Collective Mining Expands the Ramp Zone by Drilling its Highest-Grade, Northeasternmost and Deepest Intercept Ever: 58.10 Metres at 21.33 g/t Gold Hole APC143-D3, which intersected the Ramp Zone at up to 1,410 metres below surface
Collective Mining Expands the Ramp Zone by
Drilling its Highest-Grade, Northeasternmost
and Deepest Intercept Ever: 58.10 Metres at
21.33 g/t Gold
Hole APC143-D3, which intersected the Ramp Zone at up to 1,410 metres below surface
expands the mineralized envelope to 300 metres of strike by 100 metres in width by 310
metres vertically — and remains open in all directions
TORONTO
,
Jan. 27, 2026
/CNW/ -
Collective Mining Ltd.
(NYSE: CNL) (TSX: CNL)
("Collective"
or the "Company")
is pleased to announce assay results for two directional diamond drill holes
designed to continue expanding the high-grade Ramp Zone ("Ramp") along strike northwards and at
depth. The Ramp Zone is located at the base of the Apollo system ("Apollo") starting at
approximately 1,000 MASL (metres above sea level) and ideally positioned at the same elevation as
an envisioned underground access tunnel in a potential future mining operation.
Apollo is a large, Partially Reduced Intrusion Related System enriched in gold, silver, copper and
tungsten. Drilling to date at Apollo has outlined continuous mineralization from surface to,
as of
today,
more than 1,410 vertical metres.
Apollo anchors the Company's flagship Guayabales
Project—a district-scale, multi-target and infrastructure-rich project in Caldas,
Colombia
.
Ari Sussman
, Executive Chairman commented: "The Apollo system continues to showcase its
extraordinary potential with impressive high-grade mineralization extending over 1.4 kilometres from
surface.
Today's results, featuring a spectacular 27.00 metres at 43.13 g/t gold within a
broader 58.10 metres at 21.33 g/t gold
, represent the highest-grade and deepest intercept drilled
to date at Apollo—a compelling indicator of the vast untapped upside yet to be uncovered.
We are invigorated to accelerate Apollo's transformation into a producing mine as it holds immense
promise to become
Colombia's
next major and large-scale mining project, yielding gold alongside the
critical mineral byproducts copper, tungsten and silver. Situated in a well-established, infrastructure-
rich, and mining-friendly region, we envision this future mining operation as a foundation for nurturing
the next generation of Colombian talent in a modern, safe and environmentally sustainable
environment, while supplying the nation with vital minerals to bolster its security and economy and
satisfy the West's insatiable demand for essential resources."
To watch a video of
Ari Sussman
, Executive Chairman, explain today's results please
click on the link here.
Key Highlights
High-Grade Intercept at the Ramp Zone
with hole APC143-D3 intersecting:
27.00 metres @ 43.13 g/t gold and 25 g/t silver
within a broader mineralized zone of
58.10 metres @ 21.33 g/t gold and 13 g/t silver
from 187.80 metres down deflection
(1,410 metres below surface).
This hole represents the highest-grade intercept and
largest grade accumulation at 1,239
g/t Au (gram x metres) drilled to date in the Ramp Zone.
Significant Expansion of the Ramp Zone
: APC143-D3 is the deepest and northeasternmost
hole drilled to date, expanding the dimensions to 300 metres along strike by 100 metres width
and 310 metres vertically (previously 275 metres strike by 300 metres vertical). The zone
remains open in all directions for further growth.
New Model for the Ramp Zone Emerges:
Ramp zone style of mineralization is located on the
margins of the breccia body drilling to date has focused solely along the southeast margin.
Significant potential remains to discover additional Ramp Zone style high-grade mineralization at
1,000 MASL and deeper around the entire outer margin of the funnel-shaped Apollo breccia
body. At 750 MASL, the breccia's circumference is approximately 1.6 kilometres. To date,
drilling has outlined a 300-metre by 100-metre area along the southeast margin, featuring
multiple broad high-grade intercepts of up to 75 metres in length, leaving more than 1.2
kilometres of untested circumference for future drill testing (see Figure 2)
Aggressive Drilling Ramp-Up
: Three deep-capacity diamond rigs are currently operating at
the Ramp Zone, with two additional deep-capacity rigs anticipated to arrive on site in Q1 2026.
To date, Collective has completed
166,500 metres
of diamond drilling across the Guayabales and
San Antonio
projects, including
109,500 metres
at the flagship Apollo system.
With
US$135 million
in cash (as of
December 1, 2025
), the Company is fully funded for its
planned
2026 program
, which envisions up to
100,000 metres
of additional drilling. Up to fourteen
rigs are anticipated to be operating across both projects before the end of Q1, 2026, with numerous
high-priority holes pending assay results.
Details (see Table 1-2 and Figures 1-6)
APC143-D3 was drilled as a wedge hole from mother hole APC-143D from Pad 19 in a southerly
direction and successfully extended the Ramp Zone along strike and to depth with assays results as
follows:
58.10 metres @ 21.33 g/t gold, 13 g/t silver from 187.80 metres down deflection
including
27.00 metres @ 43.13 g/t gold, 25 g/t silver from 187.80 metres down deflection
APC140-D4 was drilled as a directional hole from mother hole APC-140D from Pad 29 to the
southwest and was planned to test the center of the breccia body for Ramp Zone style
mineralization. Although finding high grade mineralization in the center of the breccia was deemed a
low probability outcome by the Company, sporadic mineralization was encountered with assays
results as follows:
15.00 metres @ 5.00 g/t gold, 10 g/t silver from 107.00 metres down deflection at 1,100
MASL interpreted as the transition to Ramp Zone
3.65 metres @ 4.91 g/t gold,
6
g/t silver from 547.35 metres down deflection
3.35 metres @ 3.51 g/t gold from 648.55 metres down deflection
The Ramp Zone, which commences at approximately 1,000 MASL, is classified as a reduced
intrusion-related gold system with similarities, in terms of mineralogy, to the nearby Marmato Deeps
deposit, owned by Aris Mining. Located just 1.75 kilometres apart, both systems begin at the same
elevation and the gold-and-silver-bearing sulphide assemblages in the Ramp Zone closely resemble
those at Marmato Deeps. Mineralization occurs with pyrite and pyrrhotite, accompanied by minor
bismuth, tellurium, and locally arsenopyrite bearing sulphides, hosted in veinlet stockworks, cracks
and miarolitic cavities of the breccia body. Alteration is dominated by muscovite, albite and sericite.
