Northwire Canada EditionWednesday, November 11, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

Quimbaya Gold Advances Multi-Target Exploration at Tahami Project, Segovia

By The Northwire Desk — AI Analysis Feb 18, 2026 · 07:31 QIM · 0.375 Quimbaya Gold Inc.
QIM · Price

Executive Summary

  • Quimbaya Gold reports that its Phase 1 drilling program at the Tahami South target is complete, with assay results received for all 12 holes.
  • The company confirms a strong treasury of approximately $12 million, fully funding its 2026 exploration budget without needing near‑term financing.
  • A market‑awareness engagement with Red Cloud Financial Services has been initiated at $10,000 per month for twelve months to increase visibility of the project.

Key Details

  • Treasury: Approximately US$12 million on hand; fully funds 2026 exploration program – no additional financing required in the near term.
  • Exploration Targets (2026):
  • Tahami South: Ground IP & magnetic surveys ongoing; 3‑D modelling and geological interpretation in progress; new high‑priority drill targets being defined. Phase 1 drilling completed, all 12 holes (TSDH_001–TSDH_012) assayed.
  • Tahami Center: Recent surface sampling assays pending; drone magnetic and IP surveys advancing; drill‑ready targets under identification.
  • Tahami Southeast: Exploration campaign launched; systematic surface mapping and data consolidation underway.
  • Planned Drilling: Approximately 15,000 m of drilling slated for 2026 across the three target areas, guided by integrated geophysical, geochemical, and structural datasets.
  • Red Cloud Financial Services Engagement: Monthly fee of $10,000 (plus taxes) for a twelve‑month term starting 12 Jan 2026; Red Cloud provides market‑awareness services; no securities held by Red Cloud or its directors/officers.
  • Qualified Person: Ricardo Sierra, AusIMM, VP Exploration, reviewed and approved the technical content of this release.

Notable Quotes

“The setup is complete: district‑scale ground position, experienced boots on the ground, and strong treasury. Our next exploration steps will tell us what we have – we're ready to systematically test this system.” – Alexandre P. Boivin, President & CEO

Materiality Assessment: Non‑Material – Positive (operational progress and solid financing but no immediate impact on valuation).

Read the original news release →

More from Quimbaya Gold Inc.

Jun 25, 2026 · 07:31

Quimbaya Gold Appoints Geologist and Mining Executive Dr. Mark Cruise to the Board of Directors

Drill Results Jun 16, 2026 · 07:31

Systematic de-risking of district-scale gold and porphyry targets in Colombia’s Segovia belt, but pre-revenue cash burn remains the primary overhang.

Drill Results Jun 01, 2026 · 07:31

Quimbaya Gold Commences Drilling at Tahami Center Porphyry System Amidst Broader Sector Consolidation

Drill Results May 06, 2026 · 07:31

Quimbaya Gold Defines Porphyry Targets Ahead of Q2 Drilling; Stock Diverges from Positive Fundamentals

Drill Results Apr 15, 2026 · 07:31

Strategic Land Expansion in Segovia District

Production / Operations Mar 02, 2026 · 19:05

Quimbaya completes surveys covering Tahami Center

Drill Results