Quimbaya Gold’s strategic focus on Colombia offers a compelling opportunity for gold exploration in a prolific, yet underexplored region supported by a favorable permitting environment. The upside potential is worthy of examination by any savvy investor.
Quimbaya Gold (CSE:QIM) is a junior gold exploration company focused on its high-grade gold projects in Colombia. The company’s portfolio spans 59,057 hectares across three highly prospective regions in the Antioquia mining district. This region is responsible for approximately 50 percent of Colombia’s total gold production, equivalent to around 1 million ounces (Moz) annually.
Positioned right next to Aris Mining’s (TSX:ARIS) Segovia mine, Quimbaya leverages its proximity to established infrastructure and gold-rich geological formations. With Colombia being one of the most underexplored yet top mining jurisdictions in South America, Quimbaya’s projects are uniquely poised for significant discoveries.
Quimbaya’s projects benefit from Colombia’s favorable permitting environment, enabling faster transitions from discovery to production, compared to its global peers. Quimbaya’s strategy focuses on value creation through new discoveries and monetizing them via strategic transactions, including joint ventures and operational contracts.
Quimbaya has established a significant partnership with Independence Drilling, Colombia’s largest drilling company with over 40 years of experience. The agreement secures 100,000 meters of drilling over five years, with Independence Drilling accepting part of its payment in Quimbaya shares. This innovative structure demonstrates strong confidence in Quimbaya’s projects, ensuring cost-effective and efficient drilling operations.
The company’s management team brings extensive and deep expertise in exploration in Colombia, corporate finance and project development. Quimbaya trades on multiple exchanges: CSE (QIM), OTCQB (QIMGF), and FSE (K05).
The Tahami project is located in Segovia, Antioquia, adjacent to Aris Mining’s Segovia mine, one of the highest-grade gold mines in the world. Spanning 17,087 hectares, Tahami’s geology features mesothermal veins with multiple mineralization events underlain by Precambrian metamorphic rocks consolidated within the San Lucas Gneiss unit.
Several vein systems from Aris Mining’s Segovia project, including the Sandra K and El Silencio veins, extend towards Quimbaya’s tenements. Both the Sandra K and El Silencio veins align with structural orientations of known high-grade deposits. The project also boasts more than 25 historical artisanal mines, underscoring its prospectively.
Quimbaya’s exploration plan for Tahami involves leveraging advanced geochemical and geophysical surveys to generate drill targets. These efforts will be complemented by modern 3D geological modelling and an initial drilling campaign to test high-grade zones. The integration of historical data and cutting-edge technology positions Tahami as a prime asset for discovery. The initial drilling campaign is anticipated to commence by late Q2 of 2025 and will prioritize the high-grade targets identified in preliminary exploration work.
Located in Abejorral, Antioquia, 80 kilometers south of Medellín, the Maitamac project spans 33,223 hectares and offers excellent road access. This emerging gold metallogenic district features mesothermal veins and potential porphyry gold-copper systems.
Initial surface rock samples have reported gold grades of up to 3.2 g/t, with stream sediments revealing over 1 g/t gold. Identified as a promising district by the Colombian Geological Services, Maitamac is positioned alongside the past producing ABE project and structural corridor which has produced mined shoots averaging 26 g/t gold.
Alexandre Boivin is an entrepreneur with more than 10 years of experience in corporate finance and Colombian mining. Through his extensive experience in the mining industry, corporate finance, capital markets and business development, Boivin has been instrumental in managing and funding early-stage companies through a network of partners and investors immersed in the capital markets. Under his leadership, Quimbaya Gold has secured significant investments to advance its exploration projects. His commitment to the company's growth is further demonstrated by his substantial shareholding in Quimbaya Gold.
Olivier Berthiaume is an accountant with over 12 years of experience working with early-stage companies in the Canadian markets. He holds a Bachelor of Business Administration from HEC Montreal and specializes in private-to-public market transactions, compliance, corporate governance, and corporate growth strategies. Berthiaume has held various director and officer positions in junior mining companies.
Ricardo Sierra is a professional economic Geologist with over 18 years of exploration experience in Colombia-Chile-Cuba-Brazil in orogenic, mesothermal, porphyry type deposits, epithermal systems, and stratabound. Sierra started his career with ANGLO AMERICAN as an exploration geologist in greenfield and brownfield exploration, supervising diamond drilling on their Colombian properties. His knowledge in vein systems, critical in understanding mineralization processes, was honed while exploration superintendent with Continental Gold (now Zijin Mining Group) on their Buritica (Antioquia) deposit, also in their regional exploration (Choco, Nariño, Cauca, Antioquia). Sierra graduated in 2007 as a geologist from Universidad de Caldas (Colombia). He is a member of the Australian Institute of Mining and Metallurgy (MAusIMM) and is a qualified person (QP) as defined by National Instrument 43-101, also he is a Competent Person (CP) of Comision Colombiana de Recursos y Reservas Mineras (CCRR).
