Collective Mining Ltd. has advanced the newly discovered Orion target to drill-ready status at its flagship Guayabales Project in Caldas, Colombia, with drilling expected to commence this week.

Exploration fieldwork at Orion has outlined a 350-meter by 300-meter mineralized footprint in an inlier of altered quartz diorite. Surface sampling returned gold values of up to 7.43 g/t, silver up to 230 g/t, copper up to 0.26%, and molybdenum up to 85 ppm, with mineralization remaining concealed beyond current mapped exposures by colluvial cover. The target sits within an interpreted structural intersection one kilometer east of the Apollo system and 300 meters east of the Plutus target.

The company has also completed a reinterpretation of previous 2022 diamond drilling data from the Victory target, generating new copper-gold-molybdenum porphyry-breccia and precious-metal vein targets scheduled for follow-up drilling in the fourth quarter of 2026. Historical drilling at Victory intersected high-grade precious-metal veining alongside higher-temperature potassic alteration, including K-feldspar-magnetite-quartz alteration with chalcopyrite and molybdenite in diorite porphyry.

At the Guayabales Project, the company completed a 1.8-kilometer access road in August 2026 to support ongoing preparation for the construction of an exploration adit scheduled to begin in Q4-2026, alongside regional district activity that included Outcrop Silver & Gold Corp. identifying a new high-grade ore shoot at its Santa Ana project on September 3, 2026.

“Our exploration team continues to demonstrate the significant prospectivity of the Guayabales Project. Orion is particularly compelling because of the combination of sheeted and stockwork veining, strong gold and silver surface geochemistry and a discrete magnetic anomaly all occurring within a favorable structural setting just one kilometer east of Apollo and 2 kilometers northwest of Aris Mining's Marmato mine. At Victory, a fresh review of our previous drilling and exploration data has also generated an important new porphyry-breccia target that we plan to test later this year.”

“With thirteen drill rigs now on site, a strong treasury and a favorable commodity price backdrop, the time is right to push hard in exploration by continuing to grow our flagship Apollo system, drilling the Trap system and testing earlier stage targets.”

— Ari Sussman, Executive Chairman

Collective Mining continues to advance its multi-target exploration pipeline across the district as it prepares for upcoming drilling at Victory and further underground development work.

Read the full announcement: Collective Mining to Begin Drilling at Orion, a Newly Defined 2026 Target; Drilling at Victory Target to Follow in Q4-2026