Collective Mining Announces that Drilling is Underway to Target the Near Surface and Tungsten Rich Portion of Apollo TORONTO ,
Collective Mining Announces that Drilling is Underway to Target the Near
Surface and Tungsten Rich Portion of Apollo
TORONTO
,
Nov. 10, 2025
/CNW/ -
Collective Mining Ltd.
(NYSE: CNL) (TSX: CNL)
("Collective" or the "Company")
is excited to report that a multi-hole drill
program is now in full swing, targeting the high-grade, outcropping tungsten-rich zone crowning the Apollo system ("Apollo"). Apollo is a large, partially reduced
intrusion related system enriched in gold, silver, copper, and tungsten. Drilling to date has outlined continuous mineralization from surface to
more than 1,300
vertical metres
, where the high-grade
Ramp Zone remains open at depth
. Apollo anchors the Company's flagship Guayabales Project—a district-scale, multi-
target, and infrastructure-rich project in Caldas,
Colombia
.
Key Highlights (see Figures 1-2)
Step out and infill drilling underway to expand and increase confidence
in the two defined tungsten-rich zones at Apollo.
Visual core logging of the initial hole already showing coarse scheelite (tungsten mineral) and chalcopyrite, bornite, and chalcocite (copper
minerals).
With Apollo hosting
Colombia's
first hard rock tungsten discovery and prices
for APT 88.5% tungsten
trading at all-time high of
US$703
per metric
tonne unit, relevant authorities are expressing keen interest in its future potential.
Assay results
from drilling of the tungsten zones expected in
December
.
Previously reported assay results from drill holes into Apollo's tungsten rich zones are listed below:
Hole #
From
(m)
To
(m)
Length
(m)
WO
3
%
Au
g/t
Ag
g/t
Cu
%
Press Release
Date
APC-31
0.00
96.95
96.95
0.30
2.46
23
0.16
November 7, 2023
APC-35
1.05
87.60
86.55
0.34
3.52
16
0.12
November 7, 2023
APC-44
9.00
89.00
80.00
0.35
1.00
16
0.16
November 7, 2023
APC-55
23.55
112.00
88.45
0.31
2.49
24
0.13
November 7, 2023
APC-110
56.15
147.15
91.00
0.32
0.85
48
0.39
June 2, 2025
APC-134
98.70
130.55
31.85
0.34
0.95
51
0.99
August 20, 2025
Ari Sussman
, Executive Chairman commented: "Since announcing the first hard-rock tungsten discovery in Colombian history,
positive interest from Colombian
officials in the critical minerals aspect of the Apollo system has evolved
. With tungsten prices now sitting at an all-time high and scarce supply available in
the Americas, our Apollo system has strong potential to feed the veracious appetite for the metal in a reasonable timeframe."
To date, Collective Mining has completed
143,500 metres
of diamond drilling across the Guayabales and
San Antonio
projects, including
103,000 metres
at the
flagship Apollo system.
Ten rigs
are currently turning with multiple high-priority holes at both projects pending assays.
With
US$145 million
in cash (as of
October 20, 2025
), the Company is fully funded for its planned, aggressive
2026 program
, which targets up to
100,000
metres
of additional drilling.
Figure 1: Plan View of the Apollo System Highlighting Previously Released Drilling Intercepts into the Outcropping Tungsten Rich Zone (CNW Group/Collective
Mining Ltd.)
Figure 2: Plan View Guayabales and San Antonio Projects Highlighting the Apollo System Within the Guayabales Project (CNW Group/Collective Mining Ltd.)
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit
www.collectivemining.com
.
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
$2 billion
in enterprise value, Collective is a gold, silver,
copper and tungsten exploration company with projects in Caldas,
Colombia
. The Company has options to acquire 100% interest in two projects located directly
within an established mining camp with ten fully permitted and operating mines.
The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-
tungsten Apollo system. The Company's objectives at the Guayabales Project are to expand the newly discovered high-grade Ramp Zone along strike and to
depth and drill a series of greenfield generated targets on the property.
Additionally, the Company has launched its largest drilling campaign in history at the San Antonio Project as it hunts for new discoveries and looks to expand upon
the newly discovered porphyry system at the Pound target. The San Antonio Project is located between two to five kilometers east-northeast of the Guayabales
Project and could potentially share infrastructure given their proximity to each other.
Management, insiders, a strategic investor and close family and friends own 45.3% of the outstanding shares of the Company and as a result, are fully aligned
with shareholders. The Company is listed on both the NYSE American and TSX under the trading symbol "CNL".
Qualified Person (QP) and NI43-101 Disclosure
David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and
verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology
and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).
Technical Information
Samples were cut by Company personnel at Collective Mining's core facility in Caldas,
Colombia
. Diamond drill core was sawed and then sampled in maximum 2
metres intervals, stopping at geological boundaries. Drill hole core diameter is a mix of PQ, HQ and NQ depending on the depth of the drill hole.
Core samples have been prepared and analyzed at ALS laboratory facilities in
Medellin, Colombia
and
Lima, Peru
. Blanks, duplicates, and certified reference
standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for
future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.
Information Contact:
Follow Executive Chairman
Ari Sussman
(@Ariski73
)
on X
Follow Collective Mining (
@CollectiveMini1
) on X,
(Collective Mining)
on LinkedIn, and
(@collectivemining)
on Instagram
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively,
"forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking
statements. In this news release, forward-looking statements relate, among other things, to the anticipated advancement of mineral properties or programs; future
operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future
events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the
speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations
in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general
macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other
commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic
developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of
laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of
obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in
the annual information form of the Company dated
March 24, 2025
. Forward-looking statements contained herein are made as of the date of this news release
and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as
may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on forward-looking statements.
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For further information:
Investors and Media: Paul Begin, Chief Financial Officer, [email protected], +1 (416) 451-2727
CO: Collective Mining Ltd.
CNW 06:30e 10-NOV-25