Tiger Gold Intersects Potential Feeder Zone Beneath Tesorito Mineral Resource with 16.9
Tiger Gold Intersects Potential Feeder Zone
Beneath Tesorito Mineral Resource with 16.9
m @ 2.3 g/t Au and 0.25% Cu, including 6 m @
4.1 g/t Au and 0.43% Cu, within 89.96 m @ 0.9
g/t Au
VANCOUVER, BC
,
Feb. 24, 2026
/CNW/ - Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) (OTCQB:
TGRGF) ("Tiger" or the "Company") is pleased to report assay results from two drillholes from its
ongoing diamond drilling campaign at the Tesorito deposit at its Quinchía Gold Project in Colombia.
The Quinchía Gold Project is located in central Colombia's prolific Mid-Cauca gold belt,
approximately 20 kilometres south of Aris Mining's Marmato Gold Mine and Collective Mining's
Apollo deposit.
Highlights:
TSDH-71 intersected
89.96 m grading 0.9 g/t Au
from 426 m downhole.
Contained within this zone was a meaningful Au-Cu-Mo porphyry sub-interval of
16.9 m grading
2.3 g/t Au, 0.25% Cu, and 158 ppm Mo
.
Including
6 m grading 4.1 g/t Au, 0.43% Cu, and 302 ppm Mo
.
This mineralization is not typical of the main Tesorito deposit and may be the feeder zone.
These intervals are beneath the current Mineral Resource and are at grades substantially
higher-than-modelled and follow-up drilling has commenced with TSDH-80.
TSDH-70 intersected
79 m at 0.6 g/t Au
from 2 m downhole.
Two rigs continue infill and extension drilling at Tesorito, with assays pending from 4 holes.
A third rig continues drilling at Dos Quebradas, with assays from the first hole pending.
Robert Vallis, President & CEO, commented, "TSDH-71 has delivered a genuinely exciting result at
depth, which was a key objective of our initial drill program at Tesorito. We intersected a robust 90-
metre interval grading 0.9 g/t Au below the current Mineral Resource, including a 16.9-metre interval
averaging 2.3 g/t Au with meaningful copper and molybdenum values – a mineralizing event
previously not observed and may be the feeder zone for the Tesorito porphyry system. This interval
speaks to the fertility and prospectivity of the Quinchía Project and provides a new high-priority
target that we are following up with additional drilling now."
Drilling results are summarized in Table 1 and 2 near the end of this release. Figure 1 is a map of
drillhole locations and Figure 2 is a cross-section of the reported results. Figure 3 is a regional map
showing the deposits and high-priority prospects of the Quinchía Gold Project.
TSDH-71 Intersects Potential Feeder Zone with Follow-Up Drilling Underway
Drillhole TSDH-71 was designed to test down-dip extensions of the Tesorito block model below the
base of the Mineral Resource's conceptual pit shell, in support of potential future resource growth,
and to follow up on previously identified vectors at depth.
The hole intersected a broad 89.96-
metre interval averaging 0.9 g/t Au below the current Mineral Resource
. This interval extends
to the interpreted contact with the Marmato Fault at the end of the hole.
Of particular interest within this broader interval is a
16.9-metre interval (455.1-472 m) averaging
2.3 g/t Au, 0.25% Cu, and 158 ppm Mo,
including a higher-grade
6-metre interval (456-462 m)
averaging 4.1 g/t Au, 0.43% Cu, and 302 ppm Mo
. These copper and molybdenum grades are
substantially higher than what is typically observed at Tesorito, which is characterised as a gold-
dominant porphyry system with trace silver and molybdenum.
This interval coincides with the interpreted transition into an intrusive-dominated porphyry corridor,
moving from the andesite into an early diorite and intrusive breccia sequence. Core logging in this
section records a strong potassic alteration assemblage with moderate chlorite-sericite overprint
and porphyry-style veining, including chalcopyrite-bearing veinlets with magnetite and local A-type
veinlets, together with gypsum veins and copper- and molybdenum-bearing sulphides (chalcopyrite
+/- molybdenite). Chalcopyrite content is estimated at 0.7% to 1.0% by volume within the early
diorite and intrusive breccia, and the Company interprets this alteration and veining assemblage as
the primary control on the higher-grade Au-Cu mineralization observed in this section. The Company
believes these results are consistent with a distinct mineralizing event and may represent the feeder
zone to the Tesorito porphyry system, which provides a new high-priority target for follow-up drilling.
Core logging from TSDH-78, drilled above TSDH-71 on the same section line, has identified an
interval with similar porphyry-style mineralization and veining characteristics. Assays are pending and
will be reported following receipt, quality control review, and interpretation. TSDH-80 is also
underway from the same drill pad as TSDH-71 but at a steeper inclination, to test the down-dip
extension of this new mineralizing event.
