Quimbaya Gold Samples yield up to 5.86 g/t gold and 133 g/t silver at Tahami North

Quimbaya Gold Samples yield up to 5.86 g/t gold and 133 g/t silver at Tahami North

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (" Quimbaya Gold " or the " Company ") is pleased to announce the results of a rock sampling program conducted on the Tahami North project in Segovia, Colombia . These results include rock samples grading up to 5.86 gt gold and 133 gt silver along a new 2km trending vein system. The targeted veins trend to the North-West within the Company's claims. This represents a significant advancement in the understanding of the potential of these goldsilver vein systems at Tahami North.

Highlights

  • A total of 67 channel samples, 60 rock samples and 5 pan concentrates were collected during 2024 in the preliminary field exploration season on the property (table 1, table 2, table 3).
  • Rock sampling confirms the occurrence of an interpreted trend of gold – silver veins demonstrating the promising potential within the Company's claims. (Figure 1)
  • The Salomon veins returned up to Au@ 3.31 g/t and Ag@ 133 g/t Ag in channel sampling, Pile rock samples up to Au@ 5.86 g/t, Ag@ >100 g/t, and pan concentrates up to Au@ 45.6 g/t, Ag@4.26 g/t (Figure 1).

Data consolidation was completed during January 2025 including a regional structural interpretation of the Digital Elevation Model and regional magnetometry geophysics, interpretation of the gold veins trend, geochemical data analysis, and database normalization (included laboratory certificates).

A follow-up exploration program has been designed to test the continuation of the gold/silver veins along the trend. This work will include geological mapping, trench design, soils and channel rock sampling programs. (figure 2).

"These results provide a strong foundation to advance the exploration program and define drilling targets along this mineralized gold-silver corridor at Tahami North," commented Mr. Alexandre P. Boivin President & CEO. "It provides us with an additional project area with new discovery potential which will complement our upcoming drilling program on our Tahami South concession located adjacent to Aris Mining's (TSX: ARIS) Segovia mining operation.

Figure 1. Tahami North veins system confirmation for rock sampling program during 2024. (CNW Group/Quimbaya Gold Inc.)

Table 1. Chanel samples assay highlight results. (CNW Group/Quimbaya Gold Inc.)

Table 2. Rock samples assay highlight results. (CNW Group/Quimbaya Gold Inc.)

Table 3. Pan concentrates assay highlight results. (CNW Group/Quimbaya Gold Inc.)

Tahami North Vein Systems

The structural interpretation of the mineralized veins is based on the 2024 results, which included mapping, rock sampling, pan concentrate sampling and geophysical analysis. Our 2025 exploration program at Tahami North will focus on defining and expanding the Au-Ag mineralized vein system along a 4.4 km potential mineralized trend.

Figure 2. General map included the mapped gold/silver veins corridor (red) and the interpreted veins corridor (orange) for the exploration plan of 2025. (CNW Group/Quimbaya Gold Inc.)

Sample preparation and analysis

Quimbaya Gold used various laboratories to prepare and assay samples collected on the Tahami Project. These include SGS and ALS for preparation and analysis. SGS preparation and Fire Analysis in the SGS laboratory in Medellin Colombia , and SGS multi-element analysis located in Peru ; and ALS Global preparation in Medellin and ALS Global analysis located in Peru .

Samples delivered to SGS were prepared in Medellin , samples were received and labelled, dry at 100°C +- 5°C, primary crushing in a jaw crusher to 95% passing 20 mesh, secondary crushing with roll mill and slow revolution, cleaning with compressed air and quartz, with 85% passing 10 mesh, with every 10 sampled control and granulometry, riffle split coarse crushed sample in jones splitter, to extract 250 ti 500 gr; Pulverization of samples is completed in a ring mill, with >95% passing 140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au and aqua regia digestion for Ag in Medellin using FAA515, FAG505 and AAS12C method, and multi-element analysis in Peru using ICP40B, and AAS41B methods.

The sample preparation method at ALS comprises drying the sample at 60°C, crushing the entire sample to a target of 70% passing 2mm, rotary split off 250gr, pulverize split to a target of 85% passing g75um. Samples were assayed by ALS Peru for Fire assay to Au using Au-AA23 Au 30g, and Multi-element four acid ICP-MS using ME-MS61 method code, in line with QA/QC best practices.

