Collective Mining Hits 38m @ 15.46 g/t AuEq in New Northern Apollo Extension
CNL sits 55% above its 52-week low of $9.77.
Summary
Collective Mining discovered a significant northern extension to the Apollo breccia, including a high-grade intercept of 38.00m @ 15.46 g/t AuEq, extending the system 170 meters vertically and 100 meters northward.
Key Events · Product Development and Regulatory · CNL
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New Northern Apollo Extension Discovered
Hole APC172-D2 returned 141.40m @ 4.88 g/t AuEq from 924m depth, including 38.00m @ 15.46 g/t AuEq, extending the Apollo breccia 100 meters north of its known limits.
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170-Meter Vertical Extension
The intercepts represent the deepest holes drilled on the northern side of the main Apollo breccia body, adding 170 meters of vertical extent below prior holes APC106-D1 and APC106-D2.
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Infill Drilling Confirms Block Model
Seven infill holes confirmed expected grades, including 171.65m @ 2.13 g/t AuEq with 44.90m @ 4.98 g/t AuEq (APC160-D3), supporting continuity in the internal geological model.
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Follow-Up Drilling Underway
Hole APC180-D1 has cut up to 100 meters of prospective visual mineralization 100 meters west of APC172-D2, with assay results expected in late Q3 or early Q4 2026.
Analysis · CNL · Energy & Transportation
The headline intercept — 38.00m @ 15.46 g/t AuEq within 141.40m @ 4.88 g/t AuEq — is a high-grade, bulk-tonnage result that materially expands the Apollo system both northward and vertically. The discovery was unexpected: two directional holes targeting the Ramp Zone instead cut a new breccia extension 100 meters beyond the known northern limit, adding a 170-meter vertical extension and leaving mineralization open in multiple directions. For an exploration company with a $1.3B market cap, a new high-grade zone at depth is exactly the kind of result that can re-rate the resource base. The infill holes also confirm continuity in the internal block model, de-risking the upcoming maiden resource estimate. With US$93.7M in cash and 13 rigs turning, follow-up drilling is already underway, with additional results expected in late Q3 or early Q4 2026.
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