Quimbaya finds 2 mineralized vein structures at Tahami
Executive Summary
- Quimbaya Gold Inc. announced the discovery of two new mineralized vein structures (Veins S and V) at its 100 %‑owned Tahami South project in Colombia, confirming Segovia‑style geology on its ground.
- Over 4,000 m of drilling have been completed, with mineralization intersected in eight of nine holes, prompting an extension of the Phase 1 program beyond its original scope.
- The company raised $874,665 from the exercise of stock options and warrants and granted 614,034 RSUs to senior management and directors, strengthening its treasury for a fully financed 2026 drill campaign.
Key Details
- Discovery Highlights
- Two distinct vein systems (Vein S and Vein V) identified across multiple drill platforms.
- Mineralization intersected in 8 of 9 drill holes, demonstrating strong structural continuity.
- Over 4,000 m drilled to date, exceeding the original Phase 1 target; program now extended for follow‑up drilling.
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Vein mineralogy includes quartz, barite, carbonate veining with sulfide assemblage (pyrite, chalcopyrite, galena, sphalerite).
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Geological Context
- Findings confirm that the Segovia district’s district‑scale gold‑bearing structures extend onto Quimbaya’s property.
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Project located adjacent to one of Colombia’s largest gold producers within a proven gold corridor.
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Assay Data Strategy
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Initial assays received for select holes; full assay release will occur after a critical mass of results is compiled to provide a balanced grade and continuity interpretation.
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Strategic Implications
- First technical validation of Quimbaya’s exploration thesis that district‑scale structures extend into underexplored ground.
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Provides clear vectors for systematic expansion drilling planned for 2026.
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Capital Strengthening (Second Half 2025)
- Warrant/Option Exercise: 2,169,164 common shares issued, gross proceeds of $874,665 (non‑dilutive capital).
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Equity Incentives: 614,034 restricted share units (RSUs) granted to senior management and board members under the company’s equity incentive plan.
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Qualified Person
- Ricardo Sierra, AusIMM – Vice President, Exploration – qualified person for the technical information disclosed.
Notable Quotes
“This is a milestone event for Quimbaya… they are not just promising results; they are proof that we’re on to a significant mineralized system…” – Alexandre P. Boivin, CEO
“These intercepts confirm that we are tapping into the same geological architecture that has made the Segovia district one of the most prolific gold producers in Latin America.” – Ricardo Sierra, VP Exploration