Quimbaya Gold (QIM.C) has released an update on its almost 25,000 hectare Tahami project in Colombia’s Segovia Gold District. The company plans to advance the asset using a three-pronged approach, highlighted in the bullet points here below.
Although the company has been successful in encountering the mineralized zone that Aris Mining is mining across the property boundary, we are very interested in seeing the more details on the copper porphyry target at Tahami Center. Past exploration programs have outlined a 2000 by 1400 meter mineralized footprint at surface with copper, molybdenum and gold as primary metals.
With 15,000 meters of drilling planned for 2026, which will include a first-ever drill program on the porphyry zone, Quimbaya is gearing up for a very active year. By the end of 2026, the company should have a much better understanding of where it stands. And fortunately there is no financial pressure: Quimbaya Gold currently has approximately C$12M in cash on its balance sheet, which should be more than sufficient to cover the planned 15,000 meters of drilling.
Disclosure: The author has no position in Quimbaya Gold. Quimbaya will become a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
