Identifies Vector Toward Potential Feeder Zone
Tiger Gold Intersects 82.7 m @ 1.4 g/t Au
Within 307.1 m @ 0.7 g/t Au at Tesorito and
Identifies Vector Toward Potential Feeder Zone
VANCOUVER, BC
,
Jan. 29, 2026
/CNW/ - Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) ("Tiger" or
the "Company") is pleased to report assay results from the third hole of its ongoing drill campaign at
the Tesorito deposit of its Quinchía Gold Project in
Colombia
. The Tesorito campaign forms part of
Tiger's broader initial 10,000-metre Phase 1 drill program. 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 Guayabales and
San Antonio
projects.
Highlights:
TSDH-69 intersected
307.1 m
at 0.7 g/t Au
from
8 m
downhole, including
82.7 m
at 1.4 g/t Au
from
190 m
, including
4 m
at 3.5 g/t Au
, and ended in mineralization.
Increasing sulphide intensity encountered at depth, providing a vector for a potential feeder
zone.
Two rigs continue infill and extension drilling at Tesorito.
A third rig is now exploration drilling at Dos Quebradas.
Assays pending from four additional drillholes and will be reported in due course.
The assay results reported in this release, summarized in Table 1, targeted the south-central portion
of the Tesorito block model. Figure 1 shows the location of these drillholes, together with drillholes
for which assays are pending. Figure 2 is a cross section of the reported results.
Robert Vallis
, President & CEO, commented, "Results from Tesorito continue to impress, with
TSDH-69 returning 0.7 g/t Au over
307.1 m
from near surface, including 1.4 g/t Au over
82.7 m
within the core of the system. This broad intercept reinforces both the continuity and the scale of the
higher-grade portion of our current model and supports the ongoing infill drilling program. Of
particular interest, increasing sulphide intensity and locally elevated chalcopyrite at depth may
indicate proximity to a higher-grade feeder structure, providing an additional vector for targeted
follow-up drilling."
More Results Expected Shortly as Drilling Continues at Tesorito and Dos Quebradas
Drilling is ongoing with two diamond drill rigs at Tesorito, and additional assay results are anticipated
in the coming weeks. A third rig has commenced drilling at Dos Quebradas, executing upon the
Company's plan to test high-impact targets across the Quinchía Gold Project.
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 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.
TSDH-69 Returns Strong Interval and Vectors Toward a Potential Feeder Zone
TSDH-69 intersected
307.1 m
grading 0.7 g/t Au from
8.0 m
downhole to end of hole (
315.1 m
),
including
82.7 m
grading 1.4 g/t Au (190-
272.7 m
), including
4 m
grading 3.5 g/t Au (190-
194 m
).
The hole intersected a porphyry-style system hosted in porphyritic andesite and intrusive
breccia/diorite. The 196-
306 m
interval (
110 m
grading 1.0 g/t Au) is interpreted to represent the
core porphyry domain and is characterised by potassic alteration (potassium feldspar plus
secondary biotite), A-, B-, and M-type vein stockwork, gypsum veinlets with traces of molybdenite
and chalcopyrite, and disseminated sulphides (pyrite and chalcopyrite) and magnetite. The hole
ended in an altered sedimentary package with elevated gold concentrations starting at
approximately
307 m
that warrant further investigation.
Of significant interest, trace amounts of chalcopyrite were observed in the upper andesite and locally
elevated at depth, which may reflect increasing proximity to a mineralising feeder structure and
support further drilling to test for a potentially higher-grade zone.
Table 1: TSDH-69 assays results
Drillhole
From
To
Interval
True Width
Au
ID
(m)
(m)
(m)
(m)
(g/t)
TSDH-69
8
315.1
307.1
291.5
0.7
including
190
272.7
82.7
78.8
1.4
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 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-69
423,630
584,545
1,302
315.1
130
-47.8
Figure 1: Plan map of drillhole collars and section locations (1,135 m asl of block model) (CNW
Group/Tiger Gold Corp.)
Figure 2: Section A-A' (looking N040°) (CNW Group/Tiger Gold Corp.)
Third Rig Drilling at Dos Quebradas High-Priority Target
The Dos Quebradas target area is located approximately 3 km northwest of the Tesorito and
Miraflores deposits (Figure 3). Historical drilling at Dos Quebradas comprises 23 diamond drillholes
totalling
9,326 m
completed between 2011 and 2012. The Company has mobilised its third drill rig to
Dos Quebradas and drilling has commenced on an initial
1,000 m
program focused on advancing
high-priority targets, strengthening the geological framework, and refining the Company's exploration
model, building upon encouraging field work and modelling completed in the fourth quarter of 2025.
The most recent historical Mineral Resource estimate for the Dos Quebradas deposit was prepared
by Resource Development Associates Inc. with an effective date of
February 25, 2020
, and
reported by LCL Resources Limited in accordance with the JORC Code (2012). The historical
estimate consisted of an Inferred Mineral Resource of 20.2 Mt at 0.71 g/t Au (for 459,000 oz of
gold) using a 0.5 g/t Au cut-off.
The historical Dos Quebradas estimate was based upon 19 diamond drillholes (
8,824 m
) drilled on
25 m
section spacing, defining mineralisation over a ~400 m by
300 m
area from surface to
approximately
550 m
depth. Mineralisation is hosted within diorite porphyry and intrusive breccias.
This estimate is considered historical and has not been verified by Tiger. A QP has not done
sufficient work to classify this estimate as current, and Tiger is not treating it as current.
Recommended work programs include assaying of historical core to confirm grades, database
validation and verification to ensure data integrity, and updated geological modelling to align with
current CIM
Definition Standards for Mineral Resources and Mineral Reserves
. Tiger considers
Dos Quebradas an exploration prospect within the Quinchía Gold Project, with potential requiring
further drilling and evaluation.
Figure 3: Quinchía Gold Project Deposits and Prospects (CNW Group/Tiger Gold Corp.)
Mineral Resources and PEA
Quinchia Gold Project PEA
A Preliminary Economic Assessment ("PEA") and technical report for the Quinchía Gold Project
(effective
September 18, 2025
) was completed by Ausenco Engineering and filed on SEDAR+ on
December 10, 2025
.
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) 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
, which Tiger holds under an option to acquire a 100% interest. 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, and B2Gold. Tiger is
led by President and CEO,
Robert Vallis
, who brings a strong record of strategic leadership and
execution in the mining sector, including his role in the
US$9.5 billion
acquisition and integration of
Placer Dome by
Barrick Gold
, as well as the
US$3.9 billion
joint acquisition of Osisko Mining by
Yamana Gold and Agnico Eagle Mines.
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 feeder zones, 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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%SEDAR: 00106999E
For further information:
For further information, please contact: Robert Vallis, President, CEO &
Director, +1 (604) 684-6730, [email protected]; Kin Communications, Investor Relations, +1
(604) 684-6730, [email protected]
CO: Tiger Gold Corp.
CNW 01:00e 29-JAN-26