202618 releases
Quimbaya Gold Expands Tahami Land Position by 37% to 43,496 Hectares
Quimbaya Gold reports that ten new mineral applications covering 11,845.6 hectares have lifted its Tahami Project in Segovia, Antioquia, Colombia, to 43,496 hectares, an increase of about 37% from 31,650 hectares during 2026. The applications are recorded as current in the Colombian national mining cadastre but are not granted titles.
CorporateQuimbaya Gold Defines a Copper-Molybdenum Porphyry System at Tahami Center
All six holes of the first phase at Tahami Center, Segovia, Antioquia, Colombia, totaling 2,928 meters, intersected a copper-molybdenum porphyry system with geochemically anomalous but sub-economic grades, averaging 0.021% Cu and 31 ppm Mo below the oxide zone. TCDH-006 returned 526.95 meters at 0.041% Cu and 34.1 ppm Mo from 131.90 meters, including 98.70 meters at 0.062% Cu. Drilling at Tahami Center will pause for modelling while drilling continues at Tahami South, with stream sediment sampling and drone magnetic surveys starting Q1 2027.
Drill resultsQuimbaya Gold Appoints Peter Simeon to the Board of Directors and Enters into Agreement to Support Formalization of Artisanal Mining on Its Colombian Properties
Peter Simeon, a Gowling WLG (Canada) LLP partner in Toronto, was appointed to Quimbaya Gold's board effective October 6, 2026, replacing Pietro Solari, who stepped down the same date, leaving a five-member board. Simeon received 100,000 stock options exercisable at C$0.40 for five years, vesting fully on grant, and 100,000 restricted share units vesting over twelve months. The company also signed an agreement with Fenyx Commerce to formalize artisanal mining on its Colombian properties, giving Quimbaya a 10% net smelter return royalty for an initial fee of US$150,000; as directors and officers hold interests in Fenyx Commerce, it is a related party transaction under MI 61-101.
ManagementQuimbaya Gold Mobilizes Additional Drill Rig and Commences Phase 2 Drilling at Tahami South
A second diamond drill rig has been mobilized to the Tahami South silver-gold project in the Segovia district, Antioquia, Colombia, starting Phase 2 drilling of six holes from two platforms on the S and V vein systems, alongside ongoing drilling at the Tahami Center copper-molybdenum porphyry. Phase 1 comprised 5,320 metres in 12 holes and returned 13 intercepts above a 0.3 g/t AuEq cut-off, nine disclosed for the first time. Drilling should finish in Q4 2026, with assays expected in Q1 2027.
Drill resultsQuimbaya Gold Confirms Presence of a Copper-Molybdenum Porphyry System at Tahami Center
All six holes in the initial drill program at Tahami Center, part of the Tahami Project in Segovia, Antioquia, Colombia, intersected a copper-molybdenum porphyry system, with six holes totaling 2,927.9 meters completed of a planned 5,000 meters between 21 May and 17 August 2026. TCDH-006 showed potassic alteration from 96 meters to the end of hole at 658.85 meters, about 563 meters, including 150 meters of principal intramineral porphyry from 294 to 444.40 meters, with veinlet densities up to 50 to 60 per meter. Assays are pending, expected late September or October 2026; TCDH-007 is collared 410 meters northeast of TCDH-006 for a planned 300 meters.
Drill resultsQuimbaya Gold Grants Option to Sell Non-Core Berrio Project for Up to US$3.75 Million in Cash and Shares
An option agreement dated August 18, 2026 grants 37 Capital Inc. (CSE: JJJ) the exclusive right, exercisable within 12 months, to acquire 100% of the Berrio project in Puerto Berrío, Antioquia, Colombia for up to US$3.75 million in cash and shares. Consideration includes non-refundable deposits of US$100,000 and US$150,000, plus 7,600,000 purchaser shares (approximately 19.9%) at a deemed C$0.10 and the cash balance on closing. Berrio comprises concession contract No. 6822 (approximately 1,218.88 hectares) and five applications. First Tahami Center drill results are expected in Q3 2026.
AcquisitionQuimbaya Gold Identifies New Gold Target at Tahami Southeast; Rock Samples up to 59.4 g/t Au & 52.30 g/t Ag
A new gold target has been defined at Tahami Southeast in Colombia's Segovia Gold District, where selective grab and panel-grab samples from quartz vein sub-outcrops returned up to 59.4 g/t gold and 52.30 g/t silver, alongside an approximately 1 km x 1 km sericitic-alteration anomaly with gold in pan. Mapping and sampling to define drill targets is planned for the second half of 2026. The board also approved 1,300,000 stock options at C$0.40 for five years and 1,550,000 RSUs.
Drill resultsQuimbaya Gold Identifies New Gold Target at Tahami Southeast; Rock Samples up to 59.4 g/t Au & 52.30 g/t Ag
Grab and panel-grab rock samples from quartz vein sub-outcrops at the new Tahami Southeast target in Colombia's Segovia Gold District returned up to 59.4 g/t gold and 52.30 g/t silver, with an approximately 1 km by 1 km sericitic-alteration anomaly and gold in pan in surrounding drainages. It is the third target on Quimbaya's Tahami ground, after Tahami South and the Tahami Center Cu-Mo-Au porphyry, with mapping and sampling to define drill targets planned for the second half of 2026. The board also approved the grant of 1,300,000 stock options at C$0.40 for five years and 1,550,000 RSUs.
