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- Collective Mining advanced the new Orion target to drill-ready status after mapping a 350-by-300-metre mineralized footprint, with Victory drilling planned for the fourth quarter.
- Collective Mining advanced the newly defined Orion target at its Guayabales project in Colombia to drill-ready status and said drilling was scheduled to begin during the week of its September 3 update.
- Surface work outlined an approximately 350-by-300-metre altered and mineralized footprint about one kilometre east of the Apollo system. Rock samples returned values of up to 7.43 g/t gold, 230 g/t silver, 0.26% copper and 85 ppm molybdenum, according to the company.
The development
Collective Mining advanced the newly defined Orion target at its Guayabales project in Colombia to drill-ready status and said drilling was scheduled to begin during the week of its September 3 update.
Surface work outlined an approximately 350-by-300-metre altered and mineralized footprint about one kilometre east of the Apollo system. Rock samples returned values of up to 7.43 g/t gold, 230 g/t silver, 0.26% copper and 85 ppm molybdenum, according to the company.
Collective also reinterpreted 2022 drilling at the Victory target and defined a new copper-gold-molybdenum porphyry-breccia target. Both Orion and Victory coincide with discrete magnetic highs that the company interprets as possible intrusion sources at depth.
The company plans to drill Orion first and Victory in the fourth quarter. Management said 13 drill rigs were operating across Guayabales, where current work also includes expansion and follow-up drilling around Apollo and other targets.
Orion remains an early-stage target rather than a mineral resource. Surface samples and geophysical anomalies can guide drilling, but only subsurface results can establish geometry, grade continuity and whether the system has meaningful scale.
Why this matters
Orion adds a drill-ready satellite target close to Apollo, while Victory provides a second test of the broader intrusive system interpreted around Guayabales.
The combination of surface geochemistry, veining and magnetic response gives the company several coincident exploration vectors to test.
Industry and company context
Guayabales is a polymetallic exploration project in Caldas, Colombia, anchored by the Apollo gold-silver-copper-tungsten system.
Orion and Victory are earlier-stage targets and should be evaluated separately from mineralization already drilled at Apollo.
How to evaluate the update
The first Orion holes should be judged on alteration, mineralized widths and geological continuity rather than isolated peak assays.
At Victory, investors should watch whether drilling confirms the company’s revised porphyry-breccia interpretation below the surface expression.
Execution and risk considerations
Selective surface samples are not representative of average grade and may not predict the grade or width of subsurface mineralization.
Magnetic and geochemical anomalies can have non-economic geological explanations, and drilling may not produce a discovery.
What to watch next
- Initial Orion drill results and the number of holes completed.
- Mobilization and first drilling at Victory in the fourth quarter.
- Any evidence that either target connects to or differs materially from the Apollo system.
Cornerstone perspective
Collective is moving quickly from target generation to drilling, which shortens the time between geological interpretation and a direct test.
The value of this update will ultimately be determined by repeatable drill intersections, not the size of the surface footprint alone.
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