Drill Results Routine +

Quimbaya Gold: Geophysics Confirms Gold-Silver Vein Continuity at Tahami South

Systematic de-risking of district-scale gold and porphyry targets in Colombia’s Segovia belt, but pre-revenue cash burn remains the primary overhang.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 07:31 QIM · 0.27 Quimbaya Gold Inc.

Executive Summary

Quimbaya Gold reports results from its maiden drill program and integrated ground geophysical survey at the Tahami South project.
Drilling successfully intersected targeted S and V vein systems, returning high-grade silver and gold intercepts (e.g., 2.57 g/t Au and 378.1 g/t Ag over 0.9 m; 0.77 g/t Au and 528 g/t Ag over 1.0 m).
Ground IP/resistivity and magnetics surveys delineate two distinct lithological domains and confirm that mineralized structures extend beneath shallow cover.
The integrated data sharpens geological targets for Phase 2 drilling scheduled to commence in Q3 2026.
AuEq calculations are based on spot prices of $4,360.33/oz for gold and $72.82/oz for silver, with assumed recoveries of 95% for Au and 90% for Ag.

Material Impact

The release confirms geological continuity and validates the high-grade intercepts initially reported in January 2026.
It provides a clear technical pathway for the next phase of drilling but does not introduce new discovery-scale metrics, resource estimates, or commercial production timelines.
The company remains in the pre-revenue exploration stage with no cash flow generation from operations.
The news is incremental to the ongoing systematic exploration program and aligns precisely with management's stated Q2/Q3 2026 drilling schedule.

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Company Overview

Quimbaya Gold Inc. is a pre-revenue exploration company focused on the Segovia Gold District in Antioquia, Colombia.
The company holds a ~73,000-hectare land package, including Tahami South (high-grade Au-Ag veins) and Tahami Center (Cu-Mo-Au porphyry system).
The project is strategically located adjacent to active producers Aris Mining and Soma Gold Corp.
Management employs a systematic, multi-target exploration strategy combining geophysics, geochemistry, and diamond drilling to de-risk district-scale mineralization.

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