Stewart Redwood is a distinguished geological consultant with more than 40 years of experience in mineral exploration and economic geology, specializing in epithermal, porphyry and skarn deposits, particularly in Latin America and the Caribbean. His notable achievements include significant discoveries, including the San Cristobal silver-zinc deposit in Bolivia, the Romero gold-copper deposit in the Dominican Republic, and the Antamina copper-zinc project in Peru, recognized as the world's largest copper skarn deposit. Throughout his career, Redwood has held key positions in prominent mining and exploration companies, including as chief geologist Latin America for AngloGold Ashanti, founder president and CEO of GoldQuest Mining, and VP exploration of Colombia Goldfields (which merged with Gran Colombia Gold). He has been instrumental in the success of Gran Colombia Gold’s Marmato project (now owned by Aris Mining), currently an 8.8 Moz deposit in the construction stage.
A Colombian native, with over 28 years of experience focused in the mining district of Antioquia, currently the CEO of MINING BRAIN SAS, Nicolas Lopez, leads this consulting company advising on the implementation, development of sustainable mining projects all over Colombia. Prior to the establishment of his consultancy practice, Lopez spent 12 years as Colombia & Nicaragua's country manager for IAMGOLD, having devoted the previous 10 years with MINEROS SA as head of exploration & geology. Villegas played a pivotal role in major discoveries, including the first porphyry copper-gold deposit in the Colombian middle Cauca belt, known as Titiribi. a significantly rich gold-copper geological region. As a seasoned executive in gold exploration, Villegas holds a geology degree from Universidad de Caldas (Colombia), a Governance in Oil & Mining degree from Oxford University (UK) and he is a Qualified Person (QP).
Terence Ortslan is a seasoned resource executive with over 40 years of experience, having served in advisory capacities across the mining, metals, and fertilizer sectors. He provides guidance on investment and technical aspects of the industry, as well as strategic and policy advice tailored to mining companies. Additionally, Ortslan advises financial institutions on investment decisions, offers direction to international industry organizations, and consults with governments on fiscal and industrial regulations. He also supports universities in enhancing their educational standards and assists corporations with decision-making, boardroom leadership, shareholder value enhancement, and strengthening ES parameters. Ortslan holds a Bachelor of Engineering & Applied Geophysics and an MBA from McGill University.
Unlocking high-grade gold potential in Antioquia, Colombia’s premier mining district
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
Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that it has upsized its previously announced non-brokered private placement financing from approximately $2,000,000 to $4,000,000 (the "Offering"), following a cornerstone investment from a strategic investor group with a long-term vision for Quimbaya Gold. No commissions are payable in connection with this strategic investment.
The Company views this as a meaningful endorsement of its regional-scale exploration strategy in Colombia and the progress made to date across its flagship Tahami project. The private placement is expected to close on or about June 27, 2025, and remains subject to customary closing conditions and regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period in accordance with applicable securities laws.
"To see this level of conviction from a well-informed, long-term strategic investor Group with an impressive track record in the industry speaks volumes," said Alexandre P. Boivin, President & CEO of Quimbaya Gold. "We've always believed in the strength of our portfolio, and this capital not only enhances our flexibility, it accelerates our ability to demonstrate that potential with our upcoming drilling campaign"
Up to 11,428,572 units of the Company (each, a "Unit") may be sold by the Company, pursuant to the upsized Offering, at a price of $0.35 per Unit for aggregate gross proceeds of up to approximately $4,000,000. Each Unit will be comprised of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months from the issuance date of the Offering. Proceeds from the financing will be used to advance exploration on Quimbaya's 100% controlled gold assets in Colombia, most importantly the Tahami project in Segovia, adjacent to Aris Mining, and for general working capital purposes.
The Company appreciates the strong interest shown by new and existing shareholders and looks forward to sharing a more detailed operational update in the near future.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful.
About the Tahami South Project
Tahami South is a 2,023 hectares gold exploration project located in the Segovia Zaragoza mining district of Antioquia, Colombia, one of the country's most prolific gold belts. The project lies just northeast of Aris Mining's Segovia operation and is centered on a structural corridor known to host high-grade epithermal vein systems. Quimbaya Gold is advancing Tahami South as a high-priority asset with potential for district-scale discovery.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Jason Frame, Manager of Communications jason.frame@quimbayagold.com, +1-647-576-7135
Quimbaya Gold Inc.
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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. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements herein include statements and information regarding the Offering, including its timing, intended closing date, intended use of proceeds and intended gross proceeds, any expected issuance of the Units or the Shares and Warrants which comprise them, a commitment by any person to purchase Units pursuant to the Offering, receipt by the Company of any applicable regulatory approval, the future plans for the Company, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company's properties and any results thereof, the strength of the Company's mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company's, including Tahami South, the aims and goals of the Company, and other forward-looking information. 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. These assumptions include, but are not limited to, that the Offering as described herein will close on terms materially similar to the terms described herein. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company's mineral properties; an inability to finance the Company; obtaining required permitting on the Company's mineral properties in a timely manner; any adverse changes to the planned operations of the Company's mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company's projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company's ability to comply with environmental, health and safety laws. 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.
