Intercepts extracted and reviewed by Strikepoint from the issuer’s filings. True widths may differ from downhole widths; see the full release for drill orientation.
Tiger Gold Completes Infill and Extension Drill Program at Tesorito and Accelerates Drilling at Ceibal with Three Rigs
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2026) - Tiger Gold Corp. (TSXV: TIGR) (OTCQB: TGRGF) (FSE: D150) ("Tiger" or the "Company") announces the completion of drilling at its Tesorito gold deposit, part of the Company's 100% owned Quinchía Gold Project in Colombia's prolific Mid-Cauca gold belt. Assay results from 19 holes at Tesorito (3,484 metres) are expected to be reported over the coming weeks alongside results from the Ceibal target, where drilling continues with three rigs.
Highlights:
Tesorito Phases 1 and 2 drilling complete with 12,124 metres of infill, gap, and extension drilling over 48 holes since November 2025
Results from 28 holes (8,600 metres) reported to date since January 2026, including:
Higher-than-modelled trend interpreted to extend north-northeast:
TSDH-88: 234.54 m @ 1.2 g/t Au from 2 m, including 26.57 m @ 2.3 g/t Au and 27.6 m @ 1.8 g/t Au
TSDH-87: 180.3 m @ 1.0 g/t Au from surface, including 66.5 m @ 1.3 g/t Au
TSDH-92: 243.4 m @ 0.5 g/t Au from 2 m, including 7.2 m @ 2.8 g/t Au and 6 m @ 2.8 g/t Au
TSDH-95: 342 m @ 0.5 g/t Au from 92 m, including 9.7 m @ 1.7 g/t Au
Additional assays along this interpreted trend are pending
Potential Feeder Zone Intercepted Beneath the 2025 Mineral Resource:
TSDH-71 intersected 89.96 m @ 0.9 g/t Au from 426 m, including a distinct gold-copper-molybdenum sub-interval of 16.9 m @ 2.3 g/t Au, 0.25% Cu and 158 ppm Mo, including 6 m @ 4.1 g/t Au and 0.43% Cu
TSDH-80: 305.55 m @ 0.5 g/t Au from 516 m, including 15.7 m @ 1.1 g/t Au and 8 m @ 1.3 g/t Au, 0.16% Cu and 131 ppm Mo at depth
Results pending from 19 holes at Tesorito (3,484 metres)
Updated Tesorito Mineral Resource estimate targeted for early Q1 2027
Drilling continues at Ceibal with three rigs that is intended to support a maiden Mineral Resource estimate targeted for near the end of Q1 2027
Updated PEA targeted for near the end of the Q1 2027
Robert Vallis, President & CEO, commented, "This update highlights Tiger taking another key step towards capturing and delivering value to shareholders, with Tesorito drilling complete and all three rigs now at Ceibal. The Tesorito program continues to give us a much clearer picture of the deposit. Infill holes returned locally higher-than-modelled grades along a trend through the central part of the deposit, and more assays from that trend will "
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be reported shortly Deeper holes intersected mineralization beneath the Mineral Resource, including a potential feeder zone. We are targeting an updated Mineral Resource estimate in early 2027 for Tesorito, followed by an updated PEA near the end of the first quarter incorporating Ceibal, Tesorito, and Miraflores.
No new assay results are reported in this news release. All intervals reported above are downhole core lengths and were previously reported in the news releases listed under "Previously Reported Tesorito Results" below, which present the estimated true widths. Figure 1 shows a regional map of the Quinchía Gold Project.
Tesorito Drilling Is Complete, with Results Pending for 19 Holes
Drilling at Tesorito began in November 2025 under the Company's Phase 1 program, which allocated 6,000 metres to Tesorito, and continued under the expanded program announced on July 8, 2026, to complete the Tesorito Phase 2 program infill, gap, and extension program for a grand total of approximately 12,000 metres planned. Drilling at Tesorito was completed on September 30, 2026, for a total of 12,124 metres over 48 holes, including TSDH-82-AB (28 metres), which was abandoned.
Assay results for 28 holes (8,600 m) have been reported to date. Results for the remaining 19 holes (3,484 metres) are expected to be reported over the coming weeks.
Remaining Results Will Feed the Next Tesorito Mineral Resource Estimate
Once all Tesorito results have been received and passed quality control, work will begin on an updated Mineral Resource estimate for Tesorito, which the Company is targeting to report in early 2027. The updated estimate will incorporate all the Tesorito Phase 1 and Phase 2 drilling results.
