Tiger Gold (TSXV: TIGR): Trading for US$25 Per Oz of Current Gold Resources

The Quinchía Gold Project: Colombia’s Mid-Cauca Porphyry Belt

Tiger Gold is advancing its flagship Quinchía Gold Project in Colombia’s prolific Mid-Cauca porphyry belt… a region where gold discovery rates are outpacing the rest of the world. The company is led by a seasoned team with over 30 years of experience from majors like Barrick and Yamana.

The project benefits from excellent infrastructure… paved roads, grid power, and proximity to skilled labour in the nearby town of Quinchía… reducing development risks and costs. It sits in an emerging tier-1 jurisdiction with a stable permitting framework, evidenced by the project’s partial permitting already in place.

Quinchía is located 20 km south of Aris Mining (TSX: ARIS)’s producing Marmato Gold Mine (~6.2M oz resource, targeting 500,000 oz/year). Nearby neighbours confirm the belt’s world-class pedigree:

• AngloGold Ashanti (AU)’s Nuevo Chaquiro copper–gold deposit (~7M oz Au equivalent, in development).
• B2Gold (BTG)’s Gramalote gold project (~5.5M oz resource, advancing toward construction).
• Zijin Mining (HK: 2899)’s Buriticá producing gold mine (~5.32M oz resource, high-grade underground operation).

TIGR’s Quinchía Project also shares similarities in geology with Collective Mining (CNL)’s Apollo deposit.

Quinchía Project Deposit Map & Resource Summary

Quinchía Gold Project property map showing the three deposits… Tesorito (1.57M oz inferred), Miraflores (510,000 oz M&I), and Dos Quebradas (495,000 oz historical)… and their spatial relationships within the Mid-Cauca porphyry belt.

Three Deposits: 2.57 Million Oz Gold Across the Property

The Quinchía Project hosts three known gold deposits. Two of them (Tesorito and Miraflores) form the backbone of TIGR’s 2025 Preliminary Economic Assessment (PEA), together hosting ~2.08M oz in current NI 43-101 compliant gold resources. Adding the historical resource at Dos Quebradas brings the combined total to 2.57 million oz gold across all three deposits.

Exploration Upside: A Conservative Pathway to ~4 Million Oz

Beyond the three deposits, two high-priority exploration targets Ceibal and Chuscal show “massive footprints“ with early drilling indicating continuous mineralization (>500m depths at ~0.5–0.8 g/t Au, plus copper). These could connect to the main deposits, supporting a conservative pathway to doubling resources to ~4 million oz.

2025 Preliminary Economic Assessment (PEA)

TIGR’s 2025 PEA outlines a robust base case for a 20,000 tpd open-pit/underground operation producing ~140,000 oz gold annually over 10 years.

This PEA is a foundational launchpad… with ongoing drilling aimed at expanding scope and improving grades/recoveries ahead of TIGR’s pre-feasibility study and a construction decision targeted for next year.

Fully Funded ~20,000m 2026 Drill Program: Three Rigs Active

TIGR is executing a fully funded ~20,000m drill program in 10,000m phases with three diamond rigs active:

• Two rigs at Tesorito: One for infill drilling (upgrading inferred resources to measured & indicated); one for resource expansion.
• One rig at Dos Quebradas: Redrilling to upgrade the historical ~495,000 oz resource to NI 43-101 compliance, with potential to reveal a larger, higher-grade deposit. Assays from the first hole are pending; the second hole is underway.

Assays are also pending from three completed Tesorito holes, including TSDH-78 (drilled above the company’s new high-grade feeder zone discovery hole TSDH-71, showing similar porphyry-style features). Two additional holes are drilling now.

Latest Drill Results: Tesorito Highlights

Previously Announced Intercepts (Tesorito Consistency):

Valuation: One of the World’s Most Undervalued Gold Explorers

At $0.69 per share, TIGR’s market cap is only US$52.3 million… equating to just US$25.14 per oz of total current NI 43-101 compliant gold resources. This makes it one of the world’s most undervalued gold exploration companies.

With a US$1.75 billion after-tax NPV outlined in the PEA vs. a market cap of just US$52.3 million, TIGR is insanely undervalued, which is why management and insiders own 22% of the company!