Quimbaya Gold [CSE:QIM] has announced the discovery of two additional mineralised vein systems at its wholly owned Tahami South project in Colombia’s Segovia-Remedios district, extending the geological structures that underpin one of Latin America’s most prolific gold belts.
The Toronto-listed junior said ongoing drilling had intersected mineralisation in eight of nine initial holes, identifying structures that include the previously targeted S and V veins. The results, it said, show that the quartz-bearing systems exploited for decades in the Segovia district continue onto its ground — a central assumption in the company’s investment case.
The discoveries come as the group prepares for an expanded drilling programme in 2026. During the second half of 2025, Quimbaya raised C$874,665 through the exercise of stock options and warrants, issuing more than 2.1mn shares. The company characterised the inflow as non-dilutive capital that strengthens its treasury ahead of next year’s campaign. It also granted 614,034 restricted share units to senior management and directors as part of its equity plan, intended to tie leadership incentives to longer-term performance.
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Quimbaya Gold’s Tahami South project
At Tahami South, more than 4,000 metres of drilling have been completed, exceeding the original scope of the Phase 1 programme. The work has been extended to pursue newly emerging targets and to follow up on encouraging early intercepts.
Quimbaya said mineralisation comprised quartz, barite and carbonate veining with sulphides including pyrite, chalcopyrite, galena and sphalerite, a mineralogical signature typical of Segovia-style deposits. The project lies adjacent to one of the country’s largest gold mines within a district-scale corridor that has produced high-grade ore for generations.
Early assays have been received for some holes, but the company plans to publish results only after a critical mass of data has been collected. Management said a consolidated release would allow it to present a more coherent interpretation of grade distribution, structural continuity and the geometry of the emerging system. The company aims to avoid premature disclosure of incomplete datasets, arguing that a fuller view will provide investors with more reliable guidance on resource potential.
Strategically, the first confirmed vein discoveries mark an initial technical validation of Quimbaya’s broader thesis: that the mineralised structures controlling Segovia’s high-grade deposits extend into underexplored ground the company assembled through a targeted land acquisition campaign. Its projects in Segovia, Puerto Berrio and Abejorral, all in Antioquia province, were selected for surface indications of gold and silver and for their proximity to established producers.
Expanded drill program
The tight correlation between initial drill intercepts and the company’s geological models has prompted Quimbaya to expand its drilling beyond the original Phase 1 allocation. The group aims to assess continuity at depth and along strike and to refine vectors for systematic step-out drilling next year.
For a company of Quimbaya’s size, establishing proof that it controls a segment of a major district-scale system is an important milestone. Junior explorers in Colombia’s crowded gold sector typically struggle to differentiate themselves without early technical validation. Should the confirmed continuity of the S and V veins be replicated across additional targets, Tahami South could develop into a more substantial prospect within one of the world’s most established high-grade gold regions.
The company now faces the familiar challenge for exploration-stage miners: maintaining momentum, managing dilution and demonstrating that early hits form part of a coherent, scalable system. Investors will look to the consolidated assay release for the first real indication of whether the emerging discoveries justify the acceleration of drilling and the heightened expectations that now accompany it.
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