Collective Mining Expands Apollo System's Ramp Zone Along Strike and at Depth with High-Grade Drill Results Including 23.35 Metres @ 8.24 g/t Gold Within 76.10 Metres @ 3.26 g/t Gold
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The most recent press release, dated December 3, 2025, announces further high-grade drill results from the Ramp Zone at the Apollo System, part of its flagship Guayabales Project in Colombia. The results successfully expanded the Ramp Zone along strike and at depth.
Key intercepts include: - APC143-D1: 76.10 metres at 3.26 g/t gold, which includes a higher-grade interval of 23.35 metres at 8.24 g/t gold. This was the deepest intercept in this area to date. - APC140-D2: 55.10 metres at 3.06 g/t gold. - APC140-D1: 47.70 metres at 1.98 g/t gold.
The release notes that the Ramp Zone's dimensions have been expanded to approximately 300 metres of strike by 270 metres of vertical extent and that it remains open in all directions. Additionally, two more recently completed holes (APC143-D2 and APC143-D3) have intersected visible gold, with assays pending. The company also confirmed a strong treasury of US$135 million.
The news is materially positive. It confirms and enhances the investment thesis that the Ramp Zone is the high-grade "engine" of the larger Apollo system. The results demonstrate both continuity and excellent grades, which are critical for de-risking the project and moving towards an initial resource estimate.
- Consistency and Grade: The headline intercept of 23.35 metres at 8.24 g/t gold is very strong and compares favorably with previous high-grade hits in the Ramp Zone, such as the 75.80 metres at 8.01 g/t AuEq announced in March 2025. This consistency is crucial in validating the company's geological model.
- Expansion: Extending the known mineralization by strike and depth is the primary goal of this drill program. This release confirms successful execution of that strategy, adding significant volume to the mineralized envelope. The zone remains open, suggesting further growth potential.
- Alignment with Expectations: Since identifying the Ramp Zone, management has consistently highlighted its potential to be analogous to the nearby multi-million-ounce Marmato Deeps deposit. These results directly support that thesis and meet, if not slightly exceed, reasonable market expectations for this stage of exploration. The news reinforces the company's track record of delivering strong results.
- Financials: The updated cash position of US$135M, while down from US$145M reported on November 10, is expected given the aggressive 10-rig drill program. The burn rate appears to be approximately US$10M-$13M per month, which the current treasury can sustain through the planned 2026 drill program without an immediate need for further financing.
While not a "Game Changer" like a new discovery or a maiden resource, this news provides a significant and positive data point that strengthens the project's outlook and reduces exploration risk.
Collective Mining is a Canadian-based mineral exploration company founded by the team that successfully developed and sold Continental Gold to Zijin Mining. The company's primary focus is on its two projects in the mining-friendly Caldas department of Colombia: Guayabales and San Antonio.
The flagship asset is the Guayabales project, which hosts the Apollo discovery. Apollo is a large-scale, bulk-tonnage gold-silver-copper-tungsten system that is mineralized from surface. The company's current focus is on aggressively drilling and expanding Apollo, with a particular emphasis on the underlying, higher-grade "Ramp Zone," which is believed to be the feeder system and shows geological similarities to the nearby multi-million-ounce Marmato Deeps deposit.