Tiger Gold Continues Drilling at Ceibal with Three Rigs
With drilling at Tesorito complete, all three of the Company's drill rigs are now at Ceibal. The Ceibal program is intended to support a maiden Mineral Resource estimate that the Company is targeting to report near the end of the first quarter of 2027. There is no certainty that a Mineral Resource estimate will be defined at the Ceibal target.
Updated PEA targeted for near the end of the first quarter of 2027
The Company is targeting to complete an updated Preliminary Economic Assessment ("PEA") for the Quinchía Project that considers the updated Tesorito Mineral Resource, Miraflores, and the anticipated maiden Mineral Resource for Ceibal. The Company is targeting to report the results of the PEA near the end of the first quarter of 2027 before proceeding with preliminary feasibility-level studies.
Previously Reported Tesorito Results
The drill results summarized in this news release were previously reported in the following news releases, available under the Company's profile on SEDAR+ and on the Company's website:
"Tiger Drills 139.6 m @ 0.9 g/t Au and Returns Higher-Than-Modelled Grades", January 20, 2026
"Tiger Gold Intersects Potential Feeder Zone Beneath Tesorito Mineral Resource with 16.9 m @ 2.3 g/t Au and 0.25% Cu, including 6 m @ 4.1 g/t Au and 0.43% Cu, within 89.96 m @ 0.9 g/t Au", February 24, 2026
"Tiger Gold Intersects 169.7 m at 0.9 g/t Au of Porphyry-Style Mineralization at Tesorito, Including 25 m at 2.2 g/t Au", April 16, 2026
"Tiger Gold Intersects 305.55 m @ 0.5 g/t Au at Tesorito, Including 15.7 m @ 1.1 g/t Au and 8 m @ 1.3 g/t Au", May 5, 2026
"Tiger Gold Intersects 234.5 m @ 1.2 g/t Au and 180.3 m @ 1.0 g/t Au at Tesorito", June 16, 2026
"Tiger Gold Drills 342 m @ 0.5 g/t Au and 333.6 m @ 0.5 g/t Au at Tesorito", September 22, 2026
Those releases present the full assay results, drillhole details, estimated true widths where known, and applicable qualifications, including possible near surface supergene enrichment.
Qualified Person
The pertinent scientific and technical information contained in this release has been reviewed and approved by Jeremy Link, M.Eng., P.Eng., Tiger's Vice-President, Corporate Development, and César García, M.Sc., FAusIMM, the Company's Exploration Manager in Colombia, each of whom is a "qualified person" as defined by Canadian Securities Administrators within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Neither Mr. Link nor Mr. García is independent of the Company. Drill programs at Tesorito are designed by Mr. Link, Mr. García, and Ivor W. O. Jones, M.Sc., FAusIMM, P.Geo., of Aurum Consulting, who is a "qualified person" and independent of the Company. Exploration programs at the Quinchía Gold Project are directed and supervised by Mr. García.
Sampling, Quality Assurance and Quality Control
No new assay results are reported in this news release. Tesorito drill core samples were prepared by ALS in Medellín, Colombia and analyzed by ALS in Lima, Perú or North Vancouver, British Columbia, laboratories that are ISO/IEC 17025 accredited and independent of the Company, with certified reference materials, blanks and duplicates inserted into the sample stream to monitor analytical performance. Mr. García has verified the data underlying the previously reported results referred to in this news release, including the sampling, analytical and test data, by reviewing the QA/QC results against the assay database, and neither Mr. García nor Mr. Link is aware of any limitations on that verification.
About Tiger Gold Corp.
Tiger is a growth-oriented gold exploration and mine development company focused on advancing its 100% owned flagship asset, the Quinchía Gold Project, in the prolific Mid-Cauca belt of Colombia. Tiger is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists, and corporate finance professionals with a track record of exploration success, project advancement, and bringing mines into production at globally recognized mining companies including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, New Gold, Pretium Resources, and others.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking information and forward-looking statements, as such terms are defined under applicable securities laws (collectively, "forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "budget", "scheduled", "forecasts", "projects", "intends", "suggests", "preliminary", "confident", "interpreted", "targets", "aims", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or statements that certain actions, events, or results "may", "could", "can", "would", "might", or "will" be taken, occur, or be achieved. Forward-looking statements involve known and unknown risks, uncertainties, assumptions (which may prove incorrect), and other factors which may cause the actual results, performance, or achievements of Tiger to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements.
