What's Happening?
Tiger Gold has completed its acquisition of the Quinchía Gold Project and the Andes Gold Project in Colombia from LCL Resources. Following a C$21 million financing package, Tiger Gold is expanding exploration at Quinchía with over 160 employees and contractors
on site. The company is conducting a 22,000m drilling program to expand the project's mineral resource estimate, focusing on the Ceibal target within the Marmato Fault Corridor. The company aims to double its resource base and deliver value for shareholders.
Why It's Important?
This acquisition and expansion are crucial for Tiger Gold as it seeks to enhance its resource base and shareholder value. The project is part of a larger district-scale gold system with significant growth potential. The expansion could have a substantial impact on the gold mining industry, particularly in Colombia, by increasing production capacity and potentially influencing gold market dynamics.
What's Next?
Tiger Gold plans to continue its drilling program, with a focus on upgrading the mineral resource estimate. The company also intends to advance environmental, engineering, and social work in preparation for a Prefeasibility Study in 2027. The arrival of a fourth drill rig in August 2026 will further support these efforts.