Drill resultsQuimbaya Gold Appoints Geologist and Mining Executive Dr. Mark Cruise to the Board of Directors
Dr. Mark Cruise, PGeo, ICD.D, was elected to Quimbaya Gold's board as a non-independent director at the June 23, 2026 Annual General Meeting and appointed to the Technical Committee, following his March 2026 engagement as Technical Adviser. Shareholders set the number of directors at five, elected all five nominees and approved MNP LLP as auditor. Drill testing of the Tahami Center porphyry copper-molybdenum-gold target in Antioquia, Colombia began in June 2026, with first geological interpretation expected in Q3 2026.
ManagementQuimbaya Gold: Geophysics Confirms Gold-Silver Vein Continuity at Tahami South
Ground geophysics (IP/resistivity and magnetics) at the Tahami South project in the Segovia Gold District, Antioquia, Colombia indicates the S and V vein systems intersected by maiden drilling continue beneath shallow cover, and resolved two lithological domains — a northwestern granodiorite porphyry and a southern sector of Jurassic Segovia Batholith intrusives. Maiden drilling returned 2.57 g/t Au and 378.1 g/t Ag over 0.9 m from 362.9 m in TSDH-003, and 0.77 g/t Au and 528 g/t Ag over 1.0 m from 462.65 m in TSDH-007. Phase 2 drilling is targeted to begin in Q3 2026.
Drill resultsQuimbaya Gold Starts Drilling at Tahami Center Porphyry System
Diamond drilling began in late May 2026 at the Tahami Center Cu-Mo-Au porphyry system in the Segovia district of Antioquia, Colombia. The minimum 5,000-metre program targets three areas — Robusta, Bourbon and Arabic — testing the convergence of magnetic, radiometric and geochemical anomalies at roughly 200 to 400 metres depth across a 2.4 by 1.3 km northwest-southeast corridor. Drilling will continue systematically, with updates as results are received.
Drill resultsQuimbaya Gold Completes Tahami Center Exploration Targets; Cu-Mo-Au Porphyry System Confirmed Ahead of Q2 Drill Testing
An integrated pre-drill program at Tahami Center in Segovia, Colombia has defined a 2.4 × 1.3 km Cu-Mo-Au corridor from 276 ridge-and-spur soil samples over 400 hectares (up to 930.90 ppm Cu, 77 ppm Mo, 387 ppb Au), with radiometric potassium zones overlapping a previously reported 3.1-kilometre magnetic corridor. Channel sampling at the El Diamante artisanal workings returned 1.35 m at 0.525% CuEq, including 0.8 m at 1.82% Cu and 1,047 ppm Mo (2.14% CuEq). Initial drilling targeting 200–400 metres depth is planned for Q2 2026.
Drill resultsQuimbaya Gold Expands Strategic Land Position in Segovia Gold District by 6,420 Hectares
New ANM mineral concession applications covering 6,420 hectares have been filed in the Segovia gold district, Antioquia, Colombia, comprising two contiguous blocks of 1,768 hectares (Placa 512350) and 4,652 hectares (Placa 512469), bringing Quimbaya's Antioquia land position to approximately 73,000 hectares. Data compilation over the new tenements will occur through 2026 within the existing exploration budget, ahead of a maiden drill program at the Tahami Center copper-gold-molybdenum porphyry target. The Company also granted 875,000 RSUs and 100,000 options at C$0.40, dated April 14, 2026.
CorporateQuimbaya Gold Appoints Dr. Mark Cruise as Technical Advisor
Dr. Mark Cruise, ICD.D, PGeo, has been appointed Technical Advisor to Quimbaya Gold, effective immediately. Cruise is an exploration geologist and mining executive with more than 30 years of experience in base, precious metal and critical mineral sectors, a former Anglo American base metal specialist, and holds a Doctorate in Geology from the University of Dublin, Trinity College. He will advise on exploration strategy and planning, resource development, and communication of technical results, as the Tahami Centre copper-gold project in Antioquia, Colombia advances.
ManagementQuimbaya Gold Expands Copper Porphyry Target to 3.1km After Airborne Geophysics Survey
Drone-based magnetic and radiometric surveys over approximately 800 hectares of the Tahami Center concession in Antioquia, Colombia have defined magnetic anomalies interpreted as a porphyry intrusive suite extending about 3.1 km by 1.3 km with a northwest-southeast orientation. Two subvertical high magnetization vector intensity zones dipping southeast coincide with mapped potassic alteration and anomalous Cu, Au and Mo geochemistry, while a MVI low matches a mapped lithocap. Drill pad locations for a maiden program are expected to be defined this month.
