# 06:30 ET Collective Mining to Begin Drilling at Orion, a Newly Defined 2026 Target; Drilling at Victory Target to Follow in Q4-2026 Collective Mining Ltd. \(NASDAQ: CNL\) \(TSX: CNL\) \("Collective" or the "Company"\) is pleased to announce that generative exploration fieldwork and a... Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870 Original source: https://www.newswire.ca/news-releases/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drilling-at-victory-target-to-follow-in-q4-2026-878496518.html Publisher: cnw Original announcement: 2026-09-03T11:31:21.316Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Collective Mining Ltd. - Ticker: CNL - Exchange: Unavailable - Region: Caldas, Colombia - Primary commodity: Gold - Secondary commodities: Silver, Copper, Molybdenum - Document categories: Drill results, Other - Extracted: 2026-09-03 11:33:28 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Collective Mining has identified a new drill-ready target, Orion, at the Guayabales Project based on strong gold and silver surface geochemistry and magnetic anomalies. Additionally, a reinterpretation of historical drilling at the Victory target has identified a new copper-gold-molybdenum porphyry-breccia target, with drilling scheduled to commence at Orion this week and Victory in Q4-2026. Reasoning: The announcement defines a new drill-ready target \(Orion\) and provides a compelling reinterpretation of the Victory target, both supported by geochemistry and magnetics. - Positive factor: New drill-ready target \(Orion\) identified via surface geochemistry and magnetics - Positive factor: Reinterpretation of Victory target suggests new porphyry-breccia potential - Positive factor: Strong surface geochemistry at Orion \(up to 7.43 g/t Au, 230 g/t Ag\) - Positive factor: Historical high-grade intercepts at Victory \(up to 13.94 g/t Au\) support porphyry model - Negative factor: Orion target is currently concealed by debris and colluvial cover Facts used in scoring: 11 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The Orion target is a newly defined target located 1km east of the Apollo system. Evidence · text > Orion target, located approximately one kilometer east of the Apollo system **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release provides detailed technical information on sampling, assay methods, and laboratory accreditation. Evidence · text > ALS is an accredited laboratory which is independent of the Company. ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-0) gold #### Identity - Commodity: gold - Ticker: CNL #### Geometry - Grade: 7.43 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: Orion:surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Strong gold geochemistry identified during reconnaissance surface sampling at the new Orion target. - Positive factor: High-grade surface geochemistry - Negative factor: Surface sample only ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-1) gold #### Identity - Commodity: gold - Ticker: CNL #### Geometry - Grade: 4 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: Orion:soil #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Elevated gold values in soil support the Orion target's prospectivity. - Positive factor: Coincident soil anomaly ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-2) silver #### Identity - Commodity: silver - Ticker: CNL #### Geometry - Grade: 230 - Grade Unit: g/t #### Classification - Sample Type: surface - Group ID: Orion:surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: High-grade silver rock samples support the Orion target. - Positive factor: Strong silver geochemistry ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-3) copper #### Identity - Commodity: copper - Ticker: CNL #### Geometry - Grade: 0.26 - Grade Unit: % #### Classification - Sample Type: surface - Group ID: Orion:surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Copper values identified in surface rock samples at Orion. - Positive factor: Presence of copper geochemistry ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-4) molybdenum #### Identity - Commodity: molybdenum - Ticker: CNL #### Geometry - Grade: 85 - Grade Unit: ppm #### Classification - Sample Type: surface - Group ID: Orion:surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Molybdenum values identified in surface rock samples at Orion. - Positive factor: Presence of molybdenum geochemistry ### VICW-1 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-5) gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-1 - Commodity: gold - Ticker: CNL #### Geometry - Intercept: 5.85 m - From: 198.5 m - To: 204.35 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Historical intercept from VICW-1 supporting the Victory target reinterpretation. - Positive factor: High-grade precious metal veining - Negative factor: Historical data ### VICW-1 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-6) gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-1 - Commodity: gold - Ticker: CNL #### Geometry - Intercept: 1 m - From: 261.4 m - To: 262.4 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: High-grade historical intercept from VICW-1. - Positive factor: High-grade precious metal veining - Negative factor: Historical data ### VICW-2 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-7) gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-2 - Commodity: gold - Ticker: CNL #### Geometry - Intercept: 3.75 m - From: 64.95 m - To: 68.7 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Historical intercept from VICW-2 supporting the Victory target reinterpretation. - Positive factor: High-grade precious metal veining - Negative factor: Historical data ### VICW-2 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-8) gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-2 - Commodity: gold - Ticker: CNL #### Geometry - Intercept: 0.85 m - From: 307.75 m - To: 308.6 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: High-grade historical intercept from VICW-2. - Positive factor: High-grade precious metal veining - Negative factor: Historical data ### VICW-1 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-9) copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-1 - Commodity: copper - Ticker: CNL #### Geometry - Grade: 0.12 - Grade Unit: % #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Historical copper values in VICW-1 supporting the porphyry model. - Positive factor: Anomalous copper values - Negative factor: Historical data ### VICW-1 [Link to this fact](https://atlas-staging.minestarters.com/news/06-30-et-collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-targe--d0d6a1d2-da4b-4513-a188-7755b1725870#fact-drill-facts-10) molybdenum Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-1 - Commodity: molybdenum - Ticker: CNL #### Geometry - Grade: 180 - Grade Unit: ppm #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: Historical molybdenum values in VICW-1 supporting the porphyry model. - Positive factor: Anomalous molybdenum values - Negative factor: Historical data ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.