On the Vancouver Useful resource Funding Convention, Alexandre Boivin, CEO of Quimbaya Gold (CSE:QIM), make clear the corporate’s strategic focus in Colombia, highlighting the nation’s huge, untapped mineral sources.
“(Colombia) is essentially the most underexplored nation in all of South America,” mentioned Boivin. “Colombia has big exploration potential, and the large guys from the business are already there.”
He pointed to Zijin Mining’s (OTC Pink:ZIJMF,HKEX:2899) $1.9 billion acquisition of Continental Gold, in addition to Aris Mining’s (TSX:ARIS,NYSEAMERICAN:ARMN) enlargement efforts, as indicators of Colombia’s rising enchantment.
Boivin elaborated on Quimbaya’s flagship Tahami mission, positioned within the prolific Antioquia province, which produces 50 % of Colombia’s gold. “There’s a number of indication for the place there’s gold, as a result of artisanal miners are already there … and there are historic mines,” he mentioned, noting that Quimbaya’s mission is surrounded by established miners like Aris.
The corporate is planning a 4,000 meter drilling marketing campaign in 2025.
Boivin mentioned the objective is to show the strike of the vein system and its depth. Neighboring mines have already reported sources with grades of 16.1 grams per metric ton, enhancing optimism about Quimbaya’s mission’s potential, Boivin mentioned.
To finance exploration, Quimbaya has partnered with impartial drilling corporations with structured agreements to handle prices effectively by paying in shares or a mix of money and shares.
This can enable Quimbaya to reduce capital raises, the chief government defined.
Watch the complete interview with Quimbaya Gold CEO Alexandre Boivin above.
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