Northwire Canada EditionMonday, November 9, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Collective Mining Expands Ramp Zone by Drilling 83.75 Meters at 21.14 g/t Gold Beginning at 1,355 Meters Below Surface

By The Northwire Desk — AI Analysis Mar 29, 2026 · 18:00 CNL · 20.96 Collective Mining Ltd.
CNL · Price

Executive Summary

  • Collective Mining announced exceptionally high‐grade intercepts from drill hole APC150‑D1 in the Ramp Zone, including a 20.80 m interval averaging 21.14 g/t Au (and 17 g/t Ag) with a sub‑interval of 20.80 m at 51.36 g/t Au.
  • The company is expanding its drilling program to seven rigs (up from five) to test continuity around the 1.5 km circumference of the breccia body, indicating confidence in a large, high‑grade resource.
  • Cash balance of US$135 M (as of Dec 1 2025) fully funds the 2026 plan of up to 100,000 m of drilling with up to fourteen rigs.

Key Details

  • Hole APC150‑D1 results (core lengths):
  • 54.55 m @ 7.04 g/t Au, 16 g/t Ag (incl. 17.85 m @ 11.37 g/t Au, 22 g/t Ag)
  • 81.50 m @ 4.24 g/t Au, 8 g/t Ag (incl. 26.00 m @ 8.85 g/t Au, 12 g/t Ag)
  • 83.75 m @ 21.14 g/t Au, 17 g/t Ag (incl. 20.80 m @ 51.36 g/t Au, 35 g/t Ag)

  • 7.05 m @ 2.13 g/t Au to hole bottom at 1,445 m below surface

  • High‑grade sub‑zone (Table 2): Multiple contiguous intervals between 711.95–732.75 m depth delivering grades up to 734 g/t Au over 1.15 m.

  • Hole APC143‑D4:

  • 69.25 m @ 1.00 g/t Au, 4 g/t Ag from 11.10 m depth (978 m below surface) – lower‑grade but confirms Ramp signature at shallower levels.

  • Drilling program expansion:

  • Two additional deep‑capacity diamond rigs added this week → total of five rigs; another two rigs expected within the next month, targeting up to fourteen rigs for 2026.

  • Cumulative drilling to date: 169,500 m total across Guayabales and San Antonio projects; 111,000 m at Apollo system.

  • Financial position: US$135 M cash on hand (Dec 1 2025) → fully funds planned 2026 drilling campaign of up to 100,000 m.

  • Geological context: Ramp Zone sits at ~1,000 m MASL within the Apollo intrusion‑related system; mineralization characterized by gold‑silver‑copper‑tungsten sulfides with notable bismuth and tellurium signatures.

  • Future outlook: Company plans to increase rigs to seven immediately and test continuity around the breccia body in Q2 2026; assay results for adjacent holes APC140‑D5/D6 expected in April.

Notable Quotes

“APC150‑D1 is a remarkable hole cutting three bulk zones of high‑grade mineralization at Ramp… As a result, we will be increasing our Ramp focused drilling program from five to seven rigs as we look to expand the high‑grade mineralization…” – Ari Sussman, Executive Chairman

All technical information reviewed and verified by Qualified Person David J. Reading (NI 43‑101 compliant).

Read the original news release →

More from Collective Mining Ltd.

Nov 03, 2026 · 06:30

Collective reports Broad Ramp intersection with elevated grade-thickness, though total tonnes for the deposit remain pending final calculation.

Drill Results Oct 27, 2026 · 06:30

Collective reports positive step-outs at SHZ, though grade and scale do not reset the thesis.

Drill Results Oct 22, 2026 · 17:00

Collective’s maiden Apollo resource is validated by a NI 43-101 report as drilling momentum continues at the project.

Resource Estimate Oct 20, 2026 · 06:30

Collective’s Ramp Zone extends 340m northwest with grades trailing the southeastern anchor.

Drill Results Oct 13, 2026 · 06:30

Collective reports a 5.5m wide Ag-W intersection and broad SHZ holes near cutoff grade at its project.

Drill Results Sep 21, 2026 · 06:30

Collective’s metallurgical validation supports its 2027 licensing path, even as the company’s stock price continues to drift lower.

Technical Study