Quimbaya Gold (CSE:QIM)

Quimbaya Gold Announces Strategic Partnership for 100,000 Meters of Drilling

Quimbaya Gold Inc. ("Quimbaya Gold" or the "Company") (CSE: QIM) (OTCQB: QIMGF) is excited to announce the signing of a 5-year drilling contract with Independence Drilling S.A. of Colombia ("Independence"). The contract involves completing 100,000 meters of drilling across Quimbaya Gold's properties. As a significant strategic partnership, which took nearly ten months to finalize, it underscores Quimbaya Gold's commitment to advancing its exploration activities and creating value for its shareholders.

Independence, a family-owned company, is highly reputable and the largest Colombian drilling company, with over 40 years of experience and a fleet of 47 rigs for oil & gas, mining, and water drilling. Independence has worked with major oil & gas and mining companies in Colombia, including Ecopetrol, South 32/Cerro Matoso, Glencore/Cerrejón, Zijin-Continental Gold, Oxy, Sierra Col Energy, Frontera Energy, Parex Resources, and NG Energy.

For the first time ever, in Independence Drilling's history, the company has accepted part payment in Quimbaya Gold shares, aligning its interest with Quimbaya's, reflecting their confidence in management, and ultimately proving their trust in successful discoveries and potential upside impact on the future value of Quimbaya Gold. The contract specifies the execution of drilling campaigns with a minimum of 1,500 meters each, with drilling expected to commence in the third quarter of 2024. Quimbaya's exploration team, consisting of over 20 professionals, is currently defining initial drilling targets, and the Company plans to announce the extension of the first campaign shortly, to be completed within this year.

This partnership brings more than just drilling expertise. Independence possesses an unparalleled understanding of the country's unique geological, social, and regulatory environment, building strong relationships with local communities. These attributes have been instrumental in the success of numerous major exploration projects. The contract is a significant achievement and will assist in Quimbaya Gold's effort to prove the potential existence of gold mineralization in its properties.

Alexandre P. Boivin, President and CEO of Quimbaya Gold, commented, "This partnership marks a significant milestone for Quimbaya Gold. Independence's deep-rooted presence in Colombia, coupled with their proven track record, provides us with a competitive advantage. By leveraging their expertise, we are well-positioned to accelerate our exploration efforts and unlock the full potential of our assets. Moreover, their willingness to share as investor, in our success, highlights the strategic nature of this alliance."

About Quimbaya Gold

Quimbaya aims to consolidate gold reserves through the exploration and acquisition of mining properties in Antioquia, Colombia. Managed by an experienced team in the mining sector, Quimbaya Gold is focused on three projects in the regions of Segovia (the Tahami Project), Puerto Berrio (the Berrio Project), and Abejorral (the Maitamac Project), all located in the Antioquia Province, Colombia.

Quimbaya Gold Inc.
follow on X @quimbayagoldinc
follow on LinkedIn @quimbayagold

Cautionary Statements

Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation the anticipated results or success of any drilling campaign; any future potential existence of gold mineralization in its properties; the amount the Company will drill; the satisfaction of the payment of the drilling contract and the issuance of compensation shares and cash. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "anticipates", or "plans" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF)to receive an Investor Presentation

QIM:CC
Quimbaya Gold

Quimbaya Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Quimbaya Gold (CSE:QIM)

Quimbaya Gold


Keep reading...Show less

Unlocking high-grade gold potential in Antioquia, Colombia’s premier mining district

Quimbaya Gold Starts Drilling at Tahami South, Testing Undrilled Gold System Beside Aris' Segovia Mine

Quimbaya Gold Starts Drilling at Tahami South, Testing Undrilled Gold System Beside Aris' Segovia Mine

The 4,000m drilling campaign aims to unlock district-scale potential by testing a possible extension of Aris' producing vein system in Colombia's premier high-grade gold corridor

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce the commencement of its inaugural diamond drill campaign at the 100%-owned Tahami South Project in Antioquia, Colombia. The fully permitted 4,000-meter program marks Quimbaya's transition from surface exploration to drill-testing in one of the country's most prolific gold-producing districts.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Announces Termination of LOI with Denarius Metals

