Tiger Gold (TSX-V:TIGR) has finalised its transaction with LCL Resources (ASX:LCL) to acquire a 100% interest in both the Quinchía Gold Project and the Andes Gold Project in Colombia.
Tiger Gold is expanding exploration at the Quinchía Gold Project following completion of a C$21 million ($21.37 million) financing package. The company has more than 160 employees and contractors on site, with three drill rigs operating and a fourth expected to arrive in August 2026.
Undertaking a 22,000m drilling program, Tiger Gold aims to expand the project’s mineral resource estimate (MRE). This includes a 15,000m program currently underway at the Ceibal target, which is intended to support a maiden MRE expected in Q1 2027.
CEO Robert Vallis says the company is focused on accelerating exploration across the district-scale gold system.
“We believe this is a large district-scale gold system that has meaningful room to grow and our goal this year is to double the resource base and deliver that value for shareholders,” Vallis says.
The Ceibal target sits within the Marmato Fault Corridor, located roughly 1km south of the Miraflores deposit and 1km southwest of the Tesorito deposit. According to Tiger Gold, recent step-out drilling and geological reinterpretation suggest the potential for a large near-surface gold system that remains open along strike and at depth.
As part of the broader campaign, Tiger Gold plans to complete 4,500m of infill, gap, and extension drilling at Tesorito. The work aims to upgrade a significant portion of the current Inferred mineral resource to the Indicated category ahead of Prefeasibility Studies.
The remaining 2,500m of drilling will target regional prospects including Chuscal. Tiger Gold also plans to advance environmental, engineering, and social work ahead of planned PFS in 2027.
Write to France Pinzon at Mining.com.au
Images: Tiger Gold