Drill resultsQuimbaya Gold Advances Multi-Target Exploration at Tahami Project, Segovia
Phase 1 drilling is complete at Tahami South on the 24,724 ha Tahami Project in Colombia's Segovia district, with assays received for all 12 holes, including final holes TSDH_009 to TSDH_012, which Quimbaya says confirm continuity of target vein structures at depth and along strike. Work is underway across Tahami South, Center and Southeast, with about 15,000 metres of drilling planned and roughly $12M in treasury. Red Cloud Financial Services was engaged for market awareness at $10,000 monthly for twelve months from January 12, 2026.
Drill resultsQuimbaya Gold Announces that Dr. Stewart Redwood Provides Independent Confirmation of Porphyry Copper System at Tahami Center
An independent site visit by consulting economic geologist Dr. Stewart D. Redwood on November 6-8, 2025 confirmed a porphyry copper-gold-molybdenum system at the Tahami Center project in the Segovia district, Antioquia, Colombia, measuring approximately 2.0 km north-south by 1.4 km east-west and open in all directions. Documented features include a potassic core with A/EB/B-type quartz veinlets, a phyllic envelope, an advanced argillic lithocap, anomalous Cu, Au, Mo, Pb and Zn channel samples, and a coincident magnetic anomaly. Pre-drill work is planned for Q1 2026 with maiden drilling in Q2 2026.
NewsQuimbaya Gold Reports High-Grade Silver and Gold at Tahami South Segovia District
Drilling at the Tahami South target on the 100%-owned Tahami Project in the Segovia-Remedios district of Antioquia, Colombia returned 1.0m @ 9.8 g/t AuEq (0.77 g/t Au, 528 g/t Ag) from 462.6m and 0.9m @ 9.0 g/t AuEq (2.57 g/t Au, 378.1 g/t Ag) from 362.9m in Vein S, plus 0.9m @ 3.0 g/t AuEq from 157.1m in Vein V. The Phase 1 program totalled 5,320 metres in 12 holes from seven platforms; assays for eight holes (4,033m) are in, with four holes (1,287m) pending. AuEq uses gold US$4,400/oz and silver US$75/oz.
Drill results
202524 releases
Quimbaya Gold Confirms Discovery of Two Mineralized Vein Structures at Tahami South, Colombia
Two mineralized vein systems, Vein S and Vein V, have been identified at the 100%-owned Tahami South Project in the Segovia-Remedios district of Antioquia, Colombia, with mineralization intersected in 8 of 9 drill holes. Over 4,000 metres have been drilled to date and the Phase 1 program has been extended; assays will be released once a critical mass of results is compiled. Warrant and option exercises in H2 2025 issued 2,169,164 shares for gross proceeds of C$874,665, and 614,034 RSUs were granted.
Drill resultsQuimbaya Gold Closes C$14.4 Million Bought Deal Financing
A bought deal private placement closed for gross proceeds of C$14,409,500, comprising 20,585,000 units at C$0.70 each including full exercise of the over-allotment option, with Stifel Canada as sole underwriter. Each unit includes one common share and half a warrant exercisable at C$1.00 for 36 months. Proceeds are intended for exploration, including drilling at the Tahami South project in Antioquia, Colombia, follow-up on regional copper-gold and gold targets, and working capital.
FinancingQuimbaya Gold Announces Upsize of Bought Deal Financing to $12.5 Million
A previously announced bought deal private placement has been upsized to 17,900,000 units at C$0.70 per unit for gross proceeds of C$12,530,000, with Stifel Canada as sole underwriter and bookrunner. Each unit includes one common share and half a warrant exercisable at C$1.00 for 36 months; the underwriter holds a 15% option for up to C$1,879,500 more. Proceeds will fund drilling at Tahami South, regional copper-gold and gold targets, and working capital, with closing expected around November 4, 2025.
FinancingQuimbaya Gold Expands Strategic Land Position at Tahami Project
Six new mineral concessions totaling 7,637 hectares have been claimed adjacent to the Tahami Project and Aris Mining properties in the Segovia gold district of Antioquia, Colombia, increasing Tahami's footprint from 17,087 to 24,724 hectares. The licenses are 510895 (4,147.91 ha), 511616 (363.73 ha), 511617 (703.01 ha), 511680 (43.95 ha), 511709 (764.03 ha) and 511874 (1,614.77 ha). Quimbaya will refine regional targeting and prioritize areas for follow-up work in Q4 2025.
NewsQuimbaya Gold Announces C$10 Million Bought Deal Financing
A bought deal private placement of 14,300,000 units at C$0.70 per unit for gross proceeds of C$10,010,000 has been agreed with Stifel Canada as sole underwriter and bookrunner, issued under the Listed Issuer Financing Exemption. Each unit comprises one common share and one-half warrant exercisable at C$1.00 for 36 months, with an underwriter option for up to an additional 15% of units for up to C$1,501,500. Closing is scheduled for about November 4, 2025, with proceeds directed to drilling at Tahami South, regional copper-gold and gold targets, and working capital.
