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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 Bolo2k12on Sep 04, 2012 8:19am
240 Views
Post# 20313857

NR

NR

September 04, 2012 08:13 ET

TomaGold Drill Results Confirm Continuous Gold-bearing Structure at Monster Lake

MONTREAL, QUEBEC--(Marketwire - Sept. 4, 2012) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to report partial results for the current drilling program at its wholly-owned Monster Lake gold project near Chibougamau, Quebec.

The program mainly targets the Annie gold-bearing structure, where the Company made a major discovery of 237.6 g/t gold over 5.7 metres in Hole M-12-60, and is aiming to test the structure along strike and at depth. So far, five holes have returned significant gold content, as shown in the following table.

Annie Zone (current program)
Hole From (m) To (m) Length (m) g/t Au
M-12-71 60.65 62.15 1.5 4.6
M-12-72
including
116.2
116.2
119.2
117.7
3.0
1.5
5.4
8.1
M-12-74 92.8 98.8 6.0 5.5
M-12-76 232.3 233.8 1.5 1.6
M-12-80 88.5 106.5 18.0 1.4

 

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