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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company. The Company is engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its projects include Obalski, Star Lake, Brisk Extension, Monster Lake East, Monster Lake West, Hazeur, Lac Doda and Baird. The Obalski property consists of 74 claims covering an area of 2,740 hectares (ha) or 27 square kilometers (km2), located approximately two kilometers (km) south of Chibougamau, Quebec, in the heart of the Chibougamau mining camp. It holds a 100% interest in 214 claims (Star Lake property) over an area of 10,906 ha, the land position in the sector. It holds a 100% interest in 107 claims (Brisk Extension) covering a total area of 5,487 hectares (or 55 km2). The Monster Lake East property consists of 105 mineral claims covering an area of 5,867 hectares and located directly to the east of the Monster Lake property.


TSXV:LOT - Post by User

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Post by xyz_trader1on Jul 05, 2016 9:21am
112 Views
Post# 25022487

TomaGold Announces the Start of a 2000 Metre DrillingProgram

TomaGold Announces the Start of a 2000 Metre DrillingProgram
TomaGold Announces the Start of a 2,000-Metre Drilling Program on Hazeur

 

MONTREAL, QUEBEC--(Marketwired - July 5, 2016) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to announce the start of drilling on the Hazeur property (70% TomaGold - 30% Visible Gold), located on the southern border of the Corporation's Monster Lake property in Chibougamau.

The 2,000-metre drilling program is essentially focused on three separate targets:

  1. A volcanogenic massive sulphide type showing called "Hazeur VMS" (or "Peter Smith") that contains felsic rocks with decametric to metric-sized graphitic passages of massive to semi-massive sulphides (pyrite-pyrrhotite-magnetite).
  1. The "Jonction Sud", a horizon several kilometres long with anomalous gold values, where previous work included Hole LW-92-06, which returned gold grades of over 1 g/t Au over 5.5 m.
  1. The northwest extension of the Philibert deposit (1.4 Mt at 5.3 g/t Au; ref. SOQUEM 1991), which is adjacent to the southeast corner of the Hazeur property. Historical studies show that the Philibert mineralized zones extend northwest onto the Hazeur property.

"This first drilling program on Hazeur will allow us to test three priority targets that were confirmed by the geophysical survey carried out on the property in the fall of 2015," said David Grondin, President and CEO of TomaGold. "It should also be noted that Hazeur property has the advantage of covering the large Opawica-Guercheville deformation zone, which hosts the Bachelor mine in Desmaraisville and the Joe Mann mine in Chibougamau."

Work will start on or about July 8, 2016, and end in late July.

The technical content of this press release has been reviewed and approved by Andr Jean, Eng., a qualified person as defined by National Instrument 43-101.

About TomaGold Corporation

TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.

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. The statements in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in such "forward-looking" statements.

TomaGold Corporation
David Grondin
President and Chief Executive Officer
(514) 206-7727
www.tomagoldcorp.com

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