Quimbaya Gold Announces Termination of LOI with Denarius Metals

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN 
THE UNITED STATES

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") announces that Denarius Metals Corp. has elected to terminate the binding Letter of Intent (the "LOI") previously announced on May 7, 2025. The LOI contemplated the formation of a 50:50 joint venture to advance the formalization of artisanal mining at Quimbaya's Tahami Project in the Segovia District of Colombia.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

Cornerstone investor brings proven regional track record; company now fully funded into 2026 for multi-project advancement in Colombia

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce the closing of its upsized non-brokered private placement of 11,525,299 units of the Company (each, a "Unit") at a price of C$0.35 per Unit for gross proceeds of $4,033,854 (the "Offering").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Doubles Private Placement to $4 Million on Back of Strategic $2M Commitment

Quimbaya Gold Doubles Private Placement to $4 Million on Back of Strategic $2M Commitment

Upsize driven by cornerstone investment from a strategic investor group with a strong conviction in Company's Colombian exploration focus

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Quimbaya Gold Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05), The Next Big Gold Discovery in Columbia, is pleased to announce that it will be participating in THE Mining Investment Event, Canada's Only Tier 1 Global Mining Investment Conference©, taking place June 3-5, 2025, at the Quebec Convention Centre, Quebec City, Canada.

Quimbaya Gold Inc.'s management will be available to meet with investors throughout the three-day conference.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver bars, upward trend arrow and "Weekly Editor's Picks" text on stock market backdrop.

Editor's Picks: Gold Price Breaks US$3,400, Silver Added to Draft US Critical Minerals List

The gold price was on the rise this week, breaking through US$3,400 per ounce once again.

It's been pushed higher by US dollar weakness, as well as Federal Reserve turmoil.

President Donald Trump has been pressuring Fed Chair Jerome Powell to cut interest rates for months, and on Monday (August 25) the situation developed further when Trump posted a letter on his social media platform Truth Social. In it, he said he was removing Lisa Cook from her position on the central bank's board of governors due to allegations of mortgage fraud.

Keep reading...Show less
Gold bars with text "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Trifecta Shines with 117 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its second-quarter gross domestic product (GDP) figures on Friday (August 29). The data showed that the Canadian economy shrank 0.4 percent in the second quarter and declined 1.6 percent on an annualized basis. The decrease comes following first-quarter gains of 0.5 percent and a 2 percent annualized increase.

Much of the decrease was attributed to a 7.5 percent drop in exports compared to Q1. Canadian exports had risen 1.4 percent in the first three months of the year as US companies increased imports to get ahead of incoming tariffs.Excluding the lower costs at the pumps, CPI remained steady at 2.5 percent, the same increase as May and June.

Keep reading...Show less
Earthwise Advertising & Investor Awareness Campaign

Earthwise Advertising & Investor Awareness Campaign

Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company) is pleased to announce ithas entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"). For the 12-month term of the agreement starting June 27,2025 and ending June 27, 2026.

INN will provide advertising on its website www.investingnews.com to increase awareness of the Company. The cost of the campaign is CAD $21.000. There is no other relationship between Earthwise and INN. INN does not provide investor relations or market-making services. INN is based in Vancouver, BC, and can be reached at 604-688-8231 or info@investingnews.com.

Keep reading...Show less
john hathaway, gold bars

John Hathaway: Gold Price Can Double, This Factor Isn't Priced In

John Hathaway, managing partner at Sprott (TSX:SII,NYSE:SII) and senior portfolio manager at Sprott Asset Management USA, shares his outlook for gold, including how high it could go.

"In my opinion, the gold price could more than double," he said.

Keep reading...Show less
Stack of shiny gold coins featuring a buffalo design on a wooden surface.

Navigating Uncertainty: How Trump's Tariffs Are Affecting the Gold Market

The gold price has been on the rise in 2025 as a slew of factors work in its favor.

Central bank buying has long been a key point of support, as has escalating conflict in the Middle East and elsewhere. A newer addition is tariff tensions as the Trump administration fleshes out trade policies.

The gold price has benefited from safe-haven demand amid the turmoil, but concerns that the yellow metal itself might face tariffs have also impacted the sector as industry insiders react to uncertainty.

Keep reading...Show less
Quimbaya Gold

Quimbaya Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×