Author: Couloir Research Team July 13, 2026
PLEASE REVIEW THE DISCLAIMER ON PAGE 8
Quimbaya has entered H2-2026 with two active drill programs across its district-scale Tahami Project. Drill testing of the Tahami Center Cu-Mo-Au porphyry system commenced in late May 2026, on schedule with the Company’s Q2-2026 commitment. This includes a minimum 5,000-metre diamond drill program across three priority targets, namely Robusta, Bourbon, and Arabic. The Company expects the first drill geological interpretation in Q3-2026, with initial geochemical assay results to follow
At Tahami South, newly completed IP/resistivity and magnetic surveys confirmed that the gold-bearing S and V vein systems extend beneath shallow cover, improving structural interpretation and refining targets for Phase 2 drilling (planned to begin in Q3-2026). Separately, Dr. Mark Cruise joined the Board and its Technical Committee, adding significant geological, operating and capital-markets expertise ahead of the Company’s first porphyry drill results.
Investment Highlights
- Quimbaya Gold Inc. (CSE: QIM) (the “Company”) is a junior exploration company with three projects in Antioquia Province, Colombia: Tahami, Berrio and Maitamac.
- Maiden drilling at Tahami Center underway: Drill testing of the Tahami Center Cu-Mo-Au porphyry system commenced in late May 2026, on schedule with the Q2-2026 commitment. The minimum 5,000-metre diamond drill program is structured across three priority targets — Robusta, Bourbon, and Arabic — testing the convergence of magnetic, radiometric, and geochemical anomalies at 200- 400 metres depth. First drill geological interpretation is expected in Q3-2026, with initial geochemical assays to follow.
- Ground geophysics confirms vein continuity at Tahami South: An integrated ground geophysical program (IP/resistivity and magnetics) confirmed that the gold-bearing S and V vein structures intersected in the maiden drill program continue beneath shallow cover. The survey also identified Segovia Batholith rocks, host to most of the district’s lode-gold deposits, supporting Quimbaya’s thesis that the Segovia gold camp extends onto its property. The integrated results improve targeting ahead of Phase 2 drilling (to commence in Q3-2026).
- We reiterate our BUY rating and adjust our price target to $1.40 (earlier $1.60). With two active drill programs set to deliver results through H2-2026, we see potential for re-rating.
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