Qualified Person - Ricardo Sierra BSc.   Geology, MAusIMM (3078246)

The information in this report that relates to technical evaluation results, interpretation of airborne magnetic, and geochemical analysis is based on information reviewed and approved by Ricardo Sierra , VP exploration Quimbaya Gold who is a Member of the Australian Institute of Mining and Metallurgy, and is a Qualified Person as defined within the meaning of the National Instrument 43-101. Mr. Sierra has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration. Mr. Sierra consents to the inclusion of the technical evaluation results based on the information and in the form and context in which it appears.

About Tahami

The Tahami project is located nearby the municipality of Segovia in the Department of Antioquia in Colombia . It is 217 km northeast of the city of Medellin .

Map of the Tahami Project (CNW Group/Quimbaya Gold Inc.)

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 .

Quimbaya Gold Inc. 
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
Follow on Instagram @quimbayagoldinc
Follow on Facebook @quimbayagoldinc

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.

Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

SOURCE Quimbaya Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/29/c2385.html

News Provided by Canada Newswire via QuoteMedia

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 Announces Annual General Meeting Results and Board Changes

Quimbaya Gold Announces Annual General Meeting Results and Board Changes

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce that shareholders voted to approve all items of business put forth to shareholders at the Company's Annual General and Special Meeting ("AGSM") held on March 28, 2025, including the election of directors, fixing the number of directors, appointment of the Company's auditor, approval of the equity incentive plan, and the continuation of the Company under the British Columbia Business Corporations Act.

The board of directors and the Company would like to thank Mr. Bayona, who did not run for re-election, for his service to the Company and would like to wish him well in his future endeavors.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Completes Final Payment on Four Tahami Contract Concessions and Announces Warrant Extension

Quimbaya Gold Completes Final Payment on Four Tahami Contract Concessions and Announces Warrant Extension

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce that the Company has executed the final payment of 4 contract concessions totalling 1624 hectares in the Tahami project area. The company was able to amend the last payment terms of these concessions from $200,000 USD to $135,000 USD.

"We are pleased that we were able to secure these important land packages with the final payments on our highly prospective Tahami area on amended terms that represented a 30% savings from the original last payments", stated Alexandre P. Boivin, President and CEO.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold & Independence Drilling Secure 4,000m Drill Deal - 100% Share-Based Partnership

Quimbaya Gold & Independence Drilling Secure 4,000m Drill Deal - 100% Share-Based Partnership

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce that, further to its news release on August 1, 2024 announcing the entering into of drilling contract with Independence Drilling S.A., a first service order has concluded for an initial first 4000-meter drilling campaign (the "Initial Drilling Campaign") for its Tahami South property which is adjacent and on trend to Aris Mining's Segovia project. The contract has been assigned to Elawa S.A.S., an affiliated entity and mining division of Independence Drilling S.A., and concurrently the Company has also finalized an agreement with Palmer Assets Holding Corp. ("Palmer" and together with Elawa, the "Drilling Contractors") to provide consulting services for the Initial Drilling Campaign.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Closes Final Tranche of Private Placement to Accelerate Next Growth Phase

Quimbaya Gold Closes Final Tranche of Private Placement to Accelerate Next Growth Phase

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that further to its news release dated February 14th, 2025, the Company has completed a fourth tranche of the previously announced non-brokered private placement (the "Placement") of 2,634,999 units of the Company (each, a "Unit") at a price of $0.30 per Unit for aggregate gross proceeds of $790,500. Each Unit is comprised of one common share (a "Common Share") of the Company and one Common Share purchase warrant (a "Warrant"), each such Warrant entitling the holder to acquire one additional Common Share for a period of two years from the date of issuance at an exercise price of $0.40 per Common Share. In connection with the Placement, the Company will pay cash finders' fees on of $42,080 and 140,267 finder's warrants.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quimbaya Gold Closes Third Tranche and Upsizes Private Placement to $3 Million

