Collective Mining Hits High-Grade Tungsten-Gold in Schist Outside Apollo Breccia
CNL sits 36% above its 52-week low of $9.77 on elevated volume (2.6× avg).
Summary
Collective Mining reported new high-grade tungsten-gold mineralization in schist outside the Apollo breccia body, thirteen new high-grade veins, and a westward extension of the Ramp Zone — all beyond the current Mineral Resource block model.
Key Events · Product Development and Regulatory · CNL
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New Tungsten-Gold Zone in Schist
APC150-D4 intersected 8.15m grading 14.82 g/t AuEq (0.40% WO3, 8.47 g/t Au, 4 g/t Ag) from 927m depth — the first tungsten mineralization found in schist outside the southern Apollo breccia margin, ~680m below the shallow tungsten zone in the block model.
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Thirteen New High-Grade Veins
Mother hole APC-171D and daughter holes APC171-D1/D2 intersected thirteen previously unrecognized veins, including 1.15m @ 57.98 g/t AuEq and 1.25m @ 28.73 g/t AuEq. Seven veins lie outside the block model; six occur within its southwestern margin at grades exceeding model estimates.
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Ramp Zone Extended Westward
Ramp Zone mineralization extended ~35m westward beyond the current block model along the southern breccia axis. APC171-D3 intersected visually-identified Ramp Zone-style mineralization with visible gold ~350m below the block model; assays pending.
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Fully Funded Exploration Program
US$93.7M in cash (as of June 30, 2026) funds the planned 2026 program of up to 90,000 meters of drilling. 13 diamond drill rigs are operating; assays for 96 holes are outstanding, including 17 into the Ramp Zone.
Analysis · CNL · Energy & Transportation
The discovery of a new tungsten-gold zone in schist outside the Apollo breccia body, plus thirteen new high-grade veins and a 35-meter westward extension of the Ramp Zone, materially expands the exploration upside beyond the maiden Mineral Resource announced just 16 days ago. The 8.15m @ 14.82 g/t AuEq intercept at 927m depth is the first tungsten mineralization found in the surrounding schist in this area, opening an entirely new target with follow-up drilling already planned. With US$93.7M in cash and 13 rigs turning, the company is fully funded to test these extensions aggressively.
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At the time of this filing, CNL was trading at $13.25 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $9.77 to $21.97. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.