What's Happening?
Collective Mining is advancing its Ramp Zone discovery in Colombia towards a maiden mineral resource estimate, expected in the first half of 2027. The company is focusing on expanding the system at depth and along the margins of the Apollo breccia. Recent
drilling has revealed significant mineralization, with a notable intercept of 54.55 meters grading 7.04 g/t gold and 16 g/t silver. The company plans to drill up to 100,000 meters in 2026, marking its largest drilling campaign to date. Collective Mining is fully funded for the year, with plans to operate up to fourteen rigs by the end of the first quarter.
Why It's Important?
The advancement of the Ramp Zone discovery is crucial for Collective Mining as it aims to establish a significant resource base in Colombia. The potential maiden resource of 5-7 million ounces of gold could position the company as a major player in the region, attracting investment and enhancing its market valuation. The focus on high-grade mineralization and the expansion of the Apollo breccia system underscores the company's strategic approach to resource development. This development also highlights the broader industry trend of seeking new discoveries in underexplored regions to address long-term growth constraints faced by major producers.
What's Next?
Collective Mining plans to continue its extensive drilling program throughout 2026, with a focus on confirming and expanding the high-grade mineralization at the Ramp Zone. The company is also monitoring the political landscape in Colombia, with a new president expected to take office in August 2026. This political transition could impact mining regulations and investment climate in the country. As Collective Mining progresses towards its maiden resource estimate, it will likely engage with investors and stakeholders to secure additional funding and partnerships to support its exploration and development activities.
