Collective Mining Begins Drilling to Focus on the Near-Surface, Tungsten-Rich Area of Apollo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2025
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Should l Buy CNL?
Source: Newsfilter
Drilling Program Update: Collective Mining Ltd. is conducting a multi-hole drill program at the Apollo system in Colombia, targeting high-grade tungsten-rich zones, with drilling revealing continuous mineralization over 1,300 vertical meters.
Market Interest and Potential: The Apollo system, hosting Colombia's first hard rock tungsten discovery, has garnered significant interest from authorities due to high tungsten prices, currently at an all-time high of US$703 per metric tonne unit.
Financial Position and Future Plans: The company is well-funded with US$145 million in cash and plans to execute an aggressive drilling program in 2026, targeting up to 100,000 meters of additional drilling across its projects.
Company Background: Collective Mining, founded by the team behind Continental Gold Inc., focuses on gold, silver, copper, and tungsten exploration in Colombia, with its flagship project being the Guayabales Project anchored by the Apollo system.
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Analyst Views on CNL
Wall Street analysts forecast CNL stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 17.180
Low
14.40
Averages
15.76
High
16.50
Current: 17.180
Low
14.40
Averages
15.76
High
16.50
About CNL
Collective Mining Ltd. is a Canada-based gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia. The Company is principally engaged in the acquisition, exploration and development of mineral properties located in Colombia. The Company has options to acquire 100% interest in two projects located directly within a mining camp with 10 fully permitted and operating mines. The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the largescale, bulk-tonnage, and high-grade gold-silver-copper-tungsten Apollo system. The Guayabales Project is located in the Middle Cauca belt in the Department of Caldas, Colombia. Its San Antonio project is located 4 kilometers (km) east of the Guayabales project, adjacent to the Panamerican highway. The San Antonio project is located approximately 80 km south of Medellin. It is situated in the Middle Cauca belt in the Department of Caldas, Colombia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- High-Grade Mineralization: The newly discovered Hanging Wall Vein Zone exhibits rich gold and silver mineralization, which is expected to substantially increase the resource volume at the Apollo system, boosting the company's competitive position in Colombia.
- Technological Innovation: By implementing advanced drilling techniques within the Apollo system, Collective Mining not only improves mineral detection efficiency but also lays a solid foundation for future resource expansion, signaling a new growth phase for the company.
See More
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- Impressive Drilling Results: Drillhole TSDH-71 intersected 89.96 meters grading 0.9 g/t Au from 426 meters downhole, including a significant 16.9-meter interval that may indicate a potential feeder zone, supporting future resource growth.
- High-Grade Mineralization Characteristics: Within TSDH-71, the 16.9-meter interval averaged 2.3 g/t Au, 0.25% Cu, and 158 ppm Mo, with a notable 6-meter high-grade section reaching 4.1 g/t Au, indicating mineralization potential beyond current resource models.
- Ongoing Drilling Plans: The company continues drilling at Tesorito and Dos Quebradas, with TSDH-70 confirming continuity of mineralization at the eastern margin, intersecting 79 meters averaging 0.6 g/t Au, further enhancing confidence in the project.
- Clear Strategic Objectives: This drilling program aims to systematically test high-impact targets to drive future resource growth at the Quinchía Gold Project and lay the groundwork for a pre-feasibility study.
See More
Lake Victoria Gold Confirms High-Grade Gold at Tembo Project in Tanzania
- High-Grade Gold Discovery: Lake Victoria Gold has confirmed high-grade gold mineralization of up to 35.45 g/t at its Tembo Project in Tanzania, with results from eight active artisanal mining sites validating the area's exceptional mineral potential, which is expected to drive resource definition and enhance company valuation.
- Execution Transition: The company has signed a Letter of Intent with Nyati Resources to utilize a 500 tonne-per-day carbon-in-pulp processing plant, aiming to finalize a binding agreement by early 2026, thereby establishing a near-term production pathway for the Tembo project while minimizing capital expenditures.
- Drilling Program Advancement: A close-spaced drilling program at the Ngula 1 area of the Tembo project is set to commence in Q1 2026, targeting a strike length of 300-400 meters, with both historical drilling and recent artisanal sampling consistently showing high-grade results, further validating the economic potential of the deposit.