FinancingQuimbaya Gold Identifies Key Structural Trends and Porphyry-Related Anomalies at Tahami Project
High-resolution airborne Lidar surveys have been completed over 1,530 hectares at the 100%-owned Tahami Center (800 hectares) and Tahami Southeast (730 hectares) zones in the Segovia region of Antioquia, Colombia. Interpretation at Tahami Center identified NW-SE and NE-SW structural trends and circular geomorphological anomalies, interpreted as possible intrusive porphyry centres, covering roughly 2 km x 1.7 km in the south and 1.2 km x 1.2 km in the north. Tahami Southeast data delivery is expected within two weeks. Juan Pablo Bayona was appointed to the Board.
Drill resultsQuimbaya Identifies Mineralized High-Sulfidation Porphyry System at Surface at Tahami
Surface mapping and sampling have defined a 2.0 km by 1.4 km Cu-Mo-Au porphyry-style target at the 100%-owned Tahami Center Project in Antioquia, Colombia, 2.5 km northeast of the Tahami South drill program. Work identified potassic, quartz-sericitic and advanced argillic alteration with A, M, EB, B and D veinlets, copper oxides, molybdenite, chalcocite and chalcopyrite, plus active artisanal gold workings. Preliminary rock channels returned 2.10 m at 0.12% Cu, 301 ppm Mo and 0.10 g/t Au; stream sediments up to 304.5 ppm Cu, 66 ppm Mo and 0.29 g/t Au.
Drill resultsQuimbaya Gold Mobilizes Second Drill Rig at Tahami South; Announces Marketing Agreements
A second drill rig has been mobilized to the Tahami South area of the 100%-owned Tahami Project in Antioquia, Colombia, to accelerate an ongoing 4,000 metre drill program after initial observations in the first holes. Quimbaya also entered three marketing and investor awareness agreements: CEO.CA Technologies for CAD 15,000 from September 1, 2025 to February 28, 2026; Spark Newswire for USD 75,000 (CAD 105,209) to November 30, 2025; and Northern Miner Group/EarthLabs Media for CAD 15,000 to December 31, 2025. All are cash-payable, and none hold Company securities.
Drill resultsQuimbaya Gold Starts Drilling at Tahami South, Testing Undrilled Gold System Beside Aris' Segovia Mine
A fully permitted 4,000-metre inaugural diamond drill campaign has begun at the 100%-owned Tahami South Project in Antioquia, Colombia, adjacent to Aris Mining's Segovia Mine, with drilling starting in early August 2025 and continuing through Q3 2025. Initial assay results are expected in Q4. The property has never been diamond drilled; surface sampling returned rock chip assays up to 11.21 g/t Au, panel rock assays up to 23.3 g/t Ag, and auger soils up to 59 ppb Au.
Drill resultsQuimbaya Gold Announces Termination of LOI with Denarius Metals
Denarius Metals Corp. has terminated the binding Letter of Intent announced on May 7, 2025, which contemplated a 50:50 joint venture to formalize artisanal mining at Quimbaya's Tahami Project in Colombia's Segovia District. Quimbaya retains 100% ownership of Tahami, including the drill-ready Tahami South, and plans to proceed with its funded 2025-2026 exploration program, including a 4,000-meter drill campaign at Tahami South. The company will continue pursuing alternative structures for artisanal mining formalization.
AcquisitionQuimbaya Gold Closes $4 Million Financing and Expands Executive Team
An upsized non-brokered private placement of 11,525,299 units at C$0.35 per unit closed for gross proceeds of $4,033,854, each unit including one share and one warrant exercisable at C$0.60 for 36 months to July 4, 2028. Proceeds will fund exploration including drilling at the Tahami South project in Antioquia, Colombia, and regional copper-gold and gold targets, plus working capital. Insiders subscribed for 435,714 units totalling $152,500. Sebastian Wahl was appointed Vice President, Business Development, and 1,730,000 RSUs and 1,655,000 options were granted.
FinancingQuimbaya Gold Doubles Private Placement to $4 Million on Back of Strategic $2M Commitment
A previously announced non-brokered private placement has been upsized from approximately $2,000,000 to $4,000,000 following a cornerstone investment from a strategic investor group, with no commissions payable on that investment. Up to 11,428,572 units will be sold at $0.35 per unit, each comprising one common share and one warrant exercisable at C$0.60 for 36 months, subject to a four-month and one-day hold. Closing is expected on or about June 27, 2025, with proceeds directed to exploration in Colombia, primarily the Tahami project in Segovia.
FinancingQuimbaya Gold Announces Strategic Private Placement of up to $2,000,000 Led by Co-Founder of Gran Colombia Gold, Serafino Iacono
A non-brokered private placement of up to 5,714,286 units at C$0.35 per unit for gross proceeds of up to approximately C$2,000,000 is planned, including a C$500,000 lead order from Serafino Iacono, co-founder of Gran Colombia Gold Corp. Each unit includes one common share and one warrant exercisable at C$0.60 for 36 months. Proceeds will fund general exploration and working capital, with closing expected on or about June 6, 2025, subject to regulatory approvals.
FinancingQuimbaya Gold Reports High-Grade Rock Samples up to 11.21 g/t Au and 23.3 g/t Ag at Tahami South, Colombia
Surface rock sampling at the Tahami South gold project in Antioquia, Colombia returned grades up to 11.21 g/t Au and 6 g/t Ag in grab samples, and 1.4 g/t Au with 23.3 g/t Ag in a panel sample, from 60 channel and grab samples across 144 hectares, with multiple samples exceeding 1 g/t Au. Samples also showed elevated arsenic, antimony, copper, lead, zinc and molybdenum up to 70 ppm. A maiden drill campaign is scheduled to begin in Q2 2025.
