Quimbaya Gold Inc ( (TSE:QIM) ) has issued an update.
Quimbaya Gold Inc. has announced the commencement of a 4,000-meter drilling campaign at its Tahami South property, adjacent to Aris Mining’s Segovia project. This initiative, in partnership with Independence Drilling S.A. and Palmer Assets Holding Corp., is a strategic move to unlock high-grade gold mineralization potential in the region. The drilling program, valued at approximately $1.2 million CAD, will be compensated entirely in shares, with units issued at $0.30 each. This marks a significant step for Quimbaya Gold as it aims to leverage local expertise and strengthen its position in Colombia’s gold mining sector. The company plans to provide ongoing updates to stakeholders as the project progresses.
More about Quimbaya Gold Inc
Quimbaya Gold Inc. is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in advancing its flagship projects in Colombia, particularly in the Segovia district, known for its prolific gold deposits.
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