TomaGold Announces the Start of Drilling on Little Monster, TomaGold Announces the Start of Drilling on Little Monster, Cookie Monster and Monster Islandless than 1 minute ago by Marketwire TOMAGOLD CORPORATION (TSX VENTURE: LOT) ("TomaGold" or the "Corporation") is pleased to announce the start of a drilling program of about 1,500 metres on its wholly-owned Little Monster, Cookie Monster and Monster Island properties. The contiguous properties lie along the eastern and southern borders of the Monster Lake, Lac-a-l'Eau-Jaune and Winchester properties, which are currently part of a 50/50 joint venture with IAMGOLD Corporation.
TomaGold recently conducted a high-definition magnetic VTEM-type airborne survey on the Little Monster, Cookie Monster, Monster Island and Hazeur properties. The survey revealed strong electromagnetic anomalies, including some that had already been identified by IAMGOLD Corporation on the Monster Lake property and extend onto TomaGold's properties. The drilling program is aimed at testing the more significant anomalies.
The drilling work began on December 3, 2015 and should be completed before the start of the holiday period.
"We are pleased to be ahead of schedule, in a position to carry out a first phase of drilling before the end of 2015," said David Grondin, President and CEO of TomaGold. "Although exploration on these properties is still at the grassroots stage, the early survey results look promising, particularly as we can see some extension of the results of the surveys done on Monster Lake. This drilling program will help us better understand the gold potential on our properties."
The technical content of this press release has been reviewed and approved by Andre Jean, Eng., a qualified person as defined by National Instrument 43-101