The Company continues to integrate these results into its exploration modelling and is advancing
follow-up drilling to test the continuity, geometry, and controls of this discovery and further evaluate
its significance within the broader Tesorito system.
TSDH-71 also tested a narrow down-dip extension with a modelled width of approximately 20
metres, projected to be intersected beginning at approximately 370 metres downhole. Assays
through this interval indicate that the relatively higher-grade zone pinches out down-dip in this
location. Importantly, this interval lies outside the current Mineral Resource estimate and is not
expected to affect the estimate.
TSDH-70 Confirms Eastern Margin Continuity with 79 m at 0.6 g/t Au
Hole TSDH-70 was designed to test the shallow eastern limits of the Tesorito block model in a
previously sparsely drilled area. The hole intersected
79 metres averaging 0.6 g/t Au from 2
metres downhole
, confirming near-surface mineralization at the eastern margin of the system.
Mineralization in the reported interval is associated with B-type quartz-magnetite-pyrite veinlets with
minor chalcopyrite and is accompanied by potassic alteration with a chlorite-sericite overprint
observed from approximately 26 to 79 metres downhole, consistent with the interpreted porphyry-
style mineralizing system at Tesorito.
More Results Expected Shortly as Drilling Continues at Tesorito and Dos Quebradas
Drilling continues at Tesorito with two diamond drill rigs, and additional assay results are pending
from three holes with two additional holes being drilled now. At Dos Quebradas, a third rig has
commenced its second hole, with assays pending from the first hole. These programs reflect the
Company's strategy to systematically test high-impact targets across the Quinchía Gold Project and
support potential future Mineral Resource growth.
Tesorito Drill Program Targets Resource Growth and Improved Confidence
The Tesorito drill program is designed to improve confidence in the Mineral Resource and to test
margins and depth extensions to expand known mineralization. Drilling includes both step-out and
infill components, with infill drilling intended to support upgrading a significant portion of the Inferred
Mineral Resource to the Indicated category and advance the project towards a pre-feasibility or
feasibility-level study. A summary of Mineral Resources and the Preliminary Economic Assessment
("PEA") for the Quinchía Gold Project is provided below.
Figure 1: Plan map of Tesorito drillhole collar and section locations (CNW Group/Tiger Gold Corp.)
Figure 2: Tesorito Section A-A’ (looking N040°) (CNW Group/Tiger Gold Corp.)
Table 1: TSDH-70 and TSDH-71 Assays Results
Drillhole
From
To
Interval
True Width
Au
Ag
Cu
Mo
ID
(m)
(m)
(m)
(m)
(g/t)
(g/t)
( %)
(ppm)
TSDH-70
2
81
79
71.4
0.6
1.3
0.07
20
TSDH-71
356
390
34
29.7
0.2
0.6
0.02
16
and
426
515.96
89.96
79.0
0.9
1.0
0.08
57
incl.
455.1
472
16.9
Unknown
2.3
2.0
0.25
158
incl.
456
462
6
Unknown
4.1
3.5
0.43
302
incl.
480
486
6
5.3
1.5
1.6
0.12
41
1.
All composite intervals are reported over a minimum downhole length of 10 m at a minimum length-weighted grade of 0.2 g/t Au, allowing for up to 10 m of consecutive internal
dilution below cut-off.
2.
All reported intervals refer to downhole core lengths. True width estimates are based upon the Company's current interpretation.
3.
Higher-grade intervals, if any, reported as any interval over a minimum length of 5 m at a minimum length-weighted grade of 1 g/t Au, allowing for up to 5 m of consecutive
internal dilution below cut-off. No assays were capped.
Table 2: Drillhole Collar Information (EPSG:32618)
Drillhole
Easting
Northing
Elevation
Length
Azimuth
Dip
ID
(m)
(m)
(m asl)
(m)
(°)
(°)
TSDH-70
423,750
584,345
1,257
164.3
130
-60
TSDH-71
423,625
584,455
1,298
185.35
130
-60
Figure 3: Quinchía Gold Project Deposits and Prospects (CNW Group/Tiger Gold Corp.)
Mineral Resources and PEA
Quinchia Gold Project PEA
A report titled
Quinchía Gold Project NI 43-101 Technical Report & Preliminary Economic
Assessment, Department of Risaralda, Colombia
(effective September 18, 2025) (the "Technical
Report") was completed by Ausenco Engineering, Moose Mountain Technical Services, and Aurum
Consulting and filed on SEDAR+ on December 10, 2025. The Technical Report also supports the
disclosure of Mineral Resources.
