Tiger Gold Closes Acquisition and Accelerates Drilling at Quinchia
Tiger acquires the Quinchía project and secures $21 million to fund a 22,000-metre drilling campaign.
Tiger Gold Corp. has closed its exclusive option to acquire 100% of the Quinchía and Andes Gold Projects in Colombia from LCL Resources Limited. The transaction coincides with the closing of an oversubscribed $21 million financing of special warrants, which the company will use to fund accelerated exploration activities.
Operations are currently ramping up, with more than 160 personnel on-site and three active drill rigs in operation. A 22,000-meter drill program is launching, with the goal of doubling the resource base by 2026. Key milestones include the release of a maiden Mineral Resource estimate for the Ceibal target in Q1 2027 and the initiation of Preliminary Feasibility Study (PFS) engineering in 2027.
Tiger Gold Corp. (TIGR) announced the closure of its acquisition and a $21 million financing, milestones previously upsized in May and June 2026. The market had already priced in these developments. The operational update confirms execution but introduces no new fundamental upside or unexpected catalysts. The news serves as a routine confirmation of management's stated plan to advance the Quinchía project toward a Preliminary Feasibility Study (PFS). The impact on the stock price is expected to be neutral to mildly positive, limited to covering the cost of capital and confirming drilling momentum.
Tiger Gold Corp. is an exploration and development company focused on the Quinchía Gold Project in Colombia's Mid-Cauca porphyry belt. The project encompasses the Miraflores, Tesorito, Dos Quebradas, and Ceibal targets. A Preliminary Economic Assessment completed in September 2025 outlines a base-case post-tax net present value of $534 million at $2,650/oz gold, with an internal rate of return of 21.3% and a 10.2-year mine life. The company is currently transitioning from exploration to resource definition and engineering studies.