TomaGold Corp V.LOT

New Press Release - Chibougamau Independent Mines Option of West Block Property to TomaGold Corporation

ROUYN-NORANDA, Québec, Aug. 15, 2023 (GLOBE NEWSWIRE) -- At the request of the TSX Venture Exchange, Chibougamau Independent Mines Inc. (“Chibougamau”) (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) wishes to clarify that it may...read article.

[jeep91]

Not sure if the initial relese was very well thought out.....sloppy reporting.

[donat50]

From what I have read it looks like Toma will become a producer having actual mines .This could change alot of things .Maybe atract JV's to do morre mining .Would be a good time for IAMG to take over ?Just saying with figures crossed .

[jeep91]

They would have to do something......opening a mine is not a low cast affair.  Tens of millions if hunded of millions of dollars are involved are they not. It;s not just a hole in the ground.

[donat50]

Sounds like the holes are alread there can't be that expensive to start up .

[jeep91]

So this already was operating as a mine with ll the infrastructurein place?

[donat50]

Sounds like it .This could get very interesting .

[jeep91]

Actually not....they hold interests in vrious properties in the area......but they are an exploration company kinda like Toma. Currently at .13c on the TSX v.

[PeterThomas]

Are you serious ?

[jeep91]

Go to their website.......and I pulled up company information from T.D.Waterhouse under overview which gives pertinent info as to their  exploration interests.  As far as I can see they have iholding in various properties...like Toma.

[lscfa]

https://www.chibougamaumines.com/properties.htm#