Tiger Gold Mobilizes Third Drill Rig and Commences Drilling at Dos Quebradas
Executive Summary
- Tiger Gold Corp. mobilized a third diamond drill rig to the Dos Quebradas target at its Quinchía Gold Project, initiating an initial 1,000‑m Phase 1 drilling program.
- The company entered into a twelve‑month consulting agreement with Brisco Capital Partners for marketing and investor relations services, including option grants of 100,000 shares at $0.80 per share.
- An aggregate 2,270,000 restricted share units (RSUs) were granted to directors and officers under the Company’s Share Unit Plan.
Key Details
- Drilling Operations
- Third drill rig arrived onsite and began drilling at Dos Quebradas on a 1,000 m high‑priority program.
- Two additional rigs continue drilling at the Tesorito target; assays from recent holes are pending.
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Historical resource for Dos Quebradas (inferred) – 20.2 Mt @ 0.71 g/t Au (≈459 koz Au) based on 2011‑12 work, noted as historical and not verified.
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Project Context
- Quinchía Gold Project hosts Miraflores and Tesorito deposits with updated Mineral Resource estimates (effective 31 July 2025).
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PEA (effective 18 Sept 2025) shows base‑case post‑tax NPV (5%) of US$534 M, IRR 21.3%, payback 3.83 yr; upside case at $3,700/oz Au yields NPV $1.188 B, IRR 36.5%.
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Investor Relations Agreement
- Consulting agreement with Brisco Capital Partners Corp. for a twelve‑month term.
- Compensation: $100,000 payable in quarterly installments plus trade‑show attendance fees ($5,000 per day / $10,000 per week).
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Subject to TSX V exchange approval, Tiger will grant Brisco 100,000 stock options at $0.80/share, vesting quarterly over 12 months.
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RSU Grant
- 2,270,000 restricted share units granted to certain directors and officers.
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RSUs governed by the Company’s Share Unit Plan; subject to securities‑law hold periods and vesting provisions.
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Qualified Person
- Technical information reviewed and approved by Jeremy Link, M.Eng., P.Eng., Vice‑President Corporate Development (NI 43‑101 QP).
Notable Quotes
“Mobilising a third rig and commencing drilling at Dos Quebradas is a key step in executing upon our plan to expand drilling across the Quinchía Gold Project… we are well positioned to advance multiple high‑priority targets in parallel and to deliver regular news flow as results are received.” – Robert Vallis, President & CEO