Drill Results Routine +

Tiger Gold Intersects 169.7 m at 0.9 g/t Au of Porphyry-Style Mineralization at Tesorito, Including 25 m at 2.2 g/t Au

Tiger Gold Confirms Porphyry Continuity at Tesorito, but Dilution and Capital Needs Remain Key Risks

By The Northwire Desk — AI Analysis Apr 16, 2026 · 04:01 TIGR · 0.82 Tiger Gold Corp.

Executive Summary

Most Recent Event: On April 16, 2026, Tiger Gold reported assay results from six drillholes at the Tesorito deposit within its Quinchía Gold Project in Colombia.
Key Intercept: Hole TSDH-78 returned 169.71 m @ 0.9 g/t Au, including 25 m @ 2.2 g/t Au and 206 ppm Mo.
Geological Context: Results confirm porphyry-style mineralization at depth and along the southeastern margin, associated with intrusive breccias and diorite pulses.
Program Status: Part of an ongoing 20,000-metre drill program utilizing three active diamond drill rigs across Quinchía (Tesorito, Ceibal, Dos Quebradas).
Recent Expansion: On April 14, the company accelerated drilling at Ceibal, increasing the initial program from 1,500m to 5,000m.
Historical Progression: This follows a series of positive drill results throughout Q1 and early Q2 2026 (Jan-April), including feeder zone discoveries in February and resource expansion vectors identified in March.

Material Impact

Validation of PEA Model: The intercepts reinforce the porphyry system assumptions underpinning the Preliminary Economic Assessment (PEA) which values the project at $534M NPV (base case). This reduces geological risk but does not immediately change valuation multiples without a resource update.
Incremental Nature: While high-grade, these results are part of an announced 20,000m program initiated in late 2025/early 2026. The market likely anticipated continued drilling success given the prior "Material - Positive" rating for similar February intercepts (e.g., TSDH-71 feeder zone).
Ceibal Expansion: The increase of the Ceibal program to 5,000m is a positive operational update that suggests management confidence in the target's potential to expand the resource base beyond Tesorito.
Risk Aversion View: As an exploration-stage company with no revenue, drill results are often priced in quickly unless they trigger a significant resource upgrade or financing event. The news confirms existing expectations rather than introducing a fundamentally new catalyst.

TIGR · Price

Company Overview

Company: Tiger Gold Corp (TSXV: TIGR, OTCQB: TGRGF).
Flagship Project: Quinchía Gold Project, Colombia (Mid-Cauca porphyry belt).
Key Deposits:
Miraflores: Measured + Indicated resource of 6.1 Mt @ 2.62 g/t Au (0.51 Moz). Underground potential.
Tesorito: Inferred resource of 104 Mt @ 0.47 g/t Au (1.57 Moz). Open-pit potential, currently undergoing infill drilling to upgrade status.
Dos Quebradas: Historical estimate (20.2 Mt @ 0.71 g/t Au), currently being verified with new drilling.
PEA Economics: Base case NPV $534M at $2,650/oz Au; IRR 21.3%. Upside case NPV $1.188B at $3,700/oz Au.

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