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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.
"We are particularly excited about the global audience that THE Event has attracted, showcasing the best of international mining in Canada. This is a unique chance to engage with industry leaders and innovators, facilitating discussions that will shape the future of our sector. We look forward to seeing many of you there and exploring the possibilities that await us at this prestigious gathering."
Information regarding THE Event, including investor registration details, a list of participating companies, panelists and keynote speakers, as well as a preliminary agenda, can be found at https://www.themininginvestmentevent.com/.
About Quimbaya Gold Inc.
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
THE Event is by invitation only - Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca
About: THE Mining Investment Event—Canada's Only Tier 1 Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector.
THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation through its unique Student Sponsorship and SHE-Co Initiatives.
Jason Frame
Manager of Communications
1-647-576-7135
jason.frame@quimbayagold.com
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Strategic financing deepens alignment with industry leader as Quimbaya advances drill-ready Colombian gold portfolio
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 5,714,286 units of the Company (each, a "Unit"), at a price of C$0.35 per Unit, to raise gross proceeds of up to approximately C$2,000,000 (the "Offering"), including a lead order of C$500,000 from Mr. Serafino Iacono, an influential figure in Colombian mining, Co-founder of Gran Colombia Gold Corp. (now Aris Mining Corporation) and Executive Chairman of Denarius Metals Corp.
Each Unit will be comprised of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months from the issuance date of the Offering. The remaining Units issued under the Offering will be limited to other strategic investors with deep experience in Latin American exploration and project development.
"Seeing our hard work over the past few years recognized by industry leaders like Serafino Iacono is a real validation of our strategy and our assets," said Alexandre P. Boivin, CEO of Quimbaya Gold. "With strong exploration results, a drill-ready portfolio, and the right people around the table, we're incredibly excited about what lies ahead, especially as we prepare to kick off drilling at Tahami South. This is a pivotal moment for Quimbaya, and we're just getting started."
Strategic Alignment and Validation
The participation of Mr. Iacono, who played a pivotal role in the revival of the Colombian gold sector, signals high conviction in Quimbaya's assets and leadership. His investment marks a strong endorsement of the Company's solid Portfolio and in particular its drill-ready Tahami Project in the Middle Cauca Belt, one of Colombia's most prolific gold districts.
"I believe Quimbaya is uniquely positioned at the intersection of geology, timing, and leadership. The team is aligned, the land is exceptional, and in this rising gold environment the moment is now," said Mr. Iacono. "I'm excited to support a company that understands what it takes to build a real gold story in Colombia."
The net proceeds raised from the sale of the Units will be used for general exploration expenses and for general working capital purposes. Completion of the Offering is subject to applicable regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period in accordance with applicable securities laws. The Offering is expected to close on or about June 6th 2025.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Jason Frame, Manager of Communications jason.frame@quimbayagold.com +1-647-576-7135
Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
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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. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements herein include statements and information regarding the Offering, including its timing, intended closing date, intended use of proceeds and intended gross proceeds, any expected issuance of the Units or the Shares and Warrants which comprise them, a commitment by any person to purchase Units pursuant to the Offering, receipt by the Company of any applicable regulatory approval, the future plans for the Company, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company's properties and any results thereof, the strength of the Company's mineral property portfolio, aims and goals of the Company, and other forward-looking information. 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. These assumptions include, but are not limited to, that the Offering as described herein will close on terms materially similar to the terms described herein. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company's mineral properties; an inability to finance the Company; obtaining required permitting on the Company's mineral properties in a timely manner; any adverse changes to the planned operations of the Company's mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company's projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company's ability to comply with environmental, health and safety laws. 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 CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release
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Early-stage exploration results align with proven discovery model in the Segovia district.
Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce initial results from the recently initiated field programs at its Tahami South Gold Project in Antioquia, Colombia. Current work includes detailed geological mapping, rock channel sampling, stream sediment surveys, and soil sampling, all designed to refine and prioritize targets ahead of the Company's maiden drill campaign scheduled to commence in Q2 2025 (Figure 1).
The Tahami South Project is located within one of Colombia's most prolific gold-producing regions, the Segovia-Zaragoza belt and sits just 1.8 kilometres northeast of Aris Mining's flagship Segovia operation, which contains over 13.8 million ounces of gold, and continues to host one of the country's most robust resource bases (Historical production 7,962 Moz, M &I resources 3,629 Moz, inferred resource 1,823 Moz; Wilson & Redwood, 2010; De Marc et al., 2023).