Drill resultsQuimbaya Gold and Denarius Metals Partner to Formalize Artisanal Mining at Tahami Project, Strengthening Long-Term Exploration Strategy
A binding letter of intent with Denarius Metals Corp. establishes a 50:50 joint venture to formalize existing small-scale mining operations at the Tahami Project in the Segovia Gold District of Antioquia, Colombia, with equal profit sharing and Denarius providing technical and financial support for miners to legalize production. Work will target Tahami South and Tahami North, focused on concessions SHO-08001, SE9-13331, LJQ-08001 and HHII-21. A definitive agreement remains subject to regulatory and corporate approvals. Quimbaya plans a 4,000-meter drilling campaign at Tahami South.
NewsQuimbaya Gold Announces Annual General Meeting Results and Board Changes
Shareholders approved all items of business at Quimbaya Gold's Annual General and Special Meeting held March 28, 2025, including election of directors, fixing the number of directors, appointment of the auditor, approval of the equity incentive plan, and continuation of the Company under the British Columbia Business Corporations Act. Sebastian Wahl, a co-founder and former VP of Corporate Development at Silver X Mining Corp., was elected as a new independent director. Mr. Bayona did not stand for re-election.
CorporateQuimbaya Gold Completes Final Payment on Four Tahami Contract Concessions and Announces Warrant Extension
Final payments have been made on four contract concessions totalling 1,624 hectares in the Tahami project area, Antioquia, Colombia, with the last payment amended from US$200,000 to US$135,000. The company is also extending 1,589,344 warrants by one year: 1,241,070 June Warrants to June 5, 2026 and 348,274 November Warrants to November 1, 2026, with the $0.75 exercise price unchanged. Insiders hold 42.6% of the June Warrants and 44.1% of the November Warrants; the extension requires final CSE approval.
CorporateQuimbaya Gold & Independence Drilling Secure 4,000m Drill Deal - 100% Share-Based Partnership
A first service order has been concluded for an initial 4,000-metre drilling campaign at the Tahami South property in Colombia's Segovia district, adjacent to Aris Mining's Segovia project, with the contract assigned to Elawa S.A.S. and consulting services provided by Palmer Assets Holding Corp. The approximately C$1.2 million cost will be paid 100% in units at $0.30, each comprising one share and one warrant exercisable at $0.40 for two years, held in escrow and released as drilling is completed. The Company also granted 900,000 options at $0.40 expiring in two years and 636,250 RSUs, and clarified its market making agreement is with Integral Wealth.
Drill resultsQuimbaya Gold Closes Final Tranche of Private Placement to Accelerate Next Growth Phase
A fourth and final tranche of the non-brokered private placement closed with 2,634,999 units at $0.30 per unit for gross proceeds of $790,500, bringing the four-tranche total to $2,793,104.30. Each unit includes one common share and one two-year warrant exercisable at $0.40; finders' fees of $42,080 cash and 140,267 finder's warrants are payable, and 200,000 units were issued to settle $60,000 of debt. Proceeds are primarily for exploration on the Colombian gold projects. Quimbaya also engaged Independent Trading Group as market maker at $6,500 per month, effective February 3, 2025.
FinancingQuimbaya Gold Closes Third Tranche and Upsizes Private Placement to $3 Million
A third tranche of Quimbaya Gold's non-brokered private placement closed with 3,135,800 units at $0.30 per unit for gross proceeds of $940,740, each unit including one common share and one two-year warrant exercisable at $0.40. The placement has been upsized to $3,000,000 on the same terms, expected to close on or before February 21, 2025. Finders' fees of $21,720 and 72,400 finder's warrants were paid, and 484,068 units were issued to settle $146,103.40 of debt. William DeJong stepped down from the Board and continues as advisor and counsel.
FinancingQuimbaya Gold Samples yield up to 5.86 g/t gold and 133 g/t silver at Tahami North
Rock sampling at the Tahami North project in Segovia, Colombia returned grades up to 5.86 g/t gold and 133 g/t silver along a newly identified 2 km trending vein system. The 2024 program collected 67 channel samples, 60 rock samples and 5 pan concentrates, with Salomon vein channel samples up to 3.31 g/t gold and 133 g/t silver, and pan concentrates up to 45.6 g/t gold. A 2025 follow-up program will target a 4.4 km potential mineralized trend.
Drill resultsQUIMBAYA GOLD LAUNCHES LIDAR SURVEY AT TAHAMI SOUTH GOLD PROJECT IN COLOMBIA
A LIDAR survey has begun at the Tahami South gold project in Segovia municipality, Antioquia, Colombia, covering a study area of 575.10 hectares to gather high-resolution geospatial data for topographic mapping and terrain analysis. The flight plan will be aligned E-W, as primary structural orientations in the area run NE-SW, NW-SE and N-S. The data will support interpretation of gold vein system corridors ahead of 4,000 metres of drilling planned for Q2.
