Quimbaya Gold Inc. announce the signing of a definitive agreement for the acquisition of an additional mining property with gold and silver exploration potential, encompassing approximately 252 hectares. The new secured title is SE9-13331 (252.7 Ha), referred to as the "Concession Contract,", is continuous northeast of Aris Mining's Segovia operation which significantly expands Quimbaya Gold's foothold in the burgeoning mining landscape of Segovia, situated northeast of Medellín, the regional capital of the Department of Antioquia, Colombia. The concession SE9-13331 covers 252.7 ha and is located immediately NE of the Aris Segovia Au-Ag project, and hence shares most of its geological features in terms of lithology, alteration, structure and mineralization styles. Accordingly, the geology of concession SE9-13331 is dominated by igneous rocks of intermediate composition, comprising medium to coarse grained locally pegmatitic biotite and hornblende-bearing granodiorites and tonalitiques incorporating minor pulses of dioritic and monzogranitic composition, all assigned to the Jurassic Segovia Batholith, the dominant wall rock to productive Au quartz vein mineralization in the area. In the northern parts of the concession, the Segovia Batholith is covered by a strongly tectonized volcano-sedimentary succession of Cretaceous age, with nature of contact largely undefined. A strong magnetic anomaly locates towards central-southern parts of the concession is used as evidence to postulate that a stock of possible mafic (i.e., gabbroic) composition intrudes the Segovia Batholith. On structural grounds, analysis of surface and underground structural data along with appropriate geomorphological and imagery analysis allow the definition of various structural trends with some of them exerting a first-order control on the emplacement of Au-bearing quartz veining. The presence of various sets of structures is conceived as a product of various deformation pulses, varying from compressional to extensional. A first set of structures exhibit a NNE strike and dips moderately ESE, and herein interpreted as WNW verging thrusts faults which exerted a primary control on the precipitation of productive structures such as Sandra K and Vera, as that characterized as vein- faults, with features proper of orogenic Au deposits with wall rock altered to quartz-sericite (±pyrite). Thin vein-faults mapped on NW parts of concession SE9-13331 are included on this set and
structural model suggests that they are paralleling but are overlying NE extensions of Sandra K and possibly Vera veins which are located on deeper levels of structural block on concession SE9-13331.