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Quimbaya Gold and Denarius Metals Partner to Formalize Artisanal Mining at Tahami Project, Strengthening Long-Term Exploration Strategy
Partnership with Leading Colombian Mining Group to Formalize Artisanal Mining Production and Accelerate Exploration Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce the signing of a binding Letter of Intent with Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF), establishing a 50:50 joint venture aimed at formalizing existing small-scale mining operations located with
About this update from Quimbaya Gold Inc
[{"type":"text","content":"Partnership with Leading Colombian Mining Group to Formalize Artisanal Mining Production and Accelerate Exploration","length":115,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce the signing of a binding Letter of Intent with Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF), establishing a 50:50 joint venture aimed at formalizing existing small-scale mining operations located within the Company's Tahami Project, located in the Segovia Gold District of Antioquia, Colombia.","length":501,"tagName":"p"},{"type":"text","content":"This collaboration seeks to integrate artisanal mining operations into a formalized structure to create mutually beneficial partnerships while supporting and empowering the host communities. Importantly, this initiative complements Quimbaya's ongoing exploration efforts, including its planned 4,000-meter drilling campaign at Tahami South, by fostering stronger community relations and facilitating access to key areas. Both parties are working diligently to finalize a definitive agreement as soon as possible, subject to customary regulatory and corporate approvals.","length":573,"tagName":"p"},{"type":"text","content":"Joint Venture Highlights","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"50:50 Production Partnership: Equal profit sharing between Quimbaya and Denarius (via Zancudo Metals Corp.). Denarius will provide technical and financial support so that the artisanal miners can legalize their production within the mining legalization program.","length":261,"tagName":"p"}]},{"val":[{"type":"text","content":"Joint development targeted on the Tahami South and Tahami North areas within the Tahami Project. Exploitation will focus on concessions SHO-08001, SE9-13331, LJQ-08001 and HHII-21 owned by Quimbaya.","length":198,"tagName":"p"}]},{"val":[{"type":"text","content":"Formalization of Existing Activities: The partnership aims to formalize current artisanal mining operations, aligning with successful models in the region.","length":155,"tagName":"p"}]},{"val":[{"type":"text","content":"Support for Exploration: By formalizing ...