For the primary time ever, in Independence Drilling’s historical past, the corporate has accepted half fee in Quimbaya Gold shares, aligning its curiosity with Quimbaya’s, reflecting their confidence in administration, and in the end proving their belief in profitable discoveries and potential upside influence on the long run worth of Quimbaya Gold. The contract specifies the execution of drilling campaigns with a minimal of 1,500 meters every, with drilling anticipated to begin within the third quarter of 2024. Quimbaya’s exploration workforce, consisting of over 20 professionals, is at present defining preliminary drilling targets, and the Firm plans to announce the extension of the primary marketing campaign shortly, to be accomplished inside this 12 months.
This partnership brings extra than simply drilling experience. Independence possesses an unparalleled understanding of the nation’s distinctive geological, social, and regulatory setting, constructing robust relationships with native communities. These attributes have been instrumental within the success of quite a few main exploration tasks. The contract is a big achievement and can help in Quimbaya Gold’s effort to show the potential existence of gold mineralization in its properties.
Alexandre P. Boivin, President and CEO of Quimbaya Gold, commented, “This partnership marks a big milestone for Quimbaya Gold. Independence’s deep-rooted presence in Colombia, coupled with their confirmed observe file, gives us with a aggressive benefit. By leveraging their experience, we’re well-positioned to speed up our exploration efforts and unlock the complete potential of our property. Furthermore, their willingness to share as investor, in our success, highlights the strategic nature of this alliance.”
About Quimbaya Gold
Quimbaya goals to consolidate gold reserves via the exploration and acquisition of mining properties in Antioquia, Colombia. Managed by an skilled workforce within the mining sector, Quimbaya Gold is concentrated on three tasks within the areas of Segovia (the Tahami Mission), Puerto Berrio (the Berrio Mission), and Abejorral (the Maitamac Mission), all positioned within the Antioquia Province, Colombia.
Quimbaya Gold Inc.
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Cautionary Statements
Sure statements contained on this press launch represent “forward-looking info” as that time period is outlined in relevant Canadian securities laws. All statements, aside from statements of historic truth, included herein are forward-looking info. Specifically, this information launch comprises forward-looking info in relation the anticipated outcomes or success of any drilling marketing campaign; any future potential existence of gold mineralization in its properties; the quantity the Firm will drill; the satisfaction of the fee of the drilling contract and the issuance of compensation shares and money. Usually, forward-looking statements and data might be recognized by means of forward-looking terminology akin to “intends”, “anticipates”, or “plans” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “might”, “ought to”, “would” or “happen”. Ahead-looking info by its nature relies on assumptions and contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of Quimbaya to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements or info. Though Quimbaya’s administration believes that the assumptions made and the expectations represented by such info are affordable, there might be no assurance that the forward-looking info will show to be correct. Moreover, ought to a number of of the dangers, uncertainties or different elements materialize, or ought to underlying assumptions show incorrect, precise outcomes could fluctuate materially from these described in forward-looking statements or info. Readers are cautioned to not place undue reliance on forward-looking info as there might be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Ahead-looking info contained on this information launch is expressly certified by this cautionary assertion. The forward-looking info contained on this information launch represents the expectations of Quimbaya as of the date of this information launch and, accordingly, is topic to vary after such date. Besides as required by legislation, Quimbaya doesn’t count on to replace forward-looking statements and data frequently as situations change.
Neither the Canadian Securities Change nor its regulation providers supplier accepts duty for the adequacy or accuracy of this launch.
