On December 9, 2024, Tiger Gold entered into a share purchase option agreement with LCL, AndesCo, MCM, and North Hill. The agreement granted Tiger Gold an exclusive option to acquire a 100% interest in LCL’s interest in the holding companies that own the Quinchía Gold Project.
The Quinchía Gold Project consists of six mineral titles held by Miraflores Compania Minera S.A.S. (MCM) plus several exploration applications.
Following payment of the first milestone under the Option Agreement, Tiger Gold was appointed operator of the Quinchia gold property.
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Summary:
The Quinchía Gold Project lies along the eastern flank of the Western Cordillera of the Colombian Andes, within the Romeral Terrane. The Romeral Terrane is a tectonic mélange formed during the Early Cretaceous by the collision and accretion of Mesozoic volcanic and sedimentary oceanic rocks to the northern Andean paleo-continental margin (Cediel and Cáceres, 2000; Cediel et al., 2003).
At the district scale, the Quinchía Gold Project lies within a cluster of porphyry intrusions and associated hydrothermal systems. Mineral deposits on the property are interpreted to have formed in association with a fertile hypabyssal porphyry cluster. Their genesis is interpreted to be intimately related to the evolution, degassing, and cooling of magmatic and hydrothermal fluids derived from a parent porphyry system.
Miraflores Deposit Model
Miraflores is a gold-silver-bearing magmatic-hydrothermal breccia pipe, genetically related to porphyry systems. These deposits are typically associated with shallow-level, volatile-rich intrusive centres within porphyry districts. Their formation is controlled by the exsolution of magmatic-hydrothermal fluids during the cooling and crystallization of porphyry intrusions.
Tesorito Deposit Model
The Tesorito deposit is interpreted as a gold-silver porphyry system, with minor copper and molybdenum, developed within a multiphase intrusive complex. Porphyry deposits of this type typically form in convergent margin settings, where intermediate to felsic magmas evolve and exsolve volatile-rich fluids (Seedorff et al., 2005). These fluids drive hydrothermal alteration and mineralization within the host rocks, commonly resulting in disseminated and vein-hosted sulphide mineralization accompanied by systematic alteration zonation.
Mineralisation in porphyry systems such as Tesorito generally occurs as disseminations and stockworks of pyrite, chalcopyrite, molybdenite, and magnetite, with gold commonly associated with sulphide phases. Oxidation depths are shallow, typically extending to about 20 m, with primary sulphides dominant at depth. Conceptually, the Tesorito porphyry system is interpreted to represent a cylindrical to elongate intrusive centre with a core of diorite porphyry and breccia units, surrounded by mineralised andesite host rocks. Faulting and fracturing have played a critical role in controlling both the geometry of the intrusions and the distribution of hydrothermal alteration and mineralisation.
Mineralisation
Mineralisation in the Quinchía district is spatially associated with hypabyssal porphyritic intrusions and related breccias, and is expressed as both gold-copper porphyry systems and epithermal-style deposits.
In addition, other deposits and prospects occur within the broader Quinchía district, including the Dos Quebradas deposit, and deposits controlled by others such as La Cumbre. These deposits are porphyry-style systems and have been reported by other issuers to contain Mineral Resources.
Miraflores is a gold- and silver-bearing magmatic-hydrothermal breccia pipe with minor copper. Mineralisation occurs in a polymictic breccia body and adjacent volcanic rocks. The breccia pipe has approximate surface dimensions of 250 m by 200 m and extends to depths greater than 350 m, with mineralisation hosted in quartz-carbonate cement and enhanced by late-stage cross-cutting veins.
Tesorito is a gold-silver porphyry system with minor copper and molybdenite. Mineralisation is hosted in early to intermineral diorite porphyries and associated magmatic breccias, with extensions into surrounding andesites and sedimentary rocks. The system is elongated north-northeast, parallel to the Marmato Fault Corridor, with a footprint exceeding 700 m by 350 m and a vertical extent of at least 450 m. Mineralisation remains open to the northeast, southwest, east, and at depth, with drilling suggesting the presence of additional porphyry centres to the west of the Marmato Fault.
Miraflores
The Miraflores deposit is a magmatic-hydrothermal breccia pipe, classified as a low- to intermediate-sulphidation epithermal system. Mineralisation is hosted within a polymictic breccia body, interpreted to comprise at least three breccia pulses. The breccia has a steeply vertical geometry, with known mineralisation extending from surface to depths greater than 350 m.
The Miraflores breccia pipe has approximate surface dimensions of 250 m by 200 m, with mineralisation traced to depths exceeding 350 m. High-grade zones occur between 200 to 300 m depth and are interpreted to represent a hydrothermal boiling horizon. Continuity of mineralisation is supported by drilling and by underground artisanal workings of the Asociación de Mineros de Miraflores (AMM). Limited deep drilling to approximately 500 m has intersected breccia containing visible gold, hydrothermal quartz-calcite and base metal sulphide mineralisation.
Tesorito
The Tesorito deposit is interpreted as a gold-silver porphyry system with minor copper and molybdenite. Mineralisation is hosted primarily within early to inter-mineral diorite porphyry intrusives and associated magmatic breccias, with additional mineralisation extending into adjacent andesite porphyry, sandstones, mudstones, and basalts. Based on metal contents, Tesorito lies within the Au-rich field of porphyry deposits (Sillitoe, 2000). The strongest mineralisation is typically associated with early diorite plugs, magmatic breccias, and zones of dense porphyry-style veining.
The mineralised system has a footprint of more than 700 m in strike and 350 m in width, with vertical extent confirmed to at least 450 m. The system remains open at depth and along strike to the northeast and southwest, and with additional potential laterally to the southeast. Drilling to date indicates that mineralisation continues laterally across structural boundaries and suggests that additional porphyry centres may occur to the west of the Marmato Fault.
Other Prospects
In addition to Miraflores and Tesorito, several other prospects have been identified within the Quinchía Gold Project, including Dos Quebradas, Ceibal, Chuscal, Santa Sofia, La Loma, and Miracielo, along with additional targets that remain to be advanced. These prospects are characterised by similar intrusive-volcanic associations and alteration styles as the Miraflores and Tesorito deposits. They are commonly localised at intersections of north-northeast- and north-northwest-trending fault systems, and together underscore the broader district-scale potential of the property. These prospects are considered exploration targets only, and their potential is conceptual in nature. Future programs may include surface mapping, geochemistry, and drilling to evaluate their potential.