Recent surface exploration by Quimbaya Gold has further validated the geological prospectivity of the area, returning high-grade gold values up to Au@ 11.21 g/t & Ag@ 6 g/t for grab rock, and Au@ 1.4 g/t & Ag@ 23.3 g/t for panel rock sample, supported by classic epithermal pathfinder geochemistry and strong structural control (figure 2). Together, these results align closely with known mineralization styles in the district and provide a robust technical foundation for the Company's upcoming drill campaign in Q2 2025 - an initiative aimed at unlocking a potentially significant high-grade vein system along this underexplored extension of the Segovia trend.
Key Technical Highlights
Surface rock sampling at Tahami South returned high-grade gold values up to 11.21 g/t Au, with multiple samples exceeding 1 g/t, supporting the company's thesis of a robust precious metal system at surface. These results were generated from 60 channel and grab samples across 144 hectares of jungle-covered terrain - an early-stage success that underscores the potential of the target area.
In addition to strong gold values, the geochemical suite includes consistently elevated levels of key pathfinder elements such as arsenic (As), antimony (Sb), copper (Cu), lead (Pb), and zinc (Zn) - all characteristic of epithermal to intermediate sulfidation systems found along the Segovia-Zaragoza trend. Select samples also returned anomalous Molybdenum values up to Mo@ 70 ppm, further supporting the potential for structural overprinting or hybrid mineralizing events. Collectively, these signatures reinforce the project's alignment with the geological architecture and mineralization styles that have yielded some of Colombia's most significant gold discoveries.
The company's use of geologic mapping, Lidar, and systematic geochemical sampling follows discovery techniques that, as documented by Dr. Stewart Redwood, have accounted for the majority of significant gold finds in Antioquia over the past 50 years.
This detailed technical groundwork is a deliberate and essential step in Quimbaya's exploration strategy, helping to refine and prioritize the most compelling targets for the Company's upcoming drill campaign in Q2 2025. By advancing this program with precision and discipline, the team is building a stronger foundation for success - one rooted in geological confidence and targeting certainty. These early-stage results not only validate the exploration model but also enhance the Company's conviction in the broader potential of Tahami South as a district-scale, high-grade gold system.
"Tahami South exhibits all the essential hallmarks of a fertile gold system at the reconnaissance stage: strong surface gold grades, well-developed quartz-sulfide veining, and a classic pathfinder suite including arsenic, antimony, lead, and zinc - all within a structural corridor that aligns with known productive trends in Antioquia. These are the types of indicators that have preceded many of Colombia's most significant discoveries. When supported by systematic mapping and geochemistry, as Quimbaya is doing here, such signatures significantly enhance the probability of drilling into a meaningful mineralized system." Dr. Stewart D. Redwood, Economic Geologist & SEG Fellow.
Figure 1. Location map of the Tahami South Project, adjacent to Aris Gold
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11347/252946_ab97c95454600a28_002full.jpg
Connecting Structure, Geochemistry and Scale
Exploration at Tahami South is being guided by a disciplined, model-driven approach that integrates structural mapping, geochemical data, and high-resolution topographic analysis to define the structural controls on mineralization. Recent work has outlined a network of northeast- and east-west-trending quartz veins and hydrothermal breccias hosted within andesitic and intrusive rocks - a structural architecture closely aligned with productive corridors in the Segovia district. Lidar interpretation and field mapping have revealed vein exposures and alteration zones that correlate with elevated gold and pathfinder element values, including arsenic (As), antimony (Sb), copper (Cu), lead (Pb), and zinc (Zn). These features, taken together, suggest an intermediate-sulfidation epithermal system with potential for multiple mineralized shoots. The geochemical vectoring - particularly where pathfinder anomalies overlap key structural intersections - is now informing high-priority targets as the Company prepares for its inaugural drill campaign. The scale and coherence of these features suggest the potential for a significant mineralized system emerging within an underexplored extension of the Segovia trend.
"Everything we're seeing tells us we may be sitting on something significant, and that's why we're taking a disciplined and methodical approach. When you test a system like this for the first time, it is very important to get everything right, and this foundation gives us strong conviction heading into our upcoming drill campaign, and we're excited about what's ahead."
Alexandre P. Boivin, President & CEO, Quimbaya Gold Inc.
Figure 2. Anomalous Gold values for rock, soils and stream sediments.
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Qualified Person statement - Ricardo Sierra BSc. Geology, MAusIMM (3078246)
Quimbaya's disclosure of technical and scientific information in this press release has been reviewed and approved by Ricardo Sierra (AusIMM), the Vice President of Exploration for the company, who serves as a Qualified Person under the definition of National Instrument NI-43 101.
