Northwire Canada EditionThursday, November 12, 2026
Northwire
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Quimbaya Gold Announces that Dr. Stewart Redwood Provides Independent Confirmation of Porphyry Copper System at Tahami Center

QIM · Price

Executive Summary

  • Independent consulting geologist Dr. Stewart D. Redwood confirmed a large, open‑pit porphyry copper‑gold‑molybdenum system at the Tahami Center project (≈2.0 km × 1.4 km).
  • The discovery adds a “bonus” porphyry target to Quimbaya’s existing high‑grade Au‑Ag vein program, fundamentally changing the metallogenic model for the Segovia district.
  • Management plans to fast‑track exploration and commence maiden drilling of the porphyry target in Q2 2026, with additional geochemical and geophysical work slated for Q1 2026.

Key Details

  • Independent Confirmation: Dr. Redwood’s field examination (Nov 6‑8 2025) verified complete alteration zonation (potassic core → phyllic envelope → advanced argillic lithocap), characteristic of a textbook porphyry system.
  • System Size & Geometry: Approximately 2.0 km N‑S by 1.4 km E‑W; remains open in all directions.
  • Mineralogy at Surface: Visible chalcanthite, chalcopyrite, chalcocite, pyrite, molybdenite within granodiorite porphyry; strong magnetic anomaly coincident with the system.
  • Geochemical Anomalies: Channel sampling shows highly anomalous Cu, Au, Mo, Pb, and Zn values.
  • Exploration Recommendations: Fast‑track definition of drill targets for Q2 2026 maiden drilling of the porphyry target; continue channel and ridge‑and‑spur soil sampling with results to be released upon receipt.
  • Project Strategy:
  • Tahami South (Vein Targets): Ongoing high‑grade gold vein drilling, assay results pending – focus remains Q1 2026.
  • Tahami Center (Porphyry Target): Pre‑drill work in Q1 2026; maiden drilling scheduled for Q2 2026.
  • Upcoming Catalysts:
  • Q1 2026 – Geochemistry, soils sampling, and drill target definition at Tahami Center.
  • Q2 2026 – Maiden porphyry drilling at Tahimi Center.
  • Q1 2026 – Magnetic & IP ground geophysical survey at Tahimi South.
  • Q2 2026 – Second drilling program at Tahimi South.
  • Qualified Person: Dr. Stewart D. Redwood, BSc (Hons), PhD, FIMMM, FGS, NI 43‑101 Qualified Person, reviewed and approved all technical information.

Notable Quotes

  • Dr. Stewart D. Redwood: “Field observations confirm that it is a porphyry copper system… This discovery gives two different types of targets at Tahami – Au‑Ag veins and Cu‑Au‑Mo porphyry.”
  • Alexandre P. Boivin, President & CEO: “We now have a genuine porphyry copper‑gold‑molybdenum system at Tahami Center… We are mobilizing to execute Dr. Redwood’s recommended work program and expect drills turning in Q2 2026.”
Read the original news release →

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