The PEA base case evaluated the Quinchía Gold Project's Miraflores and Tesorito deposits at a
US$2,650/oz gold price and US$29.51/oz silver price using a discounted cash flow analysis at a 5%
discount rate and, based upon the assumptions set out in the technical report, resulted in a post-tax
net present value ("NPV") (5%) of US$534 million, an internal rate of return ("IRR") of 21.3% and a
payback period of 3.83 years. Over the 10.2-year mine life, the PEA reported average annual
payable production of 138 koz of gold and 104 koz of silver (141 koz gold equivalent), with cash
costs of US$1,199/oz Au and all-in sustaining costs ("AISC") of US$1,340/oz Au. The PEA also
outlined an upside case at US$3,700/oz Au that yielded a post-tax NPV (5%) of US$1.188 billion and
an IRR of 36.5%.
The PEA is, by definition, preliminary in nature and includes Inferred Mineral Resources that are
considered too speculative geologically to have the economic considerations applied to them that
would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA
results will be realized. The results of the economic analyses represent forward-looking information
and are subject to known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from those presented.
The Technical Report includes Mineral Resource estimates for the Miraflores and Tesorito deposits
with an effective date of July 31, 2025. The Mineral Resources were estimated using CIM
Definition
Standards for Mineral Resources and Mineral Reserves
(2014) ("CIM Standards") and in
accordance with CIM
Mineral Resources and Mineral Resources Best Practice Guidelines
(2019).
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Tesorito Gold Deposit
At an open-pit cut-off grade of 0.20 g/t Au:
Inferred: 104 Mt at 0.47 g/t Au for 1.57 Moz Au, and 0.58 g/t Ag for 1.96 Moz Ag
Miraflores Gold Deposit
At an underground cut-off grade of 1.37 g/t gold equivalent ("AuEq"):
Measured: 2.8 Mt at 2.75 g/t Au for 0.24 Moz Au, and 2.37 g/t Ag for 0.21 Moz Ag
Indicated: 3.3 Mt at 2.52 g/t Au for 0.27 Moz Au, and 2.20 g/t Ag for 0.23 Moz Ag
Measured + Indicated: 6.1 Mt at 2.62 g/t Au for 0.51 Moz Au, and 2.28 g/t Ag for 0.44 Moz Ag
Inferred: 0.08 Mt at 2.81 g/t Au for 0.01 Moz Au, and 2.54 g/t Ag for 0.01 Moz Ag
Sampling, Quality Assurance and Quality Control
All drill core is logged by a Company geologist, photographed, and cut in half at the Company's core
facility in Quinchía, Colombia. One half of the core is bagged and sent to ALS' laboratory in Medellín
for sample preparation and with sub-samples sent to ALS' laboratory in Lima, Perú for analysis,
while the other half is retained onsite as a witness sample. ALS' Medellín and Lima laboratories are
ISO/IEC 17025 accredited and are independent of the Company. All samples are analyzed for gold
using 50 g fire assay with AAS finish (Au-AA26). Samples are also analyzed for a 48-element suite
by ICP-AES and ICP-MS following a four-acid digestion (ME-MS61L). Where applicable, high-grade
and overlimit assays are re-analyzed using an appropriate technique. In addition to the laboratory's
QA/QC practices, certified reference materials, coarse blanks, and duplicates are inserted into the
sample stream to monitor analytical performance. Collar coordinates are preliminary and were
recorded in the field using handheld GPS. Drill core was orientated, and downhole orientation
surveys were collected at regular intervals. Only results that meet Tiger's QA/QC protocols are
reported.
Qualified Person
The pertinent scientific and technical information contained in this release has been reviewed and
approved by Jeremy Link, M.Eng., P.Eng., Tiger's Vice-President, Corporate Development, and
César García, M.Sc., FAusIMM, the Company's Exploration Manager in Colombia, each of whom is
a "qualified person" as defined by Canadian Securities Administrators' within the meaning of
National
Instrument 43-101 Standards of Disclosure for Mineral Projects
("NI 43-101").
About Tiger Gold Corp.
Tiger is a growth-oriented mining, exploration, and development company focused on advancing its
flagship asset, the Quinchía Gold Project, a multi-million-ounce gold project in the prolific Mid-Cauca
belt of Colombia. Tiger is led by a multidisciplinary team of experienced mine builders, engineering,
metallurgical, ESG, and corporate finance professionals who have brought numerous mines into
production at globally recognized mining companies including AngloGold Ashanti, Barrick Gold,
Yamana Gold, Detour Gold, NewGold, Pretium Resources and many others.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-looking Statements
This news release contains forward-looking information and forward-looking statements, as such
terms are defined under applicable securities laws (collectively, "forward-looking statements").
Often, but not always, forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "budget", "scheduled",
"forecasts", "projects", "intends", "suggests", "preliminary", "confident", "interpreted", "targets",
"aims", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases,
or statements that certain actions, events or results "may", "could", "can", "would", "might" or "will"
be taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
uncertainties, assumptions (which may prove incorrect) and other factors which may cause the
actual results, performance or achievements of Tiger to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking statements.
