CNL.TO · CNW · 2026-05-06 10:30:00

Collective Mining Discovers High-Grade Gold in Maiden Holes Targeting the Western Side of Ramp Zone at Depth - Newswire Canada

Drill Results

Three exploratory drill holes, covering approximately 70 meters of lateral extent by 205 vertical meters of volume, have returned multiple high-grade gold intercepts on the previously untested western margin of the Ramp Zone within the Apollo breccia body:
- 23.15 meters @ 4.61 g/t gold and 11 g/t silver from 1,163 meters below surface (APC140-D5)
- 5.30 meters @ 37.04 g/t gold and 28 g/t silver from 1,090 meters below surface (APC140-D6)
- 8.60 meters @ 6.51 g/t gold and 13 g/t silver from 1,316 meters below surface (APC140-D7)
To date, only 385 meters of the projected 1,500-meter circumference of the cone shaped, Apollo Breccia body has been drill tested for Ramp Zone style mineralization. In 2026, the Company intends to broadly test the 1,500-meter circumference of the breccia body in its entirety with seven drill rigs dedicated exclusively to this task.
Four drill holes targeting various undrilled segments of the shallower portion of the Apollo breccia body, intersected broad zones of mineralized breccia, including:
- 232.70 meters @ 1.80 g/t AuEq from 423 meters below surface including 45.00 meters @ 3.50 g/t AuEq and 32.80 meters @ 3.57 g/t AuEq (APC151-D1)
- 160.15 meters @ 2.03 g/t AuEq from 467 meters below surface including 21.10 meters @ 4.62 g/t AuEq and 24.80 meters @ 4.42 g/t AuEq (APC151-D2)

MIAMI, May 6, 2026 /CNW/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce assay results for twelve diamond drill holes at the Guayabales project. Three directional diamond holes tested the Ramp Zone ("Ramp") on the previously undrilled, western margin of the Apollo breccia body while the remaining nine holes tested various gaps in the Company's internal block model within the top 1,100 meters of the Apollo system. Ramp is located at the base of the Apollo system ("Apollo") starting at approximately 1,100 meters below surface and is ideally positioned at the same elevation where an envisioned underground adit would access the mineralization in a potential future mining operation.

Figure 1: Section View of Ramp Zone Outlining Today’s New High-Grade Assay Results Testing the Western Side of the System (CNW Group/Collective Mining Ltd.)

Figure 2: Plan View of the Ramp Zone at 800 MASL Highlighting Today’s Maiden Drill Holes into the Western Side of the Breccia Body. To Date, Only 385 Meters, out of Approximately 1.5 Kilometer Circumference of the Outer Margin of the Breccia Body has Been Drill Tested (CNW Group/Collective Mining Ltd.)

Figure 3: Side-by-Side Comparison of the Apollo System and the Neighboring Marmato Mine, Highlighting How the Ramp Zone and Marmato Deeps Systems Begin at the Same Elevation and the Potential for the Ramp Zone to Continue Expanding Along Strike and to Depth (CNW Group/Collective Mining Ltd.)

Figure 4: Plan View of the Apollo System Highlighting Infill Drill Holes in this Release (CNW Group/Collective Mining Ltd.)

Figure 5: Plan View of the Guayabales Project Highlighting the Apollo System (Ramp Zone is Located at the Bottom of Apollo) (CNW Group/Collective Mining Ltd.)

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