Quimbaya continues to scale the Tahami project, expanding its land position to ~24,724 ha through six newly acquired mineral-concession applications. High-resolution LiDAR over the Center and Southeast zones has refined geological understanding, outlining NW-SE and NE-SW structural trends and porphyry-style circular anomalies that provide a clear roadmap for next-phase drill and soil programs. The strengthened footprint and more precise targeting materially enhance discovery potential across the broader project.
At Tahami South, the Company is executing a fully funded 4,000 meter maiden drill campaign designed to test an undrilled vein system adjacent to Aris Mining’s high-grade Segovia operations. Drilling now confirms two mineralized epithermal vein structures, Vein S and Vein V, with mineralization intersected in 8 of the 9 initial holes, validating the continuation of Segovia-style architecture onto Quimbaya ground. A second drill rig has been mobilized following encouraging early indications, enabling accelerated testing of multiple high-conviction epithermal targets. Recently completed C$14.4 million financing extends the cash runway, positioning Quimbaya to sustain drilling momentum and unlock meaningful value catalysts over the coming quarters.
- Quimbaya Gold Inc. (CSE: QIM) (the “Company”) is a junior exploration company with three projects in Antioquia Province, Colombia – Tahami, Berrio and Maitamac.
- Expanded footprint and LiDAR targets boost discovery potential: Quimbaya Gold strengthened the strategic scale of its Tahami Project by adding six new mineral-concession applications totalling ~7,637 ha, expanding the land package to ~24,724 ha. Recent high-resolution LiDAR surveying has outlined two dominant structural trends (NW-SE and NE-SW) and multiple porphyry-style circular anomalies across the Center and Southeast zones, sharpening targeting for future drill and soil programs. These results materially increase the project’s discovery potential.
- Drilling momentum at Tahami South: Quimbaya initiated its maiden 4,000 m drill program at Tahami South to test an undrilled gold-bearing vein system adjacent to Aris Mining’s Segovia operation. Drilling now confirms two mineralized epithermal vein structures, Vein S and Vein V, with mineralization intersected in 8 of the 9 initial holes. Additionally, a second rig is now mobilized to accelerate and expand the ongoing drill program, highlighting the Company’s confidence in the initial drill-ready targets and the potential for multiple additional intercepts as drilling advances.
- Financing strengthens cash runway: The C$14.4M financing completed in early November 2025 significantly strengthens the balance sheet, providing ample capital to support an expanded drill program at Tahami South, Tahami Central, and potentially fund further exploration and project development.
- We reiterate our BUY rating and update our price target to C$1.60. With gold prices at record levels, the Company’s upcoming drill program presents a promising opportunity.
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