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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. The Company is focused on consolidating the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. It also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. The Obalski property consists of about 74 claims covering a total of 2,740 hectares (ha) and lies three kilometers (km) south of Chibougamau, Quebec.


TSXV:LOT - Post by User

Bullboard Posts
Post by infoseeker99on Aug 08, 2012 11:25am
154 Views
Post# 20194227

called the company

called the company

They could not give out information regarding visible gold in cores. Results this month or early September. They are proceeding with 10,000m mostly in the Annie zone which to me is a good sign that they think something is there. They only raised $750K last PP and I believe they will have to do anther raise to complete the 10,000m which leads me believe that they have confidence in upcoming results, and their ability to raise money. They did drill below the big hole, which should prove interesting. At .15 the downside of a miss seems to be less than the tremendous potential upside with a significant intercept.  ALL IMHO

Bullboard Posts