11:58 AM EDT, 08/20/2025 (MT Newswires) -- (Updates shares.)

Collective Mining ( CNL ) on Wednesday released assay results from the Apollo System at the Guayabales project in Colombia.

Highlights of the results include 183.7 meters at 3.01 grams per tonne gold equivalent from 37.3 meters downhole; and 37.15 meters at 7.05 g/t gold equivalent from 118.1 meters downhole.

Drilling at the Apollo System is designed to outline and expand the shallow portion of gold-silver-copper-tungsten mineralization.

A second large-capacity diamond drill rig to test the Ramp Zone has arrived on site and is expected to begin operating within the next two weeks, the company said.

Collective Mining ( CNL ) expects to start intersecting the Ramp Zone in September with a goal of expanding the zone up to 300 meters along strike and below current drilling.

The company's shares at last look on Wednesday were up $0.52 to $14.59 on the Toronto Stock Exchange.

Price: 14.59, Change: +0.52, Percent Change: +3.70