Quimbaya Gold Mobilizes Second Drill Rig at Tahami South; Announces Marketing Agreements
Quimbaya Gold (OTCQB: QIMGF) has announced the deployment of a second drill rig at its Tahami South Project in Antioquia, Colombia. The additional rig aims to accelerate the ongoing 4,000 meters drill program following positive initial observations in the first holes.
Additionally, the company has secured multiple marketing agreements with leading digital platforms including CEO.CA Technologies (CAD 15,000), Spark Newswire (USD 75,000), and Northern Miner Group (CAD 15,000) to enhance investor awareness of their exploration program.
- Addition of second drill rig to accelerate 4,000 meters drilling program
- Positive initial observations reported from first holes at Tahami South
- Strategic marketing initiatives to increase investor visibility
- Significant marketing expenses totaling over CAD 135,000 for short-term contracts
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2025) - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce the mobilization of a second drill rig to the Tahami South area of its
The additional drill rig has been deployed to accelerate the ongoing 4,000 meters drill program following positive initial observations in the first holes at Tahami South.
"With a strong gold market, a supportive environment in Colombia, and positive initial observations at Tahami South, we have decided to mobilize a second drill rig," said Alexandre P. Boivin, CEO of Quimbaya Gold. "This decision reflects our commitment to advancing the project efficiently - Now is the time to accelerate!"
Marketing & Investor Awareness Agreements
The Company has also entered into agreements to expand investor awareness across leading digital platforms:
- CEO.CA Technologies Ltd. - six-month contract beginning September 1, 2025, through February 28, 2026, for a total cost of CAD 15,000, payable in cash.
- Spark Newswire Ltd. - three-month contract beginning September 1, 2025, through November 30, 2025, for a total cost of USD 75,000 (CAD 105,209), payable in cash.
- Northern Miner Group / EarthLabs Media - four-month contract beginning September 1, 2025, through December 31, 2025, for a total cost of CAD 15,000, payable in cash.
Neither CEO.CA, Northern Miner Group / EarthLabs nor Spark hold any securities of the Company.
"These marketing agreements will help ensure our accelerated exploration program receives the visibility it deserves as drilling advances," added Alexandre P. Boivin.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Contact Information
Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com
Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com
Quimbaya Gold Inc.
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Cautionary Statements
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements herein include statements and information regarding the Offering's intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company's properties and any results thereof, the strength of the Company's mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company's, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company's exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company's mineral properties; an inability to finance the Company; obtaining required permitting on the Company's mineral properties in a timely manner; any adverse changes to the planned operations of the Company's mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company's projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company's ability to comply with environmental, health and safety laws. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
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FAQ
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