Drill resultsQUIMBAYA GOLD APPOINTS RICARDO SIERRA AS VICE-PRESIDENT OF EXPLORATION
Ricardo Sierra, B.Sc., has been appointed Vice-President of Exploration of Quimbaya Gold, effective immediately. Sierra is a Colombia-based economic geologist with over 18 years of exploration experience in Colombia, Chile, Cuba and Brazil, previously serving as Exploration Superintendent at Continental Gold and Exploration Manager at Collective Mining. The company also entered a debt settlement agreement to issue 22,058 common shares at $0.34 per share to settle $7,500 of outstanding indebtedness, subject to a four-month hold period.
ManagementQUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE
Quimbaya Gold will participate in the 2025 Vancouver Resource Investment Conference in Vancouver on January 19-20, 2025, hosting attendees at Booth 704. The company plans to present its three claim packages in Antioquia, Colombia — the Tahami, Berrio and Maitamac projects — and outline its 2025 exploration plans. The conference draws over 9,000 investors and 300 investment opportunities in the mining sector.
Corporate
202417 releases
QUIMBAYA GOLD CLOSES PRIVATE PLACEMENT
A non-brokered private placement of 2,171,665 units at $0.30 per unit closed for gross proceeds of $651,500, with each unit comprising one common share and one warrant exercisable at $0.40 for two years. Directors Alexandre P. Boivin and Pietro JL Solari took 1,046,666 units as related parties. Proceeds will fund exploration and working capital, following a first closing of 653,332 units for $196,000 on December 11, 2024; the placement may be extended to 5 million units ($1,500,000).
FinancingQUIMBAYA GOLD CLOSES PRIVATE PLACEMENT, SHARES FOR DEBT TRANSACTIONS
A non-brokered private placement of 653,332 units at $0.30 per unit for gross proceeds of $196,000 has closed, with each unit comprising one common share and one two-year warrant exercisable at $0.40. Quimbaya Gold also issued 711,603 units to creditors to settle outstanding indebtedness of $213,481. Related parties received 66,667 units under the placement and 409,044 units under the debt settlement; all securities carry a four-month hold period. Net proceeds are for exploration and working capital.
FinancingQuimbaya Gold Inc. Announces Private Placement, Shares for Debt Transactions
A non-brokered private placement of 653,332 units at $0.30 per unit for gross proceeds of $196,000 is planned, each unit comprising one common share and one two-year warrant exercisable at $0.40, with proceeds for exploration and working capital. Debt settlement agreements will issue 711,602 units to creditors to settle $213,481.53 of indebtedness, with closing of both expected on or about December 11th, 2024. Quimbaya also granted 1,000,000 options at $0.40 and issued 1,550,000 RSUs.
FinancingQuimbaya Gold Inc. Announces Closing of Additional Private Placement and Grant of Equity Compensation
A tranche private placement has closed at $0.50 per unit for up to an aggregate of $348,273.72 (696,548 units), including traditional private placement funds and shares for debt/previous services, with each unit comprising one common share and one-half warrant exercisable at $0.75 for one year. A finder's fee of 43,680 finder's warrants at $0.75 is payable, and insiders participated. The Company also granted 500,000 stock options to directors, officers and consultants at $0.40, expiring in two years.
FinancingQuimbaya Gold Inc. Announces the Technical Evaluation of the Tahami South Veins System, Segovia, Colombia
A technical evaluation of the Tahami South gold project in Segovia, Colombia was completed in September 2024, covering regional airborne magnetometry processing, structural interpretation of the Digital Elevation Model, historical vein mineralisation review and property geochemical analysis. A LiDAR survey has begun over the full 800-hectare Tahami South area, while MMI soil sampling across a 2km x 0.7km area yielded 220 samples and 135 channel rock samples were collected. MMI results define Au-Ag-Cu-Pb-Zn anomalies along a 2.2 km northeast trend and a 1.3 km northwest corridor.
Study resultsQuimbaya Gold Inc. Announces Frankfurt Stock Exchange Listing
Common shares of Quimbaya Gold began trading on the Frankfurt Stock Exchange under the symbol K05, effective September 16, 2024. The shares also trade on the CSE as QIM and on the OTCQB as QIMGF. The company holds three projects in Antioquia, Colombia: Tahami (Segovia), Berrio (Puerto Berrio) and Maitamac (Abejorral).
CorporateQuimbaya Gold Inc. Strengthens Corporate Governance and Board Appointments
Quimbaya Gold's board has approved a set of corporate governance policies covering board responsibilities, committee structure, a code of conduct, shareholder rights and risk management, which will guide the Board of Directors and its committees, including the Management Committee and Audit Committee. Olivier Berthiaume, an accountant with over 12 years of experience with early-stage Canadian companies, was appointed a director effective immediately, and resource executive Terence Ortslan was appointed to the Advisory Board. Quimbaya holds the Tahami, Berrio and Maitamac projects in Antioquia, Colombia.
