Volcan

Tiernan Gold

De-risking

Tiernan Gold is focused on the disciplined de-risking of the Volcan Gold Project. The project is strategically located in the Atacama Region of Chile, on the Maricunga gold belt, a jurisdiction that has a long-established history of mining with a number of operating mines, new mines under construction and major projects being developed.

Tiernan Gold is a newly created Canadian company focused on advancing the 100%-owned Volcan Gold Project. The project is strategically located in the Atacama Region of Chile, on the Maricunga gold belt, a jurisdiction that has a long-established history of mining with a number of operating mines, new mines under construction and major projects being developed. With a large land package totaling four mining concessions of 5,400 hectares and surrounding exploration concessions of 53,000 hectares there is substantial opportunity for new resource discovery.

2025

In September 2025,  as part of its strategy to look for strategic alternatives for the project, Hochschild announced that Tiernan had signed a Letter of Intent with Railtown Capital Corp. that will result in Railtown acquiring all of the issued and outstanding securities of Tiernan in exchange for securities of Railtown and will result in a reverse take-over (“RTO”) of Railtown by Tiernan and is expected to result in Tiernan becoming listed on the TSX Venture Exchange. 

The RTO will enable Tiernan to independently secure external financing for the Project’s future development with completion subject to a number of conditions including completing a fully marketed concurrent equity financing (terms will be determined in the context of the market).

The appointment of a new CEO, Fausto Di Trapani, was also announced along with details from an updated Preliminary Economic Assessment completed by Ausenco in August 2025.