Quimbaya Gold is a Canadian-based exploration company dedicated to the acquisition, exploration, and development of mineral properties in Colombia. The company's strategic focus lies in three key projects located in the Antioquia Department: the Tahami Project in Segovia, the Berrio Project in Puerto Berrio, and the Maitamac Project in Abejorral. Collectively, these projects encompass approximately 59,000 hectares in one of Colombia's most prolific mining regions.
Recent Developments
In recent months, Quimbaya Gold has achieved significant milestones to bolster its exploration activities:
- Strategic Drilling Partnership: On March 3, 2025, Quimbaya Gold announced a partnership with Independence Drilling S.A. to commence an initial 4,000-meter drilling campaign at the Tahami South property. This collaboration is structured as a 100% share-based agreement, underscoring both parties' commitment to the project's potential.
- Successful Capital Raising: The company recently concluded the final tranche of a private placement, raising approximately $2.79 million. This funding enhances Quimbaya Gold's working capital, facilitating the acceleration of exploration efforts across its Colombian projects.
- Notable Sampling Results: On January 29, 2025, Quimbaya Gold reported promising rock sampling outcomes from the Tahami North area, with assays revealing up to 5.86 grams per tonne (g/t) of gold and 133 g/t of silver. These findings highlight the area's substantial mineralization potential.
- Technological Advancements in Exploration: The company initiated a LiDAR survey at the Tahami South Gold Project on January 23, 2025. This advanced remote sensing technology aims to provide detailed topographical data, aiding in the identification of new exploration targets and enhancing geological modeling.
- Leadership Enhancement: Strengthening its technical team, Quimbaya Gold appointed Ricardo Sierra as Vice-President of Exploration on January 20, 2025. Mr. Sierra brings extensive experience in Colombian geology, which is expected to drive the company's exploration strategies forward.
Through these strategic initiatives, Quimbaya Gold Inc. continues to advance its mission of uncovering and developing high-grade gold deposits in Colombia, reinforcing its position in the global mining sector.