A key distinguishing feature at Ramp is the significantly higher gold grades encountered to date
compared to Marmato Deeps. The Company attributes this superior grade profile primarily to the
host rock: mineralization at the Ramp Zone is emplaced within a porous crackle breccia matrix,
which provides greater permeability for metal-bearing fluids than the precursor porphyry host rock at
Marmato Deeps.
Cautionary Note to Readers:
Although Apollo (including the Ramp Zone) and the Marmato Lower Mine (also referred to as the
Bulk Mining Zone or formerly as Marmato Deeps) share certain geological characteristics,
information regarding the Marmato Lower Mine is not necessarily indicative of mineralization in the
Ramp Zone. Information regarding the Marmato Lower Mine has not been independently verified by
the Company or its Qualified Person in accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43-101"). All information presented herein regarding the
Marmato Lower Mine is derived from the NI 43-101 compliant technical report titled "Technical
Report for the Marmato Gold Mine, Caldas Department,
Colombia
, PFS of the Lower Mine
Expansion Project," with an effective date of
June 30, 2022
(filed
November 23, 2022
). This report is
available on Aris Mining Corporation's website at:
https://aris-mining.com/operation/marmato-mine/technical-report/
.
Table 1: Assays Results for Drill Holes APC143-D3 and APC140-D4
Hole #
From
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
APC143-D3
187.80
245.90
58.10
21.33
13
Incl.
187.80
214.80
27.00
43.13
25
Incl.
187.80
193.75
5.95
165.72
90
APC140-D4
107.00
122.00
15.00
5.00
10
Incl.
119.00
121.05
2.05
28.87
26
and
547.35
551.00
3.65
4.91
6
and
648.55
651.90
3.35
3.51
-
True widths have been estimated to be between 85%-98% of the total length with no grade capping applied. Internal dilution of up to 15% below a cutoff grade of 0.30 g/t Au may
be included within intervals with the dilution not exceeding 5% continuously within the total interval.
Table 2: Individual Assays Results from a High-Grade Section of Hole APC143-D3
From
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
187.80
189.00
1.20
95.30
47
189.00
190.30
1.30
363.00
192
190.30
191.35
1.05
6.29
12
191.35
192.60
1.25
68.90
33
192.60
193.75
1.15
267.00
150
193.75
195.50
1.75
4.31
2
195.50
197.00
1.50
0.26
-
197.00
198.75
1.75
0.15
-
198.75
200.00
1.25
44.20
13
200.00
201.55
1.55
0.17
-
201.55
202.70
1.15
0.46
-
202.70
203.85
1.15
0.14
1
203.85
204.90
1.05
1.15
2
204.90
206.00
1.10
0.49
1
206.00
207.10
1.10
2.15
1
207.10
208.25
1.15
10.75
11
208.25
209.35
1.10
18.15
17
209.35
210.60
1.25
0.13
3
210.60
212.00
1.40
0.10
1
212.00
213.40
1.40
22.20
23
213.40
214.80
1.40
33.00
26
Weighted Average
27.00
43.13
25
True widths have been estimated to be between 85%-98% of the total length with no grade capping applied. Internal dilution of up to 15% below a cutoff grade of 0.30 g/t Au may
be included within intervals with the dilution not exceeding 5% continuously within the total interval.
Figure 1: Section View Outlining the Ramp Zone Extension Down Plunge to the Northeast (CNW
Group/Collective Mining Ltd.)
Figure 2: Plan View of the Ramp Zone at 750 MASL Highlighting Drill Holes Announced Today and
the 1.2+ Kilometre Circumference of the Breccia Body Versus the Much Smaller Portion Tested by
Drilling to Date (300 metres of strike) (CNW Group/Collective Mining Ltd.)
Figure 3: Drill Core Tray Photo Highlighting a High-Grade Section of Drill Hole APC143-D3 with
Visible Gold Flakes Observed Highlighted in Yellow (CNW Group/Collective Mining Ltd.)
Figure 4: Apollo System: High-Grade Over 1,410 Metres from Surface and Growing! (CNW
Group/Collective Mining Ltd.)
Figure 5: 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 6: Plan View of the Guayabales Project Highlighting the Apollo System (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's two projects are 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 its optioned San
Antonio Project (100% potential interest) 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
for copper, gold and silver assays, and multi-element ICP. ALS is an accredited
laboratory which is independent of the Company. Gold assays are obtained by fire assay fusion with
AAS finish on a 50g sample (Au-AA24). Any samples returning > 10 g/t were then reanalyzed by fire
assay with gravimetric finish on a 50g sample (Au-GRA22). Copper and silver were assayed by
inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES) and Mass Spectrometry
(ICP-MS) following a 4-acid digestion. Samples were also analyzed for a suite of 48 elements with
ME-MS61 plus mercury and a sequential copper leach analysis was completed on each sample with
copper greater than 10,000 parts per million. 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.
SOURCE
Collective Mining Ltd.
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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 27-JAN-26