Tiger Gold Corp. (TSXV: TIGR) has pushed its Ceibal target 800 metres below surface — and every hole drilled there to date has returned mineralization.
In a July 23, 2026 news release, the company reported assay results for three drillholes at the Ceibal target within its Quinchía Gold Project in Colombia's Mid-Cauca belt. Hole CEDDH-011 intersected 685.35 m at 0.6 g/t Au from surface. Hole CEDDH-012 intersected 568.4 m at 0.6 g/t Au from 309.5 m downhole. Together, the two intervals extend mineralization to approximately 800 m below surface. True widths are currently unknown, the company noted.
The Ceibal target sits approximately 1 kilometre south of the Miraflores deposit and 1 kilometre southwest of the Tesorito deposit, within the Marmato Fault Corridor. It is coincident with a sub-circular Au-Mo surface geochemical anomaly with an approximate footprint of 800 metres by 600 metres. The broader Quinchía project already hosts approximately 510,000 oz Au in the Measured and Indicated categories at Miraflores, plus 1,580,000 oz Au Inferred across Miraflores and Tesorito, and a 495,000 oz Au historical estimate at Dos Quebradas — Ceibal is currently outside that resource inventory.
Management's view, informed by prior operator drilling, field work, and geological re-interpretation, is that Ceibal hosts the potential for a large, multi-million ounce near-surface gold system still open along strike and at depth. That thesis depends on what the pending holes say.
"I remain excited about Ceibal because every hole we have reported to date has intersected mineralization, but the assays I am most eagerly awaiting are from CEDDH-014, CEDDH-015, and CEDDH-016," said Robert Vallis, President and CEO.
Those three holes are exactly what the resource pathway hinges on. Tiger has expanded the planned initial exploration program at Ceibal from 1,500 metres to 5,000 metres, with Ceibal drilling forming part of a broader 20,000-metre program at Quinchía. Three rigs are currently turning across the project, with a fourth anticipated to arrive in August. Assays from both Ceibal and the Tesorito target remain pending. The company is targeting a maiden Mineral Resource estimate in Q1 2027.
Tiger closed its transaction with LCL Resources Limited on July 8, 2026, acquiring its option over 100% of the Quinchía Gold Project and the Andes Gold Project, both in Colombia's Mid-Cauca belt.
On the balance sheet, the company reported CA$14.65 million in cash in its most recent quarter, against 104.19 million shares outstanding and a market cap of CA$77.098 million as reported in the brief — a cash position that provides meaningful runway for a four-rig campaign.
Shares traded at CA$0.19 on July 24, 2026, on volume of 1,485,000, up 11.8% on the session following the news release, per the company's investor data.
The macro backdrop for junior gold names heading into the week ending July 24 was mixed. Gold declined 1.78% for the week per Clearbrook Global's weekly market commentary, even as small-cap equities continued to outperform — the Russell 2000 has gained 19.4% in 2026, nearly double the Nasdaq's 9.8% rise, per King5/AP reporting. Market leadership has been broadening away from large-cap growth, a dynamic that has historically accompanied renewed interest in resource juniors, though Tiger's near-term story is a drilling one: CEDDH-014, CEDDH-015, and CEDDH-016 are the next material data points.