Quimbaya Gold Closes Third Tranche and Upsizes Private Placement to $3 Million

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that further to its news release dated December 23rd, 2024, the Company has completed a third tranche of the previously announced non-brokered private placement (the "Placement") of 3,135,800 units of the Company (each, a "Unit") at a price of $0.30 per Unit for aggregate gross proceeds of $940,740. Each Unit is comprised of one common share (a "Common Share") of the Company and one Common Share purchase warrant (a "Warrant"), each such Warrant entitling the holder to acquire one additional Common Share for a period of two years from the date of issuance at an exercise price of $0.40 per Common Share. The net proceeds of the Offering will be used by the Company for exploration and working capital.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Radisson Expands Area of High-Grade Gold Mineralization Beneath the Historic O'Brien Gold Mine with Three New Drill Holes Including 29.93 g/t Gold over 2.2 Metres

Radisson Expands Area of High-Grade Gold Mineralization Beneath the Historic O'Brien Gold Mine with Three New Drill Holes Including 29.93 g/t Gold over 2.2 Metres

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce drill assay results from three new drill holes at its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec.

The three holes reported are all wedges completed from the previously reported pilot hole OB-24-337 (see Radisson News Release dated December 16, 2024; Figure 1). OB-24-337 was the deepest hole ever drilled at the Project and the first hole drilled directly below the historic O'Brien Mine workings. It intersected 242.0 grams per tonne ("g/t") gold ("Au") over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres at approximately 1,500 metres vertical depth. Now, three new wedges have all returned additional high-grade gold intercepts, delineating a large zone of multiple veins with good continuity.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cartier Resources Announces Subscription Agreement for Flow-Through Units Under Its Previously Announced Brokered Offering and Adjustments Further to Tax Measures Unveiled by the Quebec Minister of Finance

Cartier Resources Announces Subscription Agreement for Flow-Through Units Under Its Previously Announced Brokered Offering and Adjustments Further to Tax Measures Unveiled by the Quebec Minister of Finance

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Cartier Resources Inc. (TSX-V: ECR) (" Cartier " or the " Corporation ") announces the execution, on March 31, 2025, of an amending agreement (the " Amending Agreement ") further to the engagement letter dated March 20, 2025 between Paradigm Capital Inc. (the " Agent ") and the Corporation (the " Engagement Letter ") with respect to its previously announced "best efforts" private placement offering of securities of Cartier (the " Offering ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CSE Bulletin: Suspension - Green River Gold Corp.

CSE Bulletin: Suspension - Green River Gold Corp.

Effective immediately, Green River Gold Corp. is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the Alberta Securities Commissions.

For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Leocor Mining Updates Investment In Intrepid Metals

Leocor Mining Updates Investment In Intrepid Metals

(TheNewswire)

Leocor Mining Inc.

Vancouver, British Columbia TheNewswire - April 1, 2025 - Leocor Mining Inc. (the " Company " or " Leocor ") (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focused on the exploration and development of precious metals  projects in Eastern Canada, is pleased to provide an update on its capital investment in Intrepid Metals (TSX.V: INTR).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Rio Silver Pivots to High-Grade Silver Exploration / Exploitation - Announces Executive Changes

Rio Silver Pivots to High-Grade Silver Exploration / Exploitation - Announces Executive Changes

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF) announces that it has appointed Eric H. Hinton, P.Eng., FCIM, to the Advisory Board.

Eric H. Hinton, P.Eng., FCIM, has degrees from Haileybury School of Mines, Queen's University and Laurentian University and is a registered professional engineer in Ontario and Manitoba. Eric is a Fellow of the Canadian Institute of Mining, Metallurgy and Petroleum and is also designated as a Qualified Person in underground mining from the Mining and Metallurgical Society of America in addition to a qualified person for National Instrument 43-101. Eric's experience in small scale mining operations (from 50 to 500 tonnes per day) led him to acquire Basic Minerals SAC in Peru to launch the Mercedes Project which will become a 25000 tonne per annum polymetallic producer. His expertise will enable Rio Silver to engage in projects similar to Mercedes such as the recently acquired Maria Norte project, also in Peru, in order to potentially realize positive cashflow in the short term.

News Provided by GlobeNewswire via QuoteMedia

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

×