ManagementQuimbaya Gold Establishes Technical Advisory Board to Enhance Exploration of the Tahami Project in Segovia
Dr. Stewart D. Redwood, Nicolas Lopez Villegas and Juan Ricardo Sierra have been appointed to a newly formed Technical Advisory Board at Quimbaya Gold, which is preparing to drill its Tahami project in Segovia, Antioquia, Colombia. Redwood is a geological consultant with over 40 years of experience, Lopez Villegas has 28 years focused on Antioquia and is CEO of Mining Brain SAS, and Sierra has 18 years of exploration experience across Colombia, Chile, Cuba and Brazil.
ManagementQuimbaya Gold Announces Strategic Partnership for 100,000 Meters of Drilling
A 5-year drilling contract has been signed with Independence Drilling S.A. of Colombia covering 100,000 meters of drilling across Quimbaya Gold's properties in Antioquia, Colombia. Independence will take part payment in Quimbaya Gold shares, a first for the driller. The contract specifies drilling campaigns of a minimum 1,500 meters each, with drilling expected to begin in the third quarter of 2024, and the Company's exploration team is defining initial targets.
Drill resultsQuimbaya Gold Inc. Advances Strategic Growth with Proposed Acquisition of New Mining Title in Segovia, Colombia
A definitive agreement has been signed to acquire mining title SE9-13331, covering 252.7 hectares immediately northeast of Aris Mining's Segovia gold-silver operation in Antioquia, Colombia, adding to Quimbaya Gold's Tahami Project. Consideration totals USD $205,000, payable as USD $50,000 on signing, USD $75,000 before 31 May 2024 and USD $80,000 twelve months after signing, with the vendor retaining a 3% Net Smelter Return. Closing remains subject to CSE acceptance and other approvals.
AcquisitionQuimbaya Gold Inc. Announces Private Placement and Closing of First Tranche
A private placement of up to $3,000,000 (6,000,000 Units) at $0.50 per Unit is underway, with each Unit comprising one common share and one-half warrant exercisable at $0.75 for one year, subject to accelerated expiry if shares close at or above $1.00 for 10 consecutive trading days. A first tranche of 2,482,140 Units for $1,241,070 has closed, with insider participation. Proceeds will fund the Company's projects in Antioquia, Colombia, and general working capital; CSE approval is required.
FinancingQUIMBAYA GOLD INC. ACQUIRES NEW TITLES IN THE SEGOVIA REGION
Four new mining titles totalling approximately 1,624 hectares have been acquired in the Segovia region of Antioquia, Colombia, within less than 10km of Aris Mining's gold mining sites and forming part of the Tahami project. The titles are SH2-08001 (789.75 Ha), SH2-08002X (57.36 Ha), SID-09152X (64.70 Ha) and SHO-08001 (712.96 Ha), prospective for structurally controlled Au-Ag vein deposits. Consideration is USD $400,000, paid as USD $100,000 cash plus 274,000 shares at CA$0.50, then two USD $100,000 payments at six and twelve months, with the vendor, Mrs. Blanca Stella Frias, retaining a 3% NSR buyable for US$1,000,000.
AcquisitionQuimbaya Gold Inc. – New Directors and Chairman Appointment
Juan Pablo Bayona and Pietro JL Solari have been appointed directors of Quimbaya Gold effective 23 May 2024, with Bayona serving as Executive Chairman and head of the Audit Committee, and Solari as Corporate Secretary. CFO Olivier Berthiaume was named Corporate Treasurer, and a Management Committee comprising CEO Alexandre P. Boivin, Bayona and Solari was created. Directors Alexandre de Beaulieu and Jean-Luc Peyrot resigned and remain shareholders. Quimbaya holds the Tahami, Berrio and Maitamac projects in Antioquia, Colombia.
ManagementQuimbaya Gold Inc. Trades on the OTCQB Market in the United States and Initiates Private Placement
Quimbaya Gold's common shares have been accepted and qualified to trade on the OTCQB Venture Market in the United States under the symbol QIMGF, while continuing to trade on the CSE under QIM. The Company also initiated a private placement of units at $0.68 per Unit for gross proceeds of up to $2,025,000, each Unit comprising one common share and one warrant exercisable at $0.68 for three years. Proceeds will advance its Colombian exploration projects and general working capital; the placement is subject to CSE acceptance.
CorporateQuimbaya Gold Inc. Increases land position at Maitamac project, Colombia
Three exploration properties totalling 7,393 hectares (73.9 sq. km) have been secured adjacent to Quimbaya Gold's Maitamac project in the Abejorral-Sonsón area of Antioquia, Colombia, acquired through map staking from the Colombian government. Application 508257 (630.9 ha) lies in the southernmost portion of Maitamac, neighbouring Prudent Minerals' Purima gold mine, about 2km east of the Cauca-Romeral fault zone. Application 508600 (3,077.7 ha) includes part of the El Buey Stock, and application 508601 (3,684.6 ha) covers the northeast corner.
