Project UpdateJun 29, 2026, 07:31 AM
Collective Mining discovers new high-grade tungsten subzone at Apollo
AI Summary
Collective Mining Ltd. announced the discovery of a new high-grade, tungsten-enriched subzone at its Apollo system, 300 meters below surface. Drill hole APC-162 intersected 27.35 meters at 37.55 g/t gold equivalent, including significant tungsten, gold, silver, and copper, with the subzone remaining open down-dip. The company also reported other drill results, including an extension of the Apollo breccia by 77 meters at 900 meters below surface, and confirmed it has $113.3 million in cash to fully fund its 2026 drilling program.
Key Highlights
- New tungsten-enriched high-grade subzone discovered 300m below surface at Apollo.
- Drill hole APC-162 intersected 27.35m @ 37.55 g/t AuEq.
- This intercept includes 1.68% WO3, 11.62 g/t Au, 54 g/t Ag, 0.43% Cu.
- APC160-D1 extended Apollo breccia by 77m to the northwest at 900m below surface.
- APC160-D1 intersected 28.80m @ 1.67 g/t AuEq.
- Company holds $113.3 million in cash as of March 31, 2026.
- Fully funded for 2026 program, planning up to 100,000 meters of drilling.
- Currently operating 13 diamond drill rigs across the Guayabales Project.
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