About the Tahami South Project
Tahami South is a 2,023-hectare gold exploration project located in the Segovia Zaragoza mining district of Antioquia, Colombia, one of the country's most prolific gold belts. The project lies just 1.8 kilometres northeast of Aris Mining's Segovia operation and is centered on a structural corridor known to host high-grade epithermal vein systems. Quimbaya Gold is advancing Tahami South as a high-priority asset with potential for district-scale discovery.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Jason Frame, Manager of Communications jason.frame@quimbayagold.com +1-647-576-7135
Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
Follow on Instagram @quimbayagoldinc
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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. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", 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. These assumptions include, but are not limited to: any increased liquidity of the Company's stock through the additional listing or increased European investment / exposer. 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.
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Partnership with Leading Colombian Mining Group to Formalize Artisanal Mining Production and Accelerate Exploration
Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce the signing of a binding Letter of Intent with Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF), establishing a 50:50 joint venture aimed at formalizing existing small-scale mining operations located within the Company's Tahami Project, located in the Segovia Gold District of Antioquia, Colombia.
This collaboration seeks to integrate artisanal mining operations into a formalized structure to create mutually beneficial partnerships while supporting and empowering the host communities. Importantly, this initiative complements Quimbaya's ongoing exploration efforts, including its planned 4,000-meter drilling campaign at Tahami South, by fostering stronger community relations and facilitating access to key areas. Both parties are working diligently to finalize a definitive agreement as soon as possible, subject to customary regulatory and corporate approvals.
Joint Venture Highlights
50:50 Production Partnership: Equal profit sharing between Quimbaya and Denarius (via Zancudo Metals Corp.). Denarius will provide technical and financial support so that the artisanal miners can legalize their production within the mining legalization program.
Joint development targeted on the Tahami South and Tahami North areas within the Tahami Project. Exploitation will focus on concessions SHO-08001, SE9-13331, LJQ-08001 and HHII-21 owned by Quimbaya.
Formalization of Existing Activities: The partnership aims to formalize current artisanal mining operations, aligning with successful models in the region.
Support for Exploration: By formalizing artisanal mining activities, the joint venture enhances community engagement, supporting Quimbaya's ongoing drilling and exploration initiatives.
Upcoming Cash Flow Opportunity: Upon finalizing the definitive agreement, efforts will commence to generate cash flow from the existing small-scale mining operations.
Complementary Strategy: This joint venture complements Quimbaya's exploration objectives, ensuring continued focus on making a high-grade discovery at Tahami.
Figure 1. Location map of the Tahami South Project, adjacent to Aris Gold's Segovia mine.
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Strategic Importance
This agreement allows Quimbaya to tap into a proven model of success already active in the Segovia-Remedios Mining District ("DMSR" by its initials in Spanish), where formalized artisanal mining contributes to Aris Mining's neighboring gold production. By partnering with Denarius - led by Serafino Iacono, a key figure behind the rise of Gran Colombia Gold (now Aris Mining), which was the largest underground gold and silver producer in Colombia for many decades and with current gold production of over 200,000 ounces per year from three main mines in the high-grade DMSR - Quimbaya gains access to a team with deep experience in turning artisanal mining into structured, profitable operations that benefit both communities and shareholders.
Figure 2. Location Map of the Tahami North Project.
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"This is a pivotal step for Quimbaya," said Alexandre P. Boivin, President and CEO of Quimbaya Gold, " as partnering with one of the most experienced exploration and mining teams in Colombia will not only allow Quimbaya to quickly leverage this existing opportunity, but also to deliver on our community objective of helping formalize artisanal miners, while we continue advancing our broader exploration and drilling plans to make a high-grade gold discovery on the Tahami South property."
About the Tahami Project
Located adjacent to Aris Mining's flagship Segovia Operations-one of the highest-grade underground gold producers globally-the Tahami Project spans over 17,000 hectares across a district-scale vein system that shows analogies with the DMSR, with historic artisanal activity and substantial exploration upside. The area is supported by existing infrastructure, a favorable mining jurisdiction, and a strong tradition of gold production.
Figure 3. General map of the Tahami Project.
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Qualified Person statement - Ricardo Sierra BSc. Geology, MAusIMM (3078246)
Quimbaya's disclosure of technical and scientific information in this press release has been reviewed and approved by Ricardo Sierra (AusIMM), the Vice President Exploration for the Company, who is a Qualified Person as defined in National Instrument 43-101.
Completion of Corporate Continuance to British Columbia
The Continuance was approved by the shareholders of the Company at the annual general and special meeting of shareholders held on March 28, 2025 (the "Meeting"). The principal effects of the Continuance are set out in the management information circular for the Meeting dated February 14, 2025 (the "Circular"). Copies of the Circular and charter documents for the Continuance are available on SEDAR+ under the Company's profile at www.sedarplus.ca.
About Quimbaya Gold Inc.
Quimbaya Gold Inc. is a Canadian junior exploration company focused on discovering gold resources through the exploration and acquisition of mining properties in Colombia's prolific mining districts. The Company is actively advancing three projects in the Antioquia Province: the Tahami Project in Segovia, the Berrio Project in Puerto Berrio, and the Maitamac Project in Abejorral. Managed by an experienced team with deep local knowledge, Quimbaya is committed to creating value for its shareholders through strategic exploration and development initiatives.
