Project UpdateMay 20, 2026, 09:16 AM
Collective Mining Discovers Oxide Zone at Apollo: 71.20m @ 1.95 g/t AuEq
AI Summary
Collective Mining Ltd. announced the discovery of a new precious metal-rich oxide zone at the northern portion of its Apollo target area within the Guayabales Project in Colombia. Drilling and surface mapping have delineated a continuous corridor of oxidized gold-silver mineralization measuring approximately 700 meters in strike length by 200 meters width and up to 100 meters depth. Key intercepts include 71.20 meters at 1.95 g/t AuEq from surface and 56.00 meters at 1.42 g/t AuEq from 12.80 meters. The company plans follow-up expansion drilling, metallurgical testing, and aims to include this zone in its maiden NI 43-101 mineral resource estimate by mid-2027.
Key Highlights
- Discovered a precious metal-rich oxide zone at Northern Apollo, measuring 700m strike length by 200m width and up to 100m depth.
- Intercepted 71.20m @ 1.95 g/t AuEq (0.75 g/t Au, 87 g/t Ag) from surface (APC-165).
- Intercepted 56.00m @ 1.42 g/t AuEq (0.30 g/t Au, 79 g/t Ag) from 12.80m (APC-169D).
- Intercepted 21.00m @ 2.14 g/t AuEq (0.82 g/t Au, 95 g/t Ag) from 91.30m (APC-161D).
- The zone is fully oxidized to a maximum depth of 45m, transitioning to oxide-sulphide minerals down to 100m.
- Company holds $113.3 million in cash as of March 31, 2026, fully funding its 2026 program.
- Plans up to 100,000 meters of drilling in 2026, with 14 diamond drill rigs expected by end of Q2 2026.
- Metallurgical samples are being collected for test work, with potential inclusion in the maiden NI 43-101 resource estimate by mid-2027.
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