Quimbaya Gold Inc. has launched a 4,000-meter drilling campaign at its Tahami South property in Colombia, adjacent to the Segovia project. Collaborating with Independence Drilling S.A. and Palmer Assets Holding Corp., the campaign aims to explore high-grade gold mineralization. The program, worth about $1.2 million CAD, will be entirely funded through share issuance at $0.30 per unit.
Quimbaya Gold Inc. (TSE:QIM) has initiated a significant 4,000-meter drilling campaign at its Tahami South property, strategically located next to the Segovia project operated by Aris Mining. This initiative is a collaborative effort with Independence Drilling S.A. and Palmer Assets Holding Corp., aimed at exploring the potential for high-grade gold mineralization in the region.
The drilling program is estimated to cost approximately $1.2 million CAD and will be financed entirely through the issuance of shares, with units priced at $0.30 each. This initiative marks an important advance for Quimbaya Gold as it seeks to harness local resources and solidify its foothold within Colombia’s gold mining landscape.
Quimbaya Gold Inc. specializes in gold exploration and development, focusing on enhancing its primary projects in Colombia, especially within the Segovia district, which is renowned for its significant gold resources. The company plans to keep stakeholders informed with continuous updates throughout the progression of the drilling campaign.
Quimbaya Gold Inc. is embarking on a 4,000-meter drilling campaign to tap into high-grade gold deposits near Aris Mining’s Segovia project. This initiative, backed by a $1.2 million CAD budget entirely funded through shares, represents a major strategic move for the company. As Quimbaya continues to strengthen its position in the Colombian gold mining industry, stakeholders can expect regular updates on the project’s developments.
Original Source: www.tipranks.com