Forward-looking information in this news release includes, but is not limited to, statements regarding Tiger's objectives, goals, or future plans; exploration results, geologic interpretations, potential mineralization, potential porphyry plugs, potential feeder zones, and potential porphyry centres, potential pathfinders, vectors, or proximity to a causative porphyry, lateral extensions, mineralized offsets, the potential effect of supergene enrichment on near-surface grades, and the potential to expand mineralization or improve grade or increase Mineral Resource category confidence, including through infill, extension, gap, definition, and step-out drilling; the anticipated timing and results of drilling and assays pending or in progress, including the remaining Tesorito results and the Ceibal drill program, planned field programs, future technical studies (including preliminary economic assessment, preliminary feasibility, or feasibility-level studies), and updated Mineral Resource estimates, including the reclassification of any portion of Inferred Mineral Resources to the Indicated category or higher; the anticipated timing of the updated Tesorito Mineral Resource estimate, which the Company is targeting for early 2027, of an updated preliminary economic assessment targeted for near the end of the first quarter of 2027, including its anticipated scope and Mineral Resources it is expected to incorporate, and of the commencement of pre-feasibility-level studies later in 2027; the anticipated preparation, timing, and completion of a maiden Mineral Resource estimate for the Ceibal target, including the expectation that such estimate would be completed near the end of the first quarter of 2027; exploration and project development plans at the Quinchía Gold Project and regionally, including the ability to develop exploration targets, drill targets, and define Mineral Resources or Mineral Reserves; the establishment of mutually beneficial partnerships with local and Indigenous communities; the timing of the commencement of operations; and estimates of market conditions. Forward-looking statements are based upon assumptions including, without limitation, the availability of drilling rigs and other equipment, contractors and supplies, continued site access, receipt of required permits and approvals, the Company's ability to maintain community and stakeholder support; that drilling, sampling, assaying, data compilation, geological modelling and Mineral Resource estimation, and technical studies (including preliminary economic assessment, preliminary feasibility or feasibility-level studies) will commence and be completed on the timelines currently anticipated; that a maiden Mineral Resource is define at Ceibal on the anticipated timeline; that the Company will have access to the financing required to advance technical studies and the project; that the current drilling results are representative of the mineralization and will be reflected in the updated Mineral Resource estimate; and that exploration and drilling results will be consistent with management's expectations. Such forward-looking information also includes statements regarding the Preliminary Economic Assessment for the Quinchía Gold Project, which by definition is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and for which there is no certainty that the economics or results described will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Any references to nearby projects, properties, deposits, or mines are provided for regional context only, and mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on the Quinchía Gold Project.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to intersect potentially economic intervals of mineralization or to identify Mineral Resources or Mineral Reserves; uncertainties related to geological continuity and the extent of mineralization, including due to geological complexity, insufficient drilling data, or incomplete, inaccurate, or insufficient historical drilling data, any of which may not yield economically viable results; the risk that the current drilling results may not be representative of, or predictive of, the updated Mineral Resource estimate, and that infill drilling may not result in any increase in estimated grade or Mineral Resources or in the conversion of Inferred Mineral Resources to a higher category; the risk that results for holes not yet reported may differ from the results reported to date; the risk that a Mineral Resource is not defined at Ceibal, or is not defined on the anticipated timeline, which could delay the updated preliminary economic assessment or change its scope; delays in, or reductions to, or the inability to complete or advance drill or field programs, sampling, assaying, data validation, data verification, geological modelling, technical studies, or Mineral Resource or Mineral Reserve estimates, including within anticipated timeframes; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental, or other project approvals; and changes in governmental regulation of exploration and mining operations; political risks and social unrest; inability to fulfil consultation or accommodation obligations in respect of Indigenous peoples or to maintain constructive relationships with local communities; uncertainties relating to the availability and costs of financing needed in the future; capital and operating costs varying significantly from estimates; changes in equity markets, inflation, changes in exchange rates, and fluctuations in commodity prices, including gold and diesel fuel; and the other risks involved in the mineral exploration and development industry.
While Tiger anticipates that subsequent events and developments may cause its views to change, Tiger specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing Tiger's views as of any date after the date of this news release. Although Tiger has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The factors identified above are not intended to represent a complete list of the factors that could affect Tiger. Additional factors are noted under "Risk Factors" in Tiger's public disclosure record, including in the Short Form Prospectus dated September 2, 2026 and other documents available under Tiger's profile on SEDAR+. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release and Tiger undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities legislation.
Figure 1: Quinchía Gold Project Deposits and Prospects