Contact Information
Alexandre P. Boivin, President and CEO
apboivin@quimbayagold.com
+1-647-576-7135
Jason Frame, Manager of Communications
jason.frame@quimbayagold.com
Quimbaya Gold Inc.
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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. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", 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. These assumptions include, but are not limited to: the joint venture will be completed on the terms set forth in the letter of intent, the parties will perform their obligations under the joint venture and the results of the joint venture will be as expected. 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.
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With multiple catalysts ahead, including resource upgrades, expanded production, and further development of its Laverton, Menzies, and Sandstone hubs, Brightstar Resources presents a compelling investment case in a rising gold market.
Gold has continued to demonstrate its resilience as a store of value, with prices peaking at US$3,500.05 per ounce, its all-time high. Amid ongoing global economic uncertainty, including inflationary pressures, rising geopolitical tensions, and volatile interest rate environments, investors have turned to gold as both a safe haven asset and a hedge against macroeconomic instability.
Brightstar Resources (ASX:BTR) is strategically positioned to capitalize on this environment as a low-cost, multi-asset gold developer with near-term production potential. The company controls over 1,500 square kilometers of highly prospective ground across three of Western Australia’s most prolific gold belts: the Laverton Tectonic Zone, the Menzies Shear Zone, and the Sandstone Greenstone Belt.
Unlike many junior exploration companies, Brightstar has a key differentiator: it owns a fully permitted, strategically located processing facility near Laverton. This existing infrastructure offers the company a critical advantage, enabling a low-capex restart scenario and faster time to cash flow compared to peers who must first secure permits and fund costly plant construction. This plant is subject of a DFS due for announcement in June 2025.
Through a focused multi-hub strategy, Brightstar has built a robust pipeline of development-ready and resource-growth projects, supported by:
With global gold demand remaining strong, Brightstar is well-positioned to deliver material shareholder value through its integrated production plan, supported by scalable infrastructure, a growing resource base, and access to capital. The company’s strategic approach includes combining brownfields development, organic exploration, and corporate M&A, placing it at the forefront of a new generation of Australian gold producers.
Brightstar’s Laverton hub is comprised of the Cork Tree Well, Jasper Hills, Second Fortune, Beta and Alpha project areas.
The Menzies Hub comprises a tenement holding of a contiguous land package of granted mining leases over a strike length of more than 20 km. The majority of deposits hosted along the Menzies Shear Zone are located adjacent to the Goldfields Highway in Menzies (130km north of Kalgoorlie).
The consolidated Sandstone project is over 100 km from existing third-party milling operations in the Murchison. This third processing hub boasts Alto’s Sandstone project with a mineral resource of 1.05 Moz at 1.4 g/t gold and Gateway’s Montague gold project with a mineral resource of 0.5 Moz @ 1.6 g/t gold.
Growth Drivers:
Alex Rovira is a qualified geologist and an experienced investment banker having focused on the metals and mining sector since 2013. Rovira has experience in ASX equity capital markets activities, including capital raisings, IPOs and merger and acquisitions.
Richard Crookes has over 35 years’ experience in the resources and investments industries. He is a geologist by training having previously worked as the chief geologist and mining manager of Ernest Henry Mining in Australia.
Crookes is managing partner of Lionhead Resources, a critical minerals investment fund and formerly an investment director at EMR Capital. Prior to that he was an executive director in Macquarie Bank’s Metals Energy Capital (MEC) division where he managed all aspects of the bank’s principal investments in mining and metals companies.
Andrew Rich is a degree qualified mining engineer from the WA School of Mines and has obtained a WA First Class Mine Managers Certificate. Rich has a strong background in underground gold mining with experience predominantly in the development of underground mines at Ramelius Resources (ASX:RMS) and Westgold Resources (ASX:WGX).
Ashley Fraser is an accomplished mining professional with over 30 years experience across gold and bulk commodities. Fraser was a founder of Orionstone (which merged with Emeco in a $660-million consolidation) and is a founder/owner of Blue Cap Mining and Blue Cap Equities.
Jonathan Downes has over 30 years’ experience in the minerals industry and has worked in various geological and corporate capacities. Experienced with gold and base metals, he has been intimately involved with the exploration process through to production. Downes is currently the managing director of Kaiser Reef, a high grade gold producer, and non-executive director of Cazaly Resources.
Dean Vallve holds technical qualifications in geology & mining engineering from the WA School of Mines, an MBA, and a WA First Class Mine Managers Certificate. Vallve was previously in senior mining and study roles at ASX listed mid-cap resources companies Hot Chili (ASX:HCH) and Calidus Resources (ASX:CAI).
Nicky Martin is an experienced finance and accounting professional holding tertiary qualifications in accounting and finance and is a qualified CPA. Martin was previously the Head of Finance at Pilbara Minerals Ltd (ASX:PLS) where she oversaw and was actively involved in a rapidly growing mining success story.
