Collective Mining finds new tungsten subzone 300m deep at Apollo

Collective Mining Ltd. (NYSE American: CNL) reported drill results identifying a tungsten-enriched mineralization subzone at 300 meters below surface at its Apollo system, located within the Guayabales Project in Caldas, Colombia, according to a company press release.

Drill hole APC-162 intersected 27.35 meters grading 37.55 g/t gold equivalent, including 1.68% tungsten trioxide (WO3), 11.62 g/t gold, 54 g/t silver, and 0.43% copper. The company said this subzone is distinct from an existing tungsten-rich zone covering the top 100 meters of the Apollo system and remains open down-dip.

A separate drill hole, APC160-D1, extended the Apollo breccia body 77 meters to the northwest at 900 meters below surface, returning 28.80 meters at 1.67 g/t gold equivalent. The same hole also intersected 116.25 meters at 1.41 g/t gold equivalent from 647 meters below surface.

Four exploratory holes at the San Antonio Project's Dollar target returned modest results, with hole SAC-39 intersecting 29.20 meters at 1.28 g/t gold from 246.30 meters depth.

Collective Mining reported $113.3 million in cash as of March 31, 2026, and said it has completed 184,000 meters of diamond drilling across its two projects, including 120,000 meters at Apollo. The company currently has 13 drill rigs operating and plans up to 100,000 meters of drilling in 2026.

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