CorporateQuimbaya Gold Inc. Consolidates its Land Position (8,181 hectares) in Segovia-Remedios Mining District, Colombia
Four additional exploration properties totalling 8,181 hectares (81.8 sq. km) have been secured in Antioquia, Colombia, through map staking from the Colombian government. The claims — 508718 (4,444 Ha), 508598 (1,307 Ha), 508599 (171 Ha) and 508596 (2,259 Ha) — lie south and west of Quimbaya Gold's Tahami Project and adjacent to its other holdings in the Segovia-Remedios mining district. Claim 508596 sits on the El Nus fault, where the company now controls about 10 km of ground.
AcquisitionQuimbaya Shareholders Approve all Resolutions and Elects Mr. Juan Sanchez as a New Director
Shareholders approved all resolutions at Quimbaya Gold's annual general meeting held January 2, 2024, electing Alexandre P. Boivin, Alexandre de Beaulieu, Bill de Jong, Jean-Luc Peyrot and Juan Sanchez to the board. Sanchez joins as a new director, with 10 years of management experience in the mining sector and currently serving as Colombia Country Manager for Swiss trading company Open Mineral AG. Former director Chris Gulka departs after two years.
Corporate
202310 releases
Quimbaya Gold Inc. Closes Acquisition of Colombian Gold Projects
The acquisition of all issued and outstanding shares of Explogold Ingenieria y Consultoria S.A.S., Minera Buey Aures S.A.S. and Soluciones Ambientales Del Nordeste S.A.S. from Remandes Corporation S.A. has closed, for a US$100,000 deposit plus 10,000,000 Quimbaya common shares. The deal adds the Tahami Project in the Segovia-Remedios district of Antioquia, Colombia, comprising two titles over roughly 622 Ha plus applications totalling about 2,494.4 Ha, and the Maitamac Project, six mining applications covering approximately 26,102 Ha southwest of Medellín.
AcquisitionQUIMBAYA GOLD INC. ANNOUNCES EXERCISE OF STOCK OPTIONS
Stock options for a total of 257,145 common shares were exercised at C$0.35 per share for gross proceeds of C$90,000, representing about 1.45% of outstanding shares after issuance. The options were exercised by chairman Alexandre De Beaulieu, director Jean-Luc Peyrot and CEO and director Alexandre P. Boivin. Following the issuance, Quimbaya Gold will have 17,757,993 common shares outstanding, with directors and managers holding approximately 51% of the company.
FinancingQuimbaya Gold Inc. adds Additional Claim of 694 Ha in Segovia
An additional gold and silver claim covering 694 hectares, claim area 508312, has been secured in the municipality of Segovia, northeast of Medellín, in Antioquia, Colombia. The claim lies about 2 km from the easternmost area of Aris Mining's Segovia Project, where the Sandra K, Cogotes and Vera mines operate, and overlies Segovia Batholith rocks cut by the Vera and Matuna faults, with several gold-silver occurrences in NE and NS directions.
CorporateQUIMBAYA GOLD INC. CLOSES PRIVATE PLACEMENT FINANCING
A non-brokered private placement of 2,261,782 common shares at $0.45 per share has closed for gross proceeds of $1,017,799.70, subject to Canadian Securities Exchange acceptance, with a four month and one day hold period and no finder's fees. Proceeds will fund exploration and working capital. Directors Jean-Luc Peyrot, Alexandre P. Boivin and Alexandre Lambert de Beaulieu participated, making it a related party transaction exempt from minority approval and valuation requirements under MI 61-101. Quimbaya holds the Tahami, Berrio and Maitamac projects in Antioquia, Colombia.
FinancingQuimbaya Gold Inc. Announces Private Placement Financing
A non-brokered private placement of common shares at $0.45 per share for aggregate gross proceeds of up to $1,000,000 is planned, with the company reserving the right to increase the maximum amount. Closing is expected on or about July 17, 2023, subject to Canadian Securities Exchange acceptance, with a four-month-and-one-day hold period and a finder's fee of up to 8% of gross proceeds. Proceeds will fund exploration and working capital.
FinancingQuimbaya Gold Inc. Adds 2 Additional Claims of 3,310 Ha in Segovia
Two additional gold and silver claims totalling 3,310 hectares have been secured in the municipality of Segovia, northeast of Medellín, in Antioquia, Colombia: licence 507906 (223 Ha) and licence 507893 (3,087 Ha). Licence 507906 lies within the metamorphic rocks of the Cajamarca complex on the Palestina fault corridor, while licence 507893 is near the Serrania de San Lucas area along the El Bagre fault zone. The claims add to Quimbaya's existing Tahami, Berrio and Maitamac projects.
CorporateQuimbaya Gold Inc. Enters Into Definitive Agreements with Remandes Corporation S.A.
Three definitive share purchase agreements have been signed with Remandes Corporation S.A. to acquire all issued and outstanding shares of Explogold Ingenieria y Consultoria S.A.S., Minera Buey Aures S.A.S. and Soluciones Ambientales Del Nordeste S.A.S., adding the Tahami Project (two titles, approximately 622 Ha, Segovia-Remedios district) and Maitamac Project (six applications, approximately 26,102 Ha) in Antioquia, Colombia. Consideration is a US$100,000 deposit and 10,000,000 Quimbaya shares, with 2,000,000 held back pending transfer of certain mining applications and 24-month escrow. As Alexandre P.
Acquisition