Breaking News: Independence Drilling Accepts Quimbaya Gold Shares as Payment
Exciting news in the world of mining and exploration as Independence Drilling has made history by accepting part payment in Quimbaya Gold shares for the first time ever. This partnership signifies a deepening of ties between the two companies, demonstrating Independence Drilling’s confidence in Quimbaya’s management and the potential for successful discoveries that could positively impact the future value of Quimbaya Gold.
The contract between the two companies outlines the execution of drilling campaigns with a minimum of 1,500 meters each, set to begin in the third quarter of 2024. Quimbaya’s exploration team, comprised of over 20 professionals, is currently pinpointing initial drilling targets. The completion of the first campaign is expected within the year, with plans for further extensions to be announced shortly.
What sets this partnership apart is not just Independence Drilling’s drilling expertise but also their comprehensive understanding of Colombia’s unique geological, social, and regulatory landscape. Their strong relationships with local communities have been vital to the success of numerous exploration projects. This collaboration marks a significant milestone for Quimbaya Gold, offering crucial support in their quest to uncover gold mineralization on their properties.
Alexandre P. Boivin, President and CEO of Quimbaya Gold, expressed his enthusiasm for the partnership, stating, “Independence’s established presence in Colombia and proven track record give us a competitive edge. By leveraging their expertise, we are poised to accelerate our exploration efforts and maximize the potential of our assets. Their willingness to invest in our success underscores the strategic value of this alliance.”
About Quimbaya Gold
Quimbaya Gold is dedicated to expanding gold reserves through exploration and acquisition of mining properties in Antioquia, Colombia. Led by a seasoned team in the mining sector, Quimbaya Gold is concentrating on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project) within the Antioquia Province, Colombia.
Connect with Quimbaya Gold Inc.:
- Follow on X @quimbayagoldinc
- Follow on LinkedIn @quimbayagold
Cautionary Statements
Certain statements in this announcement constitute “forward-looking information” as defined in Canadian securities legislation. While based on reasonable assumptions, forward-looking information is subject to risks, uncertainties, and other factors that may lead to actual results differing from expectations. Quimbaya does not undertake to update forward-looking statements continually.
For more information about Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) and to receive an Investor Presentation, click here.