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Collective Mining Discovers New Precious Metal-Rich Oxide Zone at Apollo Target Area

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Collective Mining (CNL.TO) has made a new discovery of a zone of precious metal-rich oxidized mineralization in the northern portion of the Apollo target area at the Guayabales project in Colombia, the company said on Wednesday.

Assay results for seven diamond drill holes have delineated a new and outcropping zone of oxidized gold and silver rich mineralization.

Drilling and surface mapping have traced a continuous corridor of oxide gold-silver mineralization measuring about 700 meters in strike length by 200 m width and up to 100 m depth. Follow-up expansion drilling is underway.

Highlights of the results include 71.20 m at 1.95 grams per tonne gold equivalent, 56.00 m at 1.42 g/t gold equivalent and 21.00 m at 2.14 g/t gold equivalent.

With US$113.3 million in cash as of March 31, the company is fully funded for its planned 2026 program, which envisions up to 100,000 meters of drilling.

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