Harvest Gold (TSXV:HVG) is a Canadian junior explorer focused on advancing a portfolio of gold projects in Quebec’s prolific Abitibi Greenstone Belt—one of the world’s most productive gold regions, with over 200 million ounces of historical output. Its Mousseau, Urban Barry, and LaBelle properties are strategically positioned within and near the Urban Barry Greenstone Belt, a rapidly emerging gold camp attracting significant exploration activity and investment from majors such as Gold Fields and Osisko Mining.
The Urban Barry Belt hosts major deposits like Windfall (now owned by Gold Fields) and Bonterra’s Gladiator and Barry, making it a hotspot for gold discovery. In a region increasingly dominated by majors, Harvest Gold offers rare early-stage exposure through three large, independently held land packages with road access, infrastructure, and newly cleared ground—setting the stage for high-impact exploration and potential acquisition.
Harvest Gold is backed by Crescat Capital, a prominent institutional investor with a strong track record of supporting early-stage discoveries. Crescat’s investment was driven by the endorsement of their strategic advisor, Dr. Quinton Hennigh, a globally recognized exploration geologist. His confidence in the company’s land positioning and geological model is a powerful validation of Harvest’s potential.
This Harvest Gold profile is part of a paid investor education campaign.*
Click here to connect with Harvest Gold (TSXV:HVG) to receive an Investor Presentation
Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth.
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Diamond Drill Results Highlights:
Jagger Zone:
Edward Gosselin, CEO and Director of Kobo commented: "These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues."
Jagger Zone Drilling Highlights Scale and Continuity
Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company's understanding of this highly prospective target (see Figure 1).
Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone.
On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.)
Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone
Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the "Jagger Shear Corridor", brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes.
At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation.
Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa.
Table 1: Summary of Significant Diamond Drill Hole Results
BHID | East | North | Elev. | Az. | Dip | Length | From | To (m) | Int. | Au | Target | |
KDD0080 | 228997 | 775340 | 338 | 70 | -50 | 233.05 | 32.00 | 34.00 | 2.00 | 1.80 | Jagger | |
49.00 | 51.00 | 2.00 | 2.18 | Jagger | ||||||||
60.00 | 61.00 | 1.00 | 2.31 | Jagger | ||||||||
70.00 | 76.00 | 6.00 | 0.91 | Jagger | ||||||||
100.00 | 102.20 | 2.20 | 0.99 | Jagger | ||||||||
115.00 | 117.00 | 2.00 | 0.59 | Jagger | ||||||||
126.00 | 127.00 | 1.00 | 1.86 | Jagger | ||||||||
181.00 | 182.00 | 1.00 | 1.10 | Jagger | ||||||||
201.00 | 207.05 | 6.05 | 0.67 | Jagger | ||||||||
incl. | 205.00 | 207.05 | 2.05 | 1.43 | Jagger | |||||||
221.85 | 223.00 | 1.15 | 1.19 | Jagger | ||||||||
KDD0081 | 228958 | 775353 | 333 | 70 | -50 | 266.05 | 31.00 | 32.00 | 1.00 | 2.02 | Jagger | |
45.00 | 46.00 | 1.00 | 1.52 | Jagger | ||||||||
70.00 | 72.40 | 2.40 | 1.04 | Jagger | ||||||||
78.00 | 80.00 | 2.00 | 0.67 | Jagger | ||||||||
123.00 | 124.00 | 1.00 | 1.49 | Jagger | ||||||||
130.00 | 133.00 | 3.00 | 1.15 | Jagger | ||||||||
140.00 | 148.00 | 8.00 | 2.13 | Jagger | ||||||||
incl. | 140.00 | 142.00 | 2.00 | 7.00 | Jagger | |||||||
175.10 | 176.20 | 1.10 | 1.79 | Jagger | ||||||||
KDD0082 | 228973 | 775257 | 364 | 70 | -50 | 293.05 | 22.00 | 23.00 | 1.00 | 1.51 | Jagger | |
104.00 | 105.00 | 1.00 | 6.61 | Jagger | ||||||||
110.00 | 111.00 | 1.00 | 1.42 | Jagger | ||||||||
128.00 | 158.00 | 30.00 | 0.64* | Jagger | ||||||||
incl. | 128.00 | 138.25 | 10.25 | 0.80 | Jagger | |||||||
incl. | 143.00 | 145.00 | 2.00 | 1.90 | Jagger | |||||||
incl. | 148.00 | 158.00 | 10.00 | 0.60 | Jagger | |||||||
161.40 | 164.00 | 2.60 | 0.65 | Jagger | ||||||||
KDD0083 | 229013 | 775240 | 361 | 70 | -50 | 236.05 | 32.00 | 33.00 | 1.00 | 3.73 | Jagger | |
62.00 | 63.00 | 1.00 | 3.17 | Jagger | ||||||||
71.00 | 72.00 | 1.00 | 8.42 | Jagger | ||||||||
80.00 | 84.00 | 4.00 | 0.87 | Jagger | ||||||||
