Quimbaya Gold (WKN A3DT3C / CSE QIM) is continuing its expansion strategy in Colombia and is once again increasing its presence in one of the country’s most renowned gold regions. With new concession applications covering 6,420 hectares in the Segovia gold district in the Department of Antioquia, the company’s total land package in the region has now grown to approximately 73,000 hectares.
In doing so, Quimbaya Gold is further pursuing its course of expanding its own project base in a historically significant gold belt while simultaneously conserving capital for the already planned drilling work on its core projects. This specific combination of land growth and financial discipline is at the heart of the latest announcement.
The new applications concern two contiguous blocks of 1,768 hectares and 4,652 hectares, respectively. Both areas are located in the Segovia district and expand Quimbaya’s position in an area that has been associated with high-grade gold mining for more than a century. The move strengthens the company’s presence within the same district that also hosts its flagship Tahami project.
Quimbaya Gold Expands Presence in the Segovia District
Particularly noteworthy is the way in which Quimbaya has achieved this growth; according to the company, the expansion of the exploration area was carried out without diverting funds from the fully funded 2026 drilling program. This is precisely where the strategic importance of the measure lies: the company is increasing its geological reach without diminishing the resources for the drill-supported development of its most important target areas.
For Quimbaya Gold, this also means more flexibility within an established gold corridor. A larger land position increases the number of potential target areas and expands the area where geological success can be achieved. At the same time, capital remains committed where the company is seeking concrete short-term progress—namely on the drill-ready targets of the Tahami project.
New Areas Located in an Established Gold Corridor in Antioquia
The new concession areas are located in the municipality of Segovia in Antioquia, within the Segovia-Remedios metallogenic district along the regional Otú fault system. The area is approximately 219 road kilometers from Medellín. From a geological perspective, this location is significant for Quimbaya because it lies within a structurally established corridor with a proven gold endowment.
Furthermore, there is immediate proximity to existing gold mines. The newly applied-for concessions directly border areas where gold has recently been produced and where historical mineral resources exist. Aris Mining and Soma Gold operate active gold mines in this district. Aris Mining reported approximately 220,000 ounces of gold for its Segovia operations in 2025, while Soma Gold reported approximately 22,000 ounces of gold from its operations in the same year.
(The company explicitly points out, however, that neighboring producing mines are no indication that comparable mineralization, grades, or production levels will be achieved on the new Segovia concessions.)
Focus Remains on the Tahami Project
Despite the additional acreage, Quimbaya Gold’s operational focus remains clearly on the Tahami project. In the Tahami Center target area, the first drilling campaign on a copper-gold-molybdenum porphyry target is imminent. This target was independently confirmed in January 2026 by Dr. Stewart D. Redwood and subsequently expanded to approximately 3.1 by 1.3 kilometers through drone magnetic and radiometric surveys. In parallel, new priority drill targets are being defined at Tahami South. There, ground-based IP and magnetic surveys, 3D modeling, and an updated structural interpretation are refining target selection on the Vein S and Vein V discoveries confirmed in 2025.
A third focus is emerging at Tahami Southeast. Systematic surface mapping and the integration of existing data are underway there as Quimbaya Gold prepares a third target area within the Tahami project. The expansion in Segovia creates additional options in this context without distracting focus from these short-term catalysts.
Quimbaya Gold Combines Land Growth with Capital Discipline
The current expansion of the position in the Segovia district demonstrates how Quimbaya Gold is shaping its strategy in Colombia: the company combines the enlargement of its land base in an established gold belt with a clear prioritization of resource allocation. The new concession applications increase the presence in Antioquia and deepen exposure to a district that has supported industrial gold production for decades. At the same time, the treasury for the fully funded 2026 drilling program at the Tahami project remains untouched.
For Quimbaya Gold, the relevance of this development lies less in a short-term individual event than in the building of a larger strategic platform. The company is expanding its reach within a productive gold district while the next operational stage of value creation is being prepared via drilling at Tahami. In this way, the project base grows at the district level without the upcoming short-term exploration targets fading into the background.
