Tiger Gold Drills 214m at 0.7 g/t Au at Ceibal, Extends Mineralization to 600m Depth
TSXV: TIGR | OTCQB: TGRGF | FSE: D150
Overview
Tiger Gold Corp. announced assay results from drillhole CEDDH-010 at its Ceibal target within the Quinchía Gold Project in Colombia's Mid-Cauca gold belt. The 80-metre step-out hole intersected predominantly porphyry-style mineralization over a 685.7-metre near-surface interval, with the hole ending in mineralization at approximately 600 metres below surface. The initial 5,000-metre drill program at Ceibal forms part of the company's ongoing 20,000-metre drill program at the Quinchía Gold Project.
Key Highlights
- CEDDH-010 returned 214 metres at 0.7 g/t Au from 22 metres downhole, including 23 metres at 1.1 g/t Au and 8 metres at 1.0 g/t Au
- Second composite interval of 437.05 metres at 0.5 g/t Au from 271 metres downhole, including 9 metres at 2.2 g/t Au and 10 metres at 1.4 g/t Au
- Hole ended in mineralization at 707.7 metres downhole, approximately 600 metres below surface, and remains open at depth
- Mineralized corridor delineated with apparent strike length of at least 300 metres, average width of approximately 300 metres, and vertical continuity traced over 600 metres
- Ceibal target area coincident with a sub-circular Au-Mo surface geochemical anomaly with an approximately 800 by 600-metre footprint
- Three drill rigs remain active across the project, with assays pending from Ceibal, Dos Quebradas, and Tesorito
Strategic Context
Robert Vallis, President and CEO, stated: "CEDDH-010 delivers another strong result for Ceibal and extends the scale of mineralization along our first section line. Drilled as a step-back of the CEDDH-001 discovery hole, CEDDH-010 intersected predominantly porphyry-style mineralization over a 686-metre interval beginning near surface, with the hole ending in mineralization."
Vallis added that Ceibal remains open along its apparent strike and to depth, with the balance of the initial program primarily focused on step-out drilling to the northwest and southeast. CEDDH-010 was drilled with the collar set approximately 80 metres northeast of the CEDDH-001 discovery hole along the same section line, designed to test the long near-surface gold mineralization intersected in CEDDH-001, CEDDH-005, and CEDDH-009 for depth continuity.
The hole intersected dacite porphyry over most of its drilled length, with vertically continuous potassic alteration, sustained chalcopyrite at approximately 0.2 to 0.4 percent, recurrent traces of bornite and covellite, abundant magnetite, and persistent QM-, B-, and M-type vein networks consistent with porphyry-style gold mineralization.
What to Watch Next
- Assay results from CEDDH-012, a further step-back collared approximately 150 metres northeast of CEDDH-001
- Step-out drilling results to the northwest and southeast to test Ceibal's apparent strike extent
- Pending assay results from Dos Quebradas and Tesorito targets
- Progress on the broader 20,000-metre drill program at the Quinchía Gold Project
About Tiger Gold Corp.
Tiger Gold is a growth-oriented gold exploration and mine development company focused on advancing the Quinchía Gold Project, a multi-million-ounce gold project in the prolific Mid-Cauca belt of Colombia, over which Tiger holds an option to acquire 100 percent interest. The company is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists, and corporate finance professionals with a track record at globally recognized mining companies including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, NewGold, Pretium Resources, and others.
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