Forward-looking information in this news release includes, but is not limited to, statements regarding
Tiger's objectives, goals or future plans; statements regarding exploration results, potential
mineralization, potential porphyry plugs, potential feeder zones and potential porphyry centres,
lateral extensions, and the potential to expand mineralization or improve grade, including through
infill, extension, and step-out drilling; Tiger's plans to execute and complete its Phase 1 and Phase 2
exploration programs, including drill programs and Mineral Resource estimate updates; statements
regarding planned field programs and future technical studies, including preliminary feasibility or
feasibility-level studies; exploration and project development plans at the Quinchía Gold Project and
regionally; statements regarding regional exploration potential and the ability to develop exploration
targets, drill targets and define resources; the establishment of mutually beneficial partnerships with
local and Indigenous communities; the timing of the commencement of operations; and estimates of
market conditions. Forward-looking statements are based upon assumptions including, without
limitation, the availability of drilling rigs and other equipment, contractors and supplies, continued site
access, receipt of required permits and approvals, the Company's ability to maintain community and
stakeholder support, and that exploration and drilling results will be consistent with management's
expectations. Such forward-looking information also includes statements regarding the Preliminary
Economic Assessment for the Quinchía Gold Project, which by definition is preliminary in nature,
includes Inferred Mineral Resources that are considered too speculative geologically to have the
economic considerations applied to them that would enable them to be categorized as Mineral
Reserves, and for which there is no certainty that the economics or results described will be
realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic
viability. Any references to nearby projects, properties, or mines are provided for regional context
only, and mineralization on adjacent or nearby properties is not necessarily indicative of
mineralization on the Quinchía Gold Project.
Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to, failure to intersect potentially economic intervals of mineralization;
uncertainties related to geological continuity, potential mineralization and the extent of mineralization,
which may not yield economically viable results; additional mineralized zones that may not contain
economically viable mineralization due to geological complexity or insufficient drilling data; risks that
historical drilling data may be incomplete, inaccurate, or insufficient; risks that field programs may be
reduced, delayed or may not proceed at all; risks that the Company may not satisfy minimum
expenditure requirements or other work commitments under its property agreements (including
option or earn-in agreements), which could adversely affect the Company's ability to maintain or
earn its interest in the project; delays in assay processing or data validation issues; failure to identify
Mineral Resources; the preliminary nature of metallurgical test results; delays in obtaining or failures
to obtain required governmental, environmental, or other project approvals; changes in governmental
regulation of exploration and mining operations; political risks and social unrest; inability to fulfil
consultation or accommodation obligations in respect of Indigenous peoples or to maintain
constructive relationships with local communities; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets; inflation; changes in exchange rates;
fluctuations in commodity prices; delays in the advancement of projects; capital and operating costs
varying significantly from estimates; and the other risks involved in the mineral exploration and
development industry.
While Tiger anticipates that subsequent events and developments may cause its views to change,
Tiger specifically disclaims any obligation to update these forward-looking statements. These
forward-looking statements should not be relied upon as representing Tiger's views as of any date
subsequent to the date of this news release. Although Tiger has attempted to identify important
factors that could cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions, events or results not to
be as anticipated, estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
The factors identified above are not intended to represent a complete list of the factors that could
affect Tiger. Additional factors are noted under "Risk Factors" in Tiger's public disclosure record,
including in the filing statement and other documents available under Tiger's profile on SEDAR+. The
forward-looking statements contained in this news release are expressly qualified in their entirety by
this cautionary statement. The forward-looking statements included in this news release are made
as of the date of this news release and Tiger undertakes no obligation to publicly update such
forward-looking statements to reflect new information, subsequent events, or otherwise unless
required by applicable securities legislation.
Cautionary Note on Non-IFRS Measures
The Company prepares its financial statements in accordance with International Financial Reporting
Standards ("IFRS"). The Company believes that investors use certain non-IFRS as indicators to
assess mining companies and projects. They are intended to provide additional information and
should not be considered in isolation or as a substitute for performance measures prepared in
accordance with IFRS. "Total cash costs per ounce" and "all-in sustaining costs per ounce", as used
in this release, are non-IFRS measures commonly reported by gold mining companies to assess
operating performance on a unit of production basis and the ability of a company to generate cash
flow from operations. These measures do not have standardized meanings under IFRS and may not
be comparable to similar measures presented by other companies. In this context, "total cash costs"
consist of operating cash costs plus royalties and offsite charges (refining and transportation). "All-in
sustaining costs" consists of total cash costs plus sustaining capital but excludes corporate and
administrative costs and share-based compensation.
SOURCE Tiger Gold Corp.
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For further information:
For further information, please contact: Robert Vallis, President, CEO &
Director, Kin Communications, Investor Relations, +1 (604) 684-6730, [email protected]
CO: Tiger Gold Corp.
CNW 03:01e 24-FEB-26