Collective Mining Expands Apollo's Surface Footprint by Drilling 31.70 Metres @ 17.35 g/t AuEq Within 165.75 Metres @ 5.35 g/t AuEq from 8.85 Metres
Collective Mining’s Apollo Footprint Grows as Grade Outperformance De-Risks Path to 2027 Maiden Resource
The news release dated February 9, 2026, announces significant results from a shallow step-out drilling program at the Apollo system within the Guayabales project in Colombia. Key highlights include: - Hole APC-159 intersected 165.75 metres at 5.35 g/t AuEq (including 31.70 metres at 17.35 g/t AuEq) from a depth of 8.85 metres. - Drilling expanded the breccia body footprint to the northeast by approximately 30 metres. - Grades encountered in recent holes are reportedly up to 40% higher than the company's internal block model projections. - Discovery of new sheeted veinlets in the Hanging Wall Zone (64 metres at 1.87 g/t AuEq). - The company maintains a strong treasury of US$135 million. - Management reiterated a plan to drill 100,000 metres in 2026 using 14 rigs by the end of Q1 2026, targeting a maiden mineral resource estimate (MRE) in H1 2027.
The impact is Material - Positive for the following reasons: - Grade Outperformance: Intersecting grades 40% above internal models is a significant de-risking event for the eventual MRE. High-grade near-surface intercepts like 17.35 g/t AuEq over 31 metres suggest a high-margin "starter" area for future mining scenarios. - Footprint Expansion: A 30-metre expansion to the northeast continues the trend of the Apollo system growing larger with every drill campaign. - Discovery of Parallel Mineralization: The discovery of sheeted veinlets in the Hanging Wall Zone (Hole APC-159) adds a new dimension to the system beyond the main breccia body. - Treasury Strength: With US$135 million in cash, the company is fully funded for its aggressive 100,000-metre program, removing near-term dilution risk.
Collective Mining is a Canadian exploration company focused on the Middle Cauca belt in Colombia. Its flagship project is Guayabales, anchored by the Apollo system. - Apollo System: A high-grade, bulk-tonnage gold-silver-copper-tungsten deposit. It features an outcropping breccia body that transitions into a "Ramp Zone" at depth. - San Antonio: A secondary project featuring porphyry and vein targets (Pound, Euro, Real targets). - Management: Led by Ari Sussman and the team formerly responsible for Continental Gold (Buritic\u00e1 discovery), which was sold to Zijin Mining for C$2 billion.