The pace is picking up: Quimbaya Gold deploys second drill rig to the Tahami South project!

Exciting news from Quimbaya Gold (CSE QIM / WKN A3DT3C)! The company has announced that it has ordered a second drill rig for the Tahami South gold project in Colombia. As a rule, such a step is not taken without good reason…

The company, which Goldinvest has been reporting on since the beginning of the year, is systematically exploring its Tahami project (100% Quimbaya), which is directly adjacent to the Segovia property owned by its neighbor Aris Mining, which now has a market capitalization of more than CAD 2.7 billion! The bet here is that the gold mineralization observed and mined at Segoiva also extends to Quimbaya’s project area – for which CEO Alexandre P. Boivin’s company has already discovered initial evidence at surface.

Map of Quimbaya Gold's Tahami Project — *Quimbaya Gold’s Tahami Project; Source: Quimbaya Gold*

Now, it has just been announced that Quimbaya has ordered a second drill rig to accelerate the drilling program, which is initially planned to cover 4,000 drill meters. Of course, the aim is to take advantage of the positive environment in Colombia and the currently extremely hot gold market. On the other hand, Mr. Boivin also pointed out in today’s press release that “initial positive observations” had been made at Tahami South during the drilling program.

Of course, we can only guess what the Quimbaya CEO means by this – favorable mineralization, pathfinder elements for gold? (note: pure speculation) – but we consider the decision to use a second drill rig to be a promising sign. We will definitely stay on the ball!

Keywords

Featured Company

Further Links

No posts found

Never miss important news again.

Receive exclusive updates on exciting commodity companies, market analyses, and investment opportunities directly in your inbox.

By submitting the form, you agree that your contact details will be processed for sending the newsletter.

Disclaimer

I. Information Function and Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies, and companies the opportunity to publish comments, analyses, and news on www.goldinvest.de. The content serves exclusively for general information and does not replace individual, professional investment advice. It does not constitute financial analyses or sales offers, nor is it a solicitation to buy or sell securities. Decisions made based on the published information are entirely at your own risk. No contractual relationship arises between GOLDINVEST Consulting GmbH and the readers or users, as our information relates exclusively to the company and not to personal investment decisions.

II. Risk Disclosure: The acquisition of securities involves high risks, which can lead to the total loss of the capital invested. Despite careful research, GOLDINVEST Consulting GmbH and its authors assume no liability for financial losses or for the content’s guarantee regarding timeliness, accuracy, appropriateness, and completeness of the published information. Please also note our further terms of use.

III. Conflicts of Interest: In accordance with §34b WpHG and §48f para. 5 BörseG (Austria), we point out that GOLDINVEST Consulting GmbH, as well as its partners, clients, or employees, hold shares in the aforementioned companies. Furthermore, a consulting or other service agreement exists between these companies and GOLDINVEST Consulting GmbH, and it is possible that GOLDINVEST Consulting GmbH may buy or sell shares of these companies at any time. These circumstances can lead to conflicts of interest, as the aforementioned companies compensate GOLDINVEST Consulting GmbH for its reporting.