000 meters of diamond drilling already completed across the Guayabales and San Antonio projects, including 120,000 meters at Apollo, the findings are further enhancing the prospectivity of the project.

Future Directions

The expanding nature of this tungsten-enriched area poses an exciting opportunity for Collective Mining, where follow-up drilling is anticipated shortly. The results of the recent holes not only extend the previously known breccia body but also open new potential in the unexplored regions of the Apollo project.

Drill hole APC160-D1 has further extended the known breccia limits, revealing 28.80 meters at 1.67 g/t gold equivalent, showcasing the potential for higher copper and gold grades in the surrounding mineralization.

In addition, holes APC-167D and APC-162 drilled into diorite host rock have indicated stronger mineralization around the edges of the breccia body, leading to better grades than previously modeled. Continuous exploration activities are crucial as the company evaluates the additional targets and potential in a mining camp with ten currently operating and permitted mines nearby.

Financial Outlook

As of March 31, 2026, Collective Mining reported a substantial cash position of USD 113.3 million, allowing the company to be fully funded for its planned exploration programs in 2026. This financial backing positions the business strategically for continued exploration endeavors and broadened operations.

Conclusion

The discovery at the Apollo project not only serves as a testament to Collective Mining’s exploration capabilities but also showcases the future potential for significant tungsten, gold, and silver reserves in Colombia. As drilling continues and more mineralized areas are evaluated, stakeholders and investors alike maintain a close watch on how Collective Mining will capitalize on these promising developments. With a focus on expansion and the intriguing mineralization patterns evident beneath the surface at Apollo, Collective Mining is gearing up for a potent phase of growth in the coming years, establishing its presence firmly within the mining sector in Colombia.