12:35:25 EDT Thu 18 Apr 2024
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TomaGold Corp
Symbol LOT
Shares Issued 158,717,251
Close 2022-04-13 C$ 0.055
Market Cap C$ 8,729,449
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TomaGold drills 52.3 m of 1.83 g/t Au at Obalski

2022-04-14 08:35 ET - News Release

Mr. David Grondin reports

TOMAGOLD INTERSECTS 1.83 G/T AU OVER 52.3 M, INCLUDING 125 G/T AU OVER 0.5 M AT A DEPTH OF 350 M AT OBALSKI

TomaGold Corp. has released the last results of the 11,500-metre drilling program on its wholly owned Obalski property in Chibougamau, Que. In this latest phase, the corporation drilled five holes for a total of 2,409 metres.

"This program was a true success, as it allowed us to expand the mineralization at depth on Obalski with significant gold intersections, further demonstrating the mineral potential of our property," said David Grondin, president and chief executive officer of TomaGold. "The upcoming program slated for June will be even more exciting, as we will continue to test the extensions of the mineralization, in addition to drilling anomalies detected to the west of the property following the results of the induced polarization survey."

Sample preparation and analysis

TomaGold has implemented, and is adhering to, a strict quality assurance/quality control program for the current drilling program. The core is sawed in half, with one-half kept as a witness sample in Chibougamau and the other half shipped directly by bus to ALS Chemex in Val d'Or, Que. ALS grinds the half core to one-eighth of an inch, splits it into two halves and keeps one-half as a witness (reject) in Val d'Or. ALS pulverizes the other half to minus-150 mesh, takes a 50-gram sample for analysis and keeps the rest (identified as pulp).

The technical content of this press release has been reviewed and approved by Andre Jean, PEng, the corporation's director of exploration and a qualified person under National Instrument 43-101.

About TomaGold Corp.

TomaGold is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in Northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5-per-cent interest in the Baird property, near the Red Lake mining camp in Ontario.

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