07:53 AM EDT, 10/20/2025 (MT Newswires) -- Collective Mining ( CNL ) traded 2.8% higher at last look Monday in NYSE American premarket trading as the company intersected significant visual mineralization in expansion drilling at the Guayabales and San Antonio projects in Colombia.

At Guayabales, Collective noted drill hole APC143-D1, which cut potentially significant Ramp Zone style mineralization at the deepest elevation (1,370 meters depth) drilled to date within the Apollo system. Assay results for holes drilled into the Ramp Zone are expected in the next four to six weeks.

Meanwhile, the company noted sheeted veinlet and porphyry style mineralization in drill hole SAC-24 at the Pound target within the San Antonio project. Assays are expected in November.

"We look forward to receiving assay results in the short term and are happy that two additional deep capacity rigs have been secured so we can expedite the drilling in 2026 at both the Ramp Zone and the San Antonio project," executive chairman Ari Sussman said.

Collective Mining ( CNL ) said it remains on track to complete its recently revised forecast of about 60,000 meters of drilling in 2025.