Quimbaya Gold has expanded its footprint with the acquisition of three new exploration properties totalling 7,393 hectares adjacent to its existing Maitamac Project in Antioquia, Colombia.
These properties, secured through mapping staking from the Colombian Government, are poised to enhance the company's exploration potential in a region known for its gold mineralisation.
The southernmost property, application 508257, is located near the high-grade Purima gold mine owned by Prudent Minerals.
Situated around 2km east of the Cauca-Romeral fault zone, this area is part of a mega-regional system of faults favourable for gold in the Central Ranges of Colombia.
The Cauca-Romeral Shear belt is known for its conjugated structures, which have led to various types of gold mineralisation.
Within application 508257, several splay structures from the Cauca-Romeral fault have been identified, along with Paleozoic greenstone areas that are conducive to hosting gold-bearing quartz veins similar to those at the Purima gold mine.
To the north, application 508600 is also part of the Cauca-Romeral fault trend and includes El Buey Stock, an intrusive body associated with skarn-type deposits. This area remains largely unexplored, offering significant potential for discovery.
The third property, application 508601, strategically covers the north-east corner of the Maitamac project.
The acquisition consolidates more ground where numerous long-standing alluvial operations and small-scale artisanal gold mines are present.
The source of the alluvial gold in this area has not yet been identified, indicating a promising target for future exploration.
The Maitamac project's proximity to Medellin, nearly 65km to the south, and its accessibility via paved and dirt roads facilitates exploration efforts.
Historically, the region has seen very limited exploration, but the Colombian Government has conducted regional stream sediment campaigns and geophysical studies, focusing on strategic areas near the Maitamac project.
Quimbaya Gold president and CEO Alexandre Boivin said: “The adding of new ground to the company's property portfolio at Maitamac Project confirms our strategy to consolidate large under-explored areas with gold exploration potential in Colombia.”
