# Collective Mining Advances Guayabales Exploration Adit Toward Q4-2026 Construction; Underground Drilling at Trap to Commence in Q1-2027 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d Original source: https://money.tmx.com/en/quote/CNL/news/8612108008846860/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi Publisher: tmx Original announcement: 2026-08-18T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Collective Mining Ltd. - Ticker: CNL - Exchange: TSX - Region: Caldas, Colombia - Primary commodity: Gold - Secondary commodities: Silver, Copper, Tungsten - Document categories: Drill results, Other - Extracted: 2026-09-13 18:32:19 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Collective Mining has completed a 1.8-km access road and is on track to begin construction of an exploration adit at the Guayabales Project in Q4-2026. Underground drilling at the Trap East target is scheduled for Q1-2027 to test the Trap, Apollo, and Plutus systems. Reasoning: The announcement focuses on operational readiness and infrastructure milestones \(adit and road\) rather than new assay results, though it provides historical context for the Trap system. - Positive factor: Infrastructure progress \(access road completed\) - Positive factor: Permits in hand for adit construction - Positive factor: Clear timeline for underground exploration - Positive factor: Historical high-grade intercepts provided - Negative factor: Historical drill results are being re-released rather than new assays Facts used in scoring: 13 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: TRC-26 reports 234.15 g/t gold, which is exceptionally high. Evidence · text > 2.80 meters @ 234.15 g/t gold **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The release provides historical drill highlights from previous announcements rather than new assay results. Evidence · text > Previously announced drilling highlights demonstrated ## Extracted facts Stored fact records: 13. Some facts used in scoring do not have a stored record. ## Drill Results (13) ### TRC-7A [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-0) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-7A - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 1.1 - Grade Unit: g/t - Intercept: 632.25 m - From: 172.65 m - To: 804.9 m - Intercept Depth: 172.65 m #### Classification - Sample Type: drill - Group ID: TRC-7A:172.65-804.9 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Historical intercept showing broad continuity. - Positive factor: Broad continuous mineralization Evidence · text > 632.25 meters @ 1.10 g/t AuEq from 172.65 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-7A [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-1) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-7A - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 2.73 - Grade Unit: g/t - Intercept: 51.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: High-grade component of historical intercept TRC-7A. - Positive factor: High-grade sub-interval Evidence · text > including 51.50 meters @ 2.73 g/t AuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-7A [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-2) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-7A - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 2.41 - Grade Unit: g/t - Intercept: 46.35 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: High-grade component of historical intercept TRC-7A. - Positive factor: High-grade sub-interval Evidence · text > and 46.35 meters @ 2.41 g/t AuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-2 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-3) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-2 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 0.81 - Grade Unit: g/t - Intercept: 646 m - From: 19.5 m - To: 665.5 m - Intercept Depth: 19.5 m #### Classification - Sample Type: drill - Group ID: TRC-2:19.5-665.5 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Historical intercept showing broad continuity. - Positive factor: Large width Evidence · text > 646.00 meters @ 0.81 g/t AuEq from 19.50 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-2 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-4) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-2 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 1.01 - Grade Unit: g/t - Intercept: 301.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: High-grade component of historical intercept TRC-2. - Positive factor: High-grade sub-interval Evidence · text > including 301.50 meters @ 1.01 g/t AuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-11 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-5) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-11 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 1.19 - Grade Unit: g/t - Intercept: 174.45 m - From: 485.15 m - To: 659.6 m - Intercept Depth: 485.15 m #### Classification - Sample Type: drill - Group ID: TRC-11:485.15-659.6 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Historical intercept showing high-grade component. - Positive factor: High-grade sub-interval Evidence · text > 174.45 meters @ 1.19 g/t AuEq from 485.15 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-11 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-6) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-11 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 3.76 - Grade Unit: g/t - Intercept: 40.85 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: High-grade component of historical intercept TRC-11. - Positive factor: High-grade sub-interval Evidence · text > including 40.85 meters @ 3.76 g/t AuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-14 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-7) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-14 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 4.96 - Grade Unit: g/t - Intercept: 30 m - From: 11.85 m - To: 41.85 m - Intercept Depth: 11.85 m #### Classification - Sample Type: drill - Group ID: TRC-14:11.85-41.85 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Historical high-grade intercept. - Positive factor: High-grade intercept Evidence · text > 30.00 meters @ 4.96 g/t AuEq from 11.85 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-30 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-8) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-30 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 1.06 - Grade Unit: g/t - Intercept: 200.85 m - From: 4.55 m - To: 205.4 m - Intercept Depth: 4.55 m #### Classification - Sample Type: drill - Group ID: TRC-30:4.55-205.4 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Historical intercept showing high-grade component. - Positive factor: High-grade sub-interval Evidence · text > 200.85 meters @ 1.06 g/t AuEq from 4.55 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-30 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-9) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-30 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 4.01 - Grade Unit: g/t - Intercept: 40.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: High-grade component of historical intercept TRC-30. - Positive factor: High-grade sub-interval Evidence · text > including 40.50 meters @ 4.01 g/t AuEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-26 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-10) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-26 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 234.15 - Grade Unit: g/t - Intercept: 2.8 m - From: 122 m - To: 124.8 m - Intercept Depth: 122 m #### Classification - Sample Type: drill - Group ID: TRC-26:122-124.8 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Exceptionally high-grade gold intercept. - Positive factor: Bonanza Intercept Evidence · text > 2.80 meters @ 234.15 g/t gold from 122.00 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-26 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-11) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-26 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 816 - Grade Unit: g/t - Intercept: 0.8 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: Extremely high-grade sub-interval. - Positive factor: Bonanza Intercept Evidence · text > including 0.80 meters @ 816 g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### TRC-25 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-advances-guayabales-exploration-adit-toward-q4-2026-constructi--58216bf5-6669-4d9e-9803-8c702a7cd11d#fact-drill-facts-12) Guayabales · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: TRC-25 - Project: Guayabales - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 49.3 - Grade Unit: g/t - Intercept: 1.3 m - From: 18.15 m - To: 19.45 m - Intercept Depth: 18.15 m #### Classification - Sample Type: drill - Group ID: TRC-25:18.15-19.45 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: low\_confidence - Historical: Yes #### Dates - Event date: 2026-08-18T00:00:00.000Z Reasoning: High-grade gold intercept. - Positive factor: High-grade intercept Evidence · text > 1.30 meters @ 49.30 g/t gold from 18.15 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## 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.