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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

Comment by PeterThomason Apr 21, 2021 10:51am
105 Views
Post# 33036773

RE:News… And history continues to repeat itself.

RE:News… And history continues to repeat itself.
INVESTING2000 wrote: Rather than drill, drill and drill, and create some shareholder value, management are up to their usual distraction of wasting our cash buying more properties and heavily diluting shareholders. And now David has sewn into the news release his out: “depending on the availability of the drilling crews, our 10,000-metre drilling program on the same property.” How is it even possible, after all this time and money, he has not secured a drilling team for the 10,000 m drill program? The new BOD is not looking good.
 



Drilling firms steer away from miners like LOT, they don't need the risk of not getting paid.  Many others better clients clamor for their services.


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