- Financial Backing: The company has secured financial stability through a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group, providing robust support for its transition from explorer to producer.
See More
Lake Victoria Gold Confirms High-Grade Gold at Tembo Project, Plans Production in 2026
- High-Grade Gold Discovery: Lake Victoria Gold has confirmed gold mineralization up to 35.45 g/t at its Tembo Project in Tanzania, validating priority drill targets ahead of a planned Q1 2026 drilling program, which is expected to enhance resource definition potential significantly.
- Strategic Partnership Advancement: Following a Letter of Intent with Nyati Resources, the company is shifting focus towards execution, planning to leverage existing infrastructure for processing, thereby reducing capital expenditures and accelerating the production timeline.
- Dual-Track Development Strategy: Lake Victoria Gold is concurrently advancing its Imwelo Gold Project, with recent drilling results demonstrating mineralization continuity beyond 250 meters, enhancing the project's economic appeal and laying the groundwork for future production.
- Funding Support Assurance: The company has secured financial stability through a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group, providing robust support for its transition from exploration to production.
See More
Collective Mining Expands Ramp Zone to 315 Meters with New Drill Results
- Zone Expansion: The drilling of Hole APC143-D2 has increased the mineralized envelope of the Ramp Zone to 315 meters along strike and 300 meters vertically, indicating that the area remains open in all directions, suggesting significant future mineral potential.
- High-Grade Mineralization: Located at the bottom of the Apollo system, approximately 1,000 meters above sea level, the Ramp Zone has outlined continuous mineralization from surface to over 1,400 vertical meters, highlighting the richness in gold, silver, copper, and tungsten resources.
- Project Significance: The Apollo system serves as the cornerstone of Collective Mining's flagship Guayabales Project, which is a district-scale, multi-target, and infrastructure-rich initiative, showcasing substantial development potential.
- Future Outlook: With the ongoing expansion of the Ramp Zone, Collective Mining's resource development prospects in Caldas, Colombia appear optimistic, likely attracting further investment and driving long-term growth for the company.
See More
Collective Mining Expands Ramp Zone to 315m, Significant Gold and Silver Intercepts Reported
- Zone Expansion: Drill hole APC143-D2 expands the Ramp Zone's mineralized envelope to 315 meters along strike and 300 meters vertically, indicating significant future growth potential that could drive major value for the company.
- High-Grade Intercepts: APC143-D2 intersected 63.90 meters of mineralization, including 24.80 meters at 29.42 g/t gold and 28 g/t silver, marking the highest-grade gold interval drilled to date in the Ramp Zone, enhancing the project's attractiveness.
- Accelerated Drilling Plans: The company is currently operating three deep-capacity diamond rigs at the Ramp Zone, with plans to add two more in mid-Q1 2026, aiming for up to 100,000 meters of drilling, ensuring ongoing project development.
- Strong Financial Position: With $135 million in cash as of December 1, 2025, the company is fully funded for its 2026 drilling program, demonstrating a robust financial foundation and capacity for expansion.
See More
Collective Mining Expands Apollo System by 450 Meters, Plans 100,000 Meters of Drilling in 2026
- Resource Expansion: Collective Mining has successfully expanded the Apollo system by 450 meters to a mineralized footprint of approximately 1,050 meters by 400 meters by 1,370 meters, significantly enhancing the project's resource potential and likely attracting increased investor interest.
- Drilling Campaign: The company plans to conduct up to 100,000 meters of drilling in 2026, leveraging its $135 million cash reserves to rapidly confirm resources in the newly discovered Hanging Wall Vein Zone, thereby enhancing the project's economic viability.
- High-Grade Mineralization: The newly discovered Hanging Wall Vein Zone exhibits rich gold and silver mineralization, which is expected to substantially increase the resource volume at the Apollo system, boosting the company's competitive position in Colombia.
- Technological Innovation: By implementing advanced drilling techniques within the Apollo system, Collective Mining not only improves mineral detection efficiency but also lays a solid foundation for future resource expansion, signaling a new growth phase for the company.
See More
