Quimbaya Gold

Investor Insight

Set against the backdrop of a continuing bull gold market, Quimbaya Gold's significant exploration upside stands out for its considerable land holding surrounded by proven world-class gold deposits in Colombia’s most prolific gold mining district.

Overview

Colombia has long been recognized for its potential as a mining jurisdiction and has for several decades been a development target for large-scale mining. Because of the country's unique geology, it hosts immense and rich deposits of multiple minerals, including gold, silver, copper, molybdenum, nickel, iron and zinc.

Like many other South American countries, much of Colombia's mineral wealth is centralized in the Andes Cordillera. At the moment, it hosts several mid- to large-scale projects diversified across three geographic regions — east, central and west. Quimbaya Gold (CSE:QIM,OTCQB:QIMGF) has established itself in two of these three regions, with over 59,000 hectares of mining assets across three projects. The company is ideally positioned to become one of the most significant explorers in Colombia.

The company's Maitamac project is situated in an underexplored mineral district of Abejorral in the central cordillera. Known for its importance in Colonial times, the district and its surrounding regions host multiple world-class gold deposits and large-scale projects, including Collective Mining’s (TSXV:CNL) Guayabales project, Atico Mining's (TSXV:ATY) El Roble project, Denarius Metals' (TSXV:DSLV) Zancudo, and Aris Mining's (TSE:ARIS) Marmato project. Prudent Minerals (CSE:PRUD) first began exploring Abejorral in 2020, with the establishment of its highly prospective Abe Gold Project.

Quimbaya's other projects, Tahami and Berrio, are located in the Northeast Antioquia Region — the leading source of gold production in the country for centuries. The Segovia asset, held by GCM Mining (now known as Aris Mining), is arguably one of the most significant in the entire region. It's also a close neighbor of the Tahami project and shares a geological corridor with Berrio. Aris Mining’s Segovia, Soma Gold's El Bagre, Sun Valley Rio Pescado and Mineros S.A. are also near the Tahami project. In 2023, Quimbaya expanded its claims in Segovia with 694 hectares of mining property. Additional mining properties with gold and silver exploration potential were also acquired in 2024, encompassing approximately 1,877 hectares and significantly expanding Quimbaya Gold's foothold in the burgeoning mining landscape of Segovia.

In December 2023, the company closed its acquisition of Explogold Ingenieria y Consultoria SAS, Minera Buey Aures SAS and Soluciones Ambientales Del Nordeste SAS by way of share purchase agreements. The company also secured three exploration properties totalling 7,393 hectares (73.9 sq km) adjacent to its Maitamac project in Abejorral-Sonsón, Antioquia, Colombia. These properties were acquired through mapping staking from the Colombian government.

Quimbaya's most valuable asset by far, however, is its people. The company has assembled a powerhouse team, combining extensive mining and corporate finance expertise with strong ties to communities throughout the country. Quimbaya's leadership includes Ernesto Cardenas, creator of the country's first interactive mining register.

CEO Alexandre P. Boivin brings a decade of expertise in mining and finance, and played a key role in raising funds for Quimbaya. Country manager Andres Felipe Rodriguez is the co-founder of the Colombian Exploration Association and the first large-scale prospector and discoverer of the potential of the mining district of Abejorral - Sonsón in Antioquia.

Factor in Quimbaya's capital structure, and it's easy to see why the company is so promising — and how it could easily become one of the leading junior mining companies in Colombia.

Company Highlights

• Quimbaya Gold is one of 10 junior mining companies and one of the most promising early-stage exploration companies in Colombia.
• Quimbaya’s portfolio spans 59,057 hectares with significant potential for high-grade gold, silver and copper, and the possibility of discovering Colombia's next world-class deposit.
• The company's three projects are all situated in Antioquia, the best mining district in Colombia, surrounded by successful gold production operations, providing the company with easy access to critical infrastructure.
• Quimbaya has a good capital structure and tight float, with 69 percent of shares held by the company's management and board of directors.
• Quimbaya employs a local team with strong community ties and an understanding of the region and its geology, including how to navigate Colombia's current political and environmental requirements.