Tiger Gold Drills 79 m @ 0.8 g/t Au, Including 26 m @ 1.4 g/t Au, in 192- Metre Northwest Step-Out at Ceibal
Tiger’s Ceibal step-out extends the northwest corridor, though edge holes indicate narrowing and an ambiguous target zone.
Tiger Gold Corp. (TIGR) released drill results from the Ceibal target at its Quinchía Gold Project in Colombia on August 18, 2026. The company reported assay data for three step-out holes designed to expand the known mineralization.
CEDDH-014, located 192 meters northwest of CEDDH-013, returned the following intervals:
- 78.63 m @ 0.8 g/t Au from 204 m downhole, including 25.56 m @ 1.4 g/t Au from 232 m and 6 m @ 1.2 g/t Au from 220 m
- 86 m @ 0.5 g/t Au from 296 m, including 10 m @ 1.5 g/t Au from 326 m and 9.55 m @ 1.3 g/t Au from 308 m
- 10 m @ 0.3 g/t Au from 58 m
- 50 m @ 0.2 g/t Au from 106 m
CEDDH-016, situated 235 meters northwest of CEDDH-013, returned:
- 34 m @ 0.5 g/t Au from 10 m, including 6 m @ 2.1 g/t Au from 14 m
- Deeper narrow intervals averaging approximately 0.2 g/t Au
CEDDH-015, positioned 210 meters southeast of CEDDH-003, returned:
- 14 m @ 0.2 g/t Au from 74 m
The company noted that CEDDH-015 did not extend the corridor to the southeast and did not intersect porphyritic intrusive rock.
All reported intervals represent downhole core lengths, and true widths are unknown. The release discloses a cutoff of a minimum 10-meter interval at 0.2 g/t Au, allowing for up to 10 meters of internal dilution. Higher-grade intervals are reported over a minimum 5 meters at 1 g/t Au. No assays were capped.
Tiger Gold Corp. is targeting a maiden Mineral Resource estimate for Ceibal in the first quarter of 2027. The company is currently awaiting assay results from scissor holes CEDDH-020 and CEDDH-021, which were designed to resolve the geometry and dip of the deposit.
Tiger Gold Corp. (TIGR) is an explorer with an existing PEA-supported resource base at Miraflores and Tesorito, while Ceibal remains a pre-resource target. A step-out or discovery result at Ceibal can move the equity, but only if it proves scale and continuity.
The market context matters. On July 23, 2026, Tiger reported very long holes:
- CEDDH-011: 685.35 m @ 0.6 g/t Au
- CEDDH-012: 568.4 m @ 0.6 g/t Au
- CEDDH-013: 536 m @ 0.4 g/t Au
Management explicitly said it was eagerly awaiting CEDDH-014, CEDDH-015, and CEDDH-016 because they could “roughly double” the interpreted footprint.
The stock recovered from C$0.57 on July 21 to C$0.78 by August 17, a move of about 37%. Still, it remains below the May high of C$1.00.
The actual results are materially lower in gram-metres than the July anchor holes. CEDDH-014 is shorter, CEDDH-016 suggests a margin, and CEDDH-015 failed to extend the system southeast. That is a modest negative against the embedded expectation, but it does not destroy the Ceibal thesis because the system remains open to the southwest and at depth, and the scissor holes are still pending.
Tiger Gold Corp. is a TSX-V-listed gold explorer and developer focused on the Quinchía Gold Project in Colombia’s Mid-Cauca belt. The company recently closed an oversubscribed C$21 million financing and is currently running a multi-rig drill program across Ceibal, Tesorito, and Dos Quebradas.
Key resource figures from the provided disclosure include:
- Miraflores: about 0.51 moz Au in Measured and Indicated, high-grade underground-style resource
- Tesorito: about 1.57 moz Au in Inferred, open-pit bulk-tonnage resource at 0.47 g/t Au
- Dos Quebradas: historical inferred estimate of 459 koz Au at 0.71 g/t Au, not treated as current
Highlights from the Preliminary Economic Assessment (PEA) include:
- Base-case NPV at 5%: US$534 million
- IRR: 21.3%
- Mine life: 10.2 years
- Average annual production: 138 koz Au
- AISC: US$1,340/oz
- Initial capital: US$480 million