Tiger Gold Drills 685 m @ 0.6 g/t Au from Surface and 568 m @ 0.6 g/t Au at Ceibal

Tiger Gold Corp. (TIGR) has released assay results for three diamond drill holes—CEDDH-011, 012, and 013—at the Ceibal target within its Quinchía Gold Project in Colombia. The drilling outlines a northwest-trending corridor with an apparent strike length of at least 300 m and a width of approximately 375 m.

Key intercepts from the program include:

• CEDDH-011: 685.35 m @ 0.6 g/t Au from surface, ending in mineralization; includes narrow higher-grade intervals up to 1.8 g/t Au.
• CEDDH-012: 568.4 m @ 0.6 g/t Au from 309.5 m downhole, extending the mineralized envelope to ~800 m below surface; hole ended in mineralization.
• CEDDH-013: 536 m @ 0.4 g/t Au from surface, plus a 28.05 m @ 0.4 g/t Au interval near the bottom; includes internal 1.2 g/t Au intervals.

Three additional holes, CEDDH-014, 015, and 016, are currently pending. These step-out holes extend up to 200 m and could potentially double the interpreted footprint. True widths remain unknown due to the early-stage nature of the exploration, and the mineralization is described as open to the northwest, southeast, and at depth.

Tiger Gold Corp. (TIGR) is an explorer with no production, relying on news flow to support its equity. The company’s Ceibal drilling program aims to support a maiden Mineral Resource estimate in Q1 2027.

Recent results confirm the continuity, thickness, and depth of a large low-grade porphyry gold system that could add substantial ounces to the existing resource base, which includes 1.57 moz Inferred at Tesorito and 0.51 moz M&I at Miraflores. However, the news is incremental, as historical Ceibal holes already demonstrated 500 m+ intervals at 0.4–0.5 g/t Au. Specific historical intercepts include CEDDH-010 reporting 437 m @ 0.5 g/t and 214 m @ 0.7 g/t. The latest 685 m @ 0.6 g/t represents an improvement in thickness but not a step-change in grade.

The market had already priced in a large Ceibal system, evidenced by the stock’s rise to $1.00 in May and subsequent decline as the excitement of the first Ceibal holes faded. The stock closed at $0.63 on July 22, near a multi-month low, suggesting the market was not eagerly anticipating a game-changing intercept. Given the pre-resource stage at Ceibal and the lack of a major grade surprise, the release reinforces the thesis but does not re-rate the equity on its own.

Tiger Gold Corp. (TSXV: TIGR) is a junior explorer focused on the Quinchía Gold Project in Colombia’s Mid-Cauca belt. The company’s existing resources include the Miraflores deposit, which holds 0.51 moz of measured and indicated gold, and the Tesorito deposit, containing 1.57 moz of inferred gold. A preliminary economic assessment effective in September 2025 calculated a post-tax net present value of US$534 million at a 5% discount rate and an internal rate of return of 21.3%, based on a gold price of US$2,650/oz. The study outlined a 10.2-year mine life and an all-in sustaining cost of US$1,340/oz.

Ceibal represents a high-priority target located 1 km south of Miraflores, characterized by an 800 m × 600 m gold-molybdenum soil anomaly, though no resource estimate currently exists. The Dos Quebradas property holds a historical gold estimate of 0.46 moz, which is not considered current.

In June 2026, the company closed a $21 million oversubscribed financing through the issuance of special warrants at $0.82 each. This capital raise provides funding for a 22,000-meter drill program scheduled to run through the first quarter of 2027. According to the latest quarterly statements for the period ending October 31, 2025, Tiger Gold reported no revenue and a net loss of $1.9 million for the quarter, with cash holdings of $3.8 million. While the recent financing has strengthened the company’s cash position, the burn rate is expected to remain high due to the deployment of multiple drilling rigs.