# Collective Mining to Begin Drilling at Orion, a Newly Defined 2026 Target; Drilling at Victory Target to Follow in Q4-2026 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e Original source: https://money.tmx.com/en/quote/CNL/news/6167934242511237/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin Publisher: tmx Original announcement: 2026-09-03T10:30:00.000Z 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, Molybdenum - Document categories: Drill results, Other - Extracted: 2026-09-13 18:23:13 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Collective Mining has defined the Orion target at its Guayabales Project in Colombia, supported by strong gold and silver surface geochemistry. The company also announced a reinterpretation of the Victory target, identifying new porphyry-breccia potential, with drilling at Orion commencing immediately and Victory scheduled for Q4-2026. Reasoning: The announcement defines a new drill-ready target \(Orion\) with strong surface grades and provides a strategic reinterpretation of the Victory target, both of which advance the Guayabales project. - Positive factor: Strong surface geochemistry at new Orion target - Positive factor: Reinterpretation of Victory target suggests porphyry-breccia potential - Positive factor: QA/QC protocols and accredited lab \(ALS\) disclosed - Negative factor: Orion target is currently concealed by cover Facts used in scoring: 8 ## Classification and evidence **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: Release includes details on laboratory \(ALS\), sampling protocols, and QA/QC methods \(blanks, duplicates, standards\). Evidence · text > Blanks, duplicates, and certified reference standards are inserted into the sample stream **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 near the existing Apollo system. Evidence · text > defined the Orion target, located approximately one kilometer east of the Apollo system ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-0) Guayabales Project · gold #### Identity - Project: Guayabales Project - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL #### Geometry - Grade: 7.43 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Orion - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, duplicates, standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: 7.43 g/t gold in rock samples is a strong geochemical signal for a new target. - Positive factor: High-grade surface geochemistry Evidence · text > Gold in rock values up to 7.43 g/t #### Tags used in scoring **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: qaqc\_disclosed is 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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-1) Guayabales Project · silver #### Identity - Project: Guayabales Project - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL #### Geometry - Grade: 230 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Orion - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, duplicates, standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: 230 g/t silver in rock samples supports the prospectivity of the Orion target. - Positive factor: Strong silver geochemistry Evidence · text > Silver in rock values up to 230 g/t #### Tags used in scoring **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: qaqc\_disclosed is 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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-2) Guayabales Project · copper #### Identity - Project: Guayabales Project - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL #### Geometry - Grade: 0.26 - Grade Unit: % #### Classification - Sample Type: surface #### Location - Location: Orion - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, duplicates, standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: 0.26% copper in rock samples is a positive geochemical indicator. - Positive factor: Presence of copper in surface geochemistry Evidence · text > Copper in rock values up to 0.26% #### Tags used in scoring **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: qaqc\_disclosed is 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 ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-3) Guayabales Project · molybdenum #### Identity - Project: Guayabales Project - Commodity: molybdenum - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL #### Geometry - Grade: 85 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Orion - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, duplicates, standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-03T00:00:00.000Z Reasoning: 85 ppm molybdenum in rock samples adds to the polymetallic signature of the Orion target. - Positive factor: Presence of molybdenum in surface geochemistry Evidence · text > Molybdenum in rock values up to 85 ppm #### Tags used in scoring **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: qaqc\_disclosed is 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 ### VICW-1 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-4) an interpreted copper-gold porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-1 - Project: an interpreted copper-gold porphyry - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 2.95 - Grade Unit: g/t - Intercept: 5.85 m - From: 198.5 m - To: 204.35 m - Intercept Depth: 198.5 m #### Classification - Sample Type: drill - Group ID: VICW-1:198.5-204.35 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### 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 2022 re-stated in this release. - Positive factor: High-grade precious metal veining Evidence · text > 5.85 meters @ 2.95 g/t Au from 198.50 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 ### VICW-1 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-5) an interpreted copper-gold porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-1 - Project: an interpreted copper-gold porphyry - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 13.94 - Grade Unit: g/t - Intercept: 1 m - From: 261.4 m - To: 262.4 m - Intercept Depth: 261.4 m #### Classification - Sample Type: drill - Group ID: VICW-1:261.4-262.4 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### 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 high-grade intercept from 2022 re-stated. - Positive factor: Bonanza-style grade Evidence · text > 1.00 meter @ 13.94 g/t Au from 261.40 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 ### VICW-2 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-6) an interpreted copper-gold porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-2 - Project: an interpreted copper-gold porphyry - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 3.21 - Grade Unit: g/t - Intercept: 3.75 m - From: 64.95 m - To: 68.7 m - Intercept Depth: 64.95 m #### Classification - Sample Type: drill - Group ID: VICW-2:64.95-68.7 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### 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 2022 re-stated. - Positive factor: Precious metal veining Evidence · text > 3.75 meters @ 3.21 g/t Au from 64.95 meters #### Tags used in scoring **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: qaqc\_disclosed is 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 ### VICW-2 [Link to this fact](https://atlas-extractions.minestarters.com/news/collective-mining-to-begin-drilling-at-orion-a-newly-defined-2026-target-drillin--0c8af4ff-fb15-4445-81a7-82a6b600134e#fact-drill-facts-7) an interpreted copper-gold porphyry · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: VICW-2 - Project: an interpreted copper-gold porphyry - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL #### Geometry - Grade: 7.9 - Grade Unit: g/t - Intercept: 0.85 m - From: 307.75 m - To: 308.6 m - Intercept Depth: 307.75 m #### Classification - Sample Type: drill - Group ID: VICW-2:307.75-308.6 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### 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 high-grade intercept from 2022 re-stated. - Positive factor: High-grade precious metal veining Evidence · text > 0.85 meters @ 7.90 g/t Au from 307.75 meters #### Tags used in scoring **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: qaqc\_disclosed is 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.