Collective Mining Discovers Precious Metal-Rich Oxide Zone at Northern Apollo with 71.20m at 1.95 g/t Gold Equivalent from Surface

News provided by Collective Mining Ltd. May 20, 2026, 06:30 ET Share this article Share to X Share this article Share to X Assay results for seven diamond drill holes, including three new results announced in this release, have delineated a new and outcropping zone of oxidized gold and silver rich mineralization. Drilling and surface mapping have traced a continuous corridor of oxide gold-silver mineralization measuring approximately 700 meters in strike length by 200 meters width and up to 100 meters depth with assay results as follows: 71.20 m @ 1.95 g/t AuEq (0.75 g/t Au, 87 g/t Ag) from surface (APC-165, new) 56.00 m @ 1.42 g/t AuEq (0.30 g/t Au, 79 g/t Ag) from 12.80 m (APC-169D, new) 75.45 m @ 1.27 g/t AuEq (0.62 g/t Au, 47 g/t Ag) from 22.50 m (APC-100D, 2024) 21.00 m @ 2.14 g/t AuEq (0.82 g/t Au, 95 g/t Ag) from 91.30 m (APC-161D, new) 10.25 m @ 10.63 g/t AuEq (8.89 g/t Au, 142 g/t Ag) from 73.00 m (OLCC-4, 2022) Follow-up expansion drilling is underway, with fans of holes planned from multiple drill pads. MIAMI , May 20, 2026 /CNW/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL ) ("Collective" or the "Company") is pleased to announce the discovery of a zone of precious metal-rich oxidized mineralization in the northern portion of the Apollo target area ("Apollo").

The Apollo system anchors the Company's flagship Guayabales Project - a district-scale, multi-target and infrastructure-rich project in Caldas, Colombia. Continue Reading Figure 1: Plan View of the Apollo System Highlighting Drill Holes Announced in this Release (CNW Group/Collective Mining Ltd.) Figure 2: Plan View of the Guayabales Project Highlighting the Apollo System (CNW Group/Collective Mining Ltd.) Ari Sussman, Executive Chairman commented : "This discovery of a new oxidized zone at Northern Apollo is a f