100.00 | 101.00 | 1.00 | 1.33 | Jagger | ||||||||
104.00 | 105.00 | 2.00 | 1.29 | Jagger | ||||||||
109.40 | 117.00 | 7.60 | 0.35 | Jagger | ||||||||
123.00 | 130.00 | 7.00 | 1.18 | Jagger | ||||||||
138.00 | 144.00 | 6.00 | 2.07 | Jagger | ||||||||
161.00 | 163.60 | 2.60 | 1.04 | Jagger | ||||||||
KDD0084 | 229018 | 775216 | 361 | 70 | -50 | 164.05 | 67.00 | 69.00 | 2.00 | 0.83 | Jagger | |
80.00 | 83.00 | 3.00 | 1.00 | Jagger | ||||||||
88.00 | 96.00 | 8.00 | 1.41 | Jagger | ||||||||
106.00 | 127.50 | 21.50 | 1.14* | Jagger | ||||||||
incl. | 106.00 | 110.00 | 4.00 | 1.99 | Jagger | |||||||
incl. | 115.00 | 119.00 | 4.00 | 1.27 | Jagger | |||||||
incl. | 126.00 | 127.50 | 1.50 | 4.93 | Jagger | |||||||
KDD0085 | 228982 | 775175 | 358 | 70 | -50 | 182.05 | 83.00 | 84.00 | 1.00 | 2.38 | Jagger | |
106.00 | 126.00 | 20.00 | 1.41* | Jagger | ||||||||
incl. | 113.00 | 117.00 | 4.00 | 1.25 | Jagger | |||||||
incl. | 121.00 | 126.00 | 5.00 | 3.70 | Jagger | |||||||
incl. | 123.00 | 125.00 | 2.00 | 8.47 | Jagger | |||||||
154.00 | 161.00 | 7.00 | 1.20 | Jagger | ||||||||
169.00 | 172.00 | 3.00 | 1.38 | Jagger | ||||||||
KDD0086 | 229024 | 775165 | 345 | 70 | -50 | 143.00 | 71.60 | 73.00 | 1.40 | 1.63 | Jagger | |
82.00 | 89.00 | 7.00 | 1.04 | Jagger | ||||||||
95.00 | 107.00 | 12.00 | 0.68 | Jagger | ||||||||
118.00 | 123.00 | 5.00 | 0.69 | Jagger | ||||||||
Notes: | ||||||||||||
Cut-off using 2.0 m at 0.30 g/t Au | ||||||||||||
Intervals are reported with no more than 3 m of internal dilution of less than 0.3 g/t Au except where indicated* | ||||||||||||
An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.
The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management's discussion and analysis. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile on SEDAR+ at www.sedarplus.ca as well as on the Company's website at www.koboresources.com .
Sampling, QA/QC, and Analytical Procedures
Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d'Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits.
Review of Technical Information
The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities.
With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI". For more information, please visit www.koboresources.com .
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
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For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
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Highlights
Managing Director, Mark English, said:
“It’s a momentous time in our progression and development of the Company, we are delighted.
“Mining is in full swing and all activities are progressing as we expected. Nothing is holding us back. We are achieving our targets and are exactly where we expected to be in the mine development.
“We are pleased to be monetising our major asset in such a bullish gold market, the timing is excellent. It is a great place to be as an unhedged gold producer,” said Mr English.
Photo 1: Munda Pit. Photo: 21 May 2025.
Photo 2: Digging at Munda. Photo: 31 May 2025.
Approximately 70,000 BCM (Bank Cubic Metres) of material have been mined at Munda over the first 4 weeks of operations from a pit design encapsulating 380,000 BCM. Mining to this stage has been largely free-dig with the first blast completed 17 June 2025.
Auric personnel are utilising a dry hire fleet comprising a 125t excavator and four 40t articulated ‘Moxi’ dump trucks together with relevant ancillary equipment.
Both RC grade control and blast hole drilling, together with blast supervision is managed by Kalgoorlie-based Total Drilling Services Pty Ltd.
The Company has estimated that approximately 125,000 tonnes of ore will be extracted from the Starter Pit at a grade of 1.8g/t Au1. Most of that ore will be mined toward the base of the Starter Pit, during the last two months of operations. The Starter Pit is scheduled for completion in October.
Munda has an estimated resource of 145,000 ounces of gold at a 0.5g/t cut-off2. Once the Starter Pit is finished Auric expects to complete detailed planning for a larger pit, to commence in 2026.
The Company is fully funded to mine the Starter Pit at Munda from the proceeds of gold sales from the Jeffreys Find Gold Mine near Norseman.
Photo 3: Matthew setting up base station. Photo: 15 June 2025.
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