Six Drill Holes Designed To Expand Mineralization At Apollo System

TORONTO – Collective Mining Ltd. reported on six diamond drill holes designed to better outline and expand the shallow portion of gold-silver-copper-tungsten mineralization at the Apollo system. Apollo, which begins at surface and is strongly mineralized over 1,200 vertical metres and open at depth, is the most advanced discovery made to date within the Company’s multi-target, Guayabales project in Caldas, Colombia.

The Company currently has nine drill rigs operating as part of its fully funded 70,000 metre drill program for 2025 with seven rigs operating at the Guayabales Project and two rigs turning at the San Antonio Project. Drilling in the Guayabales Project is focusing on defining the shallow mineralization, high-grade sub-zones, expanding the high-grade Ramp Zone at depth and testing a series of Apollo look-alike gravity targets which were announced recently. Two additional deep capacity rigs are being mobilized to resume testing the high-grade Ramp Zone with the first of these rigs expected to begin operations by early August 2025.

Approximately 129,500 metres of diamond drilling has been completed to date at the Guayabales Project, including 91,000 metres at Apollo. There are currently twenty-five drill holes in the lab with assay results for most of these holes expected in the near term.

Ari Sussman, Executive Chairman, said, “Drilling at Apollo continues to intercept impressive mineralization which begins at surface, extends over more than 1,200 vertical metres and is still open at depth. The second half of the year is going to be exciting as we are positioning the Company to deliver the next leg of growth.  Firstly, and importantly, the first of two, deep penetrating rigs has just arrived in Colombia and will soon be mobilized to Apollo where it will begin an expansion program of the high-grade Ramp Zone located at the bottom of Apollo. Secondly, exploratory drilling is underway on the series of Apollo look-alike gravity anomalies located within 2 kilometres of Apollo and on trend from the Marmato mine. Finally, our second rig at the San Antonio Project is now turning as we follow up on promising earlier drill results indicating the potential to discover a large porphyry system.”