Tiger Gold Intersects 538.1 m @ 0.5 g/t Au and 386 m @ 0.6 g/t Au from Surface in Ceibal Scissor Holes
TSXV: TIGR | OTCQB: TGRGF
Overview
Tiger Gold Corp. announced assay results from scissor holes CEDDH-020 and CEDDH-021 from its Ceibal target at its Quinchía Gold Project in Colombia's Mid-Cauca gold belt, according to the company. Ceibal lies 1 kilometre south of the Miraflores deposit and southwest of the Tesorito deposit, the company said.
According to the company, CEDDH-021 intersected 538.1 m @ 0.5 g/t Au from surface to the end of the hole, while CEDDH-020 intersected 386 m @ 0.6 g/t Au from surface. The company stated that three rigs are currently drilling at Ceibal, with results pending from 13 holes.
Key Highlights
- CEDDH-021 intersected 538.1 m @ 0.5 g/t Au from surface to the end of the hole, including 10 m @ 1.1 g/t Au from 112 m downhole, according to the company.
- CEDDH-020 intersected 386 m @ 0.6 g/t Au from surface, including 18 m @ 1.1 g/t Au from 78 m downhole and 6 m @ 2.1 g/t Au from 116 m downhole, according to the company.
- Three rigs are drilling at Ceibal, with results pending from 13 holes, the company said.
- Ceibal drilling is intended to support a maiden Mineral Resource estimate, as part of an expanded Preliminary Economic Assessment (PEA) for the Quinchía Gold Project, according to the company.
- Tiger has drilled more than 12,200 metres in 30 holes at Ceibal to date, as part of its ongoing drill program, the company stated.
Strategic/Operational Context
Robert Vallis, President and CEO, commented, "We are peeling the layers of the onion at Ceibal in the right order. These scissor holes look at the system from a different direction, and each layer sharpens our understanding of its scope and scale. Drilling continues with three rigs at Ceibal as we work toward a maiden Mineral Resource estimate and an updated PEA."
According to the company, most holes at Ceibal are drilled toward the southwest along parallel section lines, while CEDDH-020 and CEDDH-021 were drilled toward each other from collars 276 metres apart, oblique to those lines, to test the lateral extent of mineralization across those lines from a different direction. The company stated that the scissor holes also provide oriented-core structural data from a new direction, complementing the southwest-directed holes, though these data are not yet sufficient to determine the orientation of the mineralization. Drilling has outlined a mineralized corridor with an apparent northwesterly trend whose strike, true thickness, and continuity are not yet defined, and mineralization remains open at depth and to the west and southwest, according to the company.
Resources and Financials
- CEDDH-021: 538.1 m @ 0.5 g/t Au from surface (0 to 538.1 m), including 10 m @ 1.1 g/t Au from 112 to 122 m, according to the company's Table 1.
- CEDDH-020: 386 m @ 0.6 g/t Au from surface (0 to 386 m), including 18 m @ 1.1 g/t Au from 78 to 96 m, 6 m @ 2.1 g/t Au from 116 to 122 m, and 38 m @ 0.2 g/t Au from 400 to 438 m, according to the company's Table 1.
- Tiger has drilled more than 12,200 metres in 30 holes at Ceibal to date, the company said.
- Results are pending for 13 holes at Ceibal (CEDDH-024 to CEDDH-036) and 19 holes (3,484 metres) at Tesorito, according to the company.
What to Watch Next
- Results are still to be reported for 13 holes at Ceibal: CEDDH-024 to CEDDH-036, according to the company.
- Tiger is targeting to report a maiden Mineral Resource estimate for Ceibal in the first quarter of 2027, according to the company.
- Results are pending from 19 holes (3,484 metres) at Tesorito, intended to support an updated Mineral Resource estimate for Tesorito in early 2027, according to the company.
- An updated Preliminary Economic Assessment is targeted for near the end of the first quarter of 2027, anticipated to incorporate Tesorito, Miraflores, and, subject to completion of a maiden Mineral Resource estimate, Ceibal, according to the company.
About Tiger Gold Corp.
Tiger is a growth-oriented gold exploration and mine development company focused on advancing its 100% owned flagship asset, the Quinchía Gold Project, in the prolific Mid-Cauca belt of Colombia. Tiger is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists, and corporate finance professionals with a track record of exploration success, project advancement, and bringing mines into production at globally recognized mining companies including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, New Gold, Pretium Resources, and others.
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