Drill Results Routine +

Tiger Gold Drills 120 m Step-out at Ceibal and Intersects 226 m @ 0.6 g/t Au, Including 10 m @ 3 g/t Au

Tiger Gold Expands Quinchía Footprint with Ceibal Step-Out Results, Dilution Risks Remain Elevated

By The Northwire Desk — AI Analysis May 13, 2026 · 09:29 TIGR · 0.97 Tiger Gold Corp.

Executive Summary

Latest Release (May 13, 2026): Tiger Gold reported drill results from hole CEDDH-009 at the Ceibal target. Intersected 226 m @ 0.6 g/t Au including 10 m @ 3.0 g/t Au hosted in magmatic breccia. This is part of an expanded 5,000-metre program (up from 1,500m announced April 14).
Recent History: Consistent positive exploration news flow throughout Q1 and Q2 2026 across three targets: Tesorito, Dos Quebradas, and Ceibal.
- May 5: Tesorito hole TSDH-80 intersected 305 m @ 0.5 g/t Au below the conceptual pit shell.
- April 21: Dos Quebradas initial drilling returned 282 m @ 0.6 g/t Au.
- April 14: Ceibal program expanded to 5,000 metres with two rigs active.
Transcript Discrepancy: The provided transcript context references "UP Fintech Holding Limited" (Tiger Brokers) financial results for 2025. This is inconsistent with the News Releases and Investor Presentation which describe Tiger Gold Corp., a gold mining company in Colombia. The transcript data regarding revenue, net income, and user base has been excluded from this analysis as it pertains to a different entity despite sharing the ticker symbol TIGR in certain markets.
Capital Events: January 2026 news mentions a $16.3 million financing completed prior to the current drill program.

Material Impact

Execution Confirmation: The May 13 Ceibal results confirm the execution of the April 14 expansion plan. Finding high-grade intervals (10 m @ 3.0 g/t Au) in a new target area validates the geochemical anomaly and geological model.
Incremental Value: While positive, the bulk grades (0.6 g/t Au) are lower than the Miraflores deposit (2.6+ g/t Au). This is exploration success but does not yet materially alter the PEA economics ($534M NPV) or resource estimates immediately.
Market Expectations: The market has been pricing in a steady flow of drill results since the TSX-V listing in December 2025. The Ceibal step-out is consistent with the "Phase 1" narrative rather than a sudden discovery that would warrant a "Game Changer" rating.
Risk Mitigation: Results extend mineralization below previous historical drilling (2021-2022), suggesting depth potential, which reduces the risk of the project being a shallow, low-grade system.

TIGR · Price

Company Overview

Company: Tiger Gold Corp. (TSXV: TIGR).
Flagship Project: Quinchía Gold Project, Colombia (Mid-Cauca gold belt).
Key Deposits:
- Miraflores: Measured + Indicated resource of 6.1 Mt @ 2.62 g/t Au (0.51 Moz). Underground potential.
- Tesorito: Inferred resource of 104 Mt @ 0.47 g/t Au (1.57 Moz). Open-pit potential, currently undergoing infill drilling to upgrade status.
- Dos Quebradas: Historical estimate (20.2 Mt @ 0.71 g/t Au), currently being verified via new drilling.
CEIBA Target: New high-priority target with geochemical anomaly (800m x 600m) showing porphyry-style mineralization.
PEA Economics: Base case NPV $534M, IRR 21.3%, Mine Life 10.2 years.

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