Monster Lake onster Lake
The Monster Lake property consists of 160 mineral claims covering an area of 5,853.7 hectares. It lies 44 kilometres southwest of the town of Chibougamau in northwestern Quebec. The property is easily accessible by road, and a high-voltage transmission line crosses the area nearby.
Previous work
Between 1984 and 1995, SOQUEM drilled 142 holes for nearly 20,000 metres of diamond drilling and excavated a large number of trenches along a four-kilometre long mineralized corridor. The compilation of the SOQUEM historical drill results confirmed the presence of at least 22 gold showings containing many significant gold intersections, including 27.55 g/t Au over 4.2 metres, 4.05 g/t Au over 3.9 metres and 6.3 g/t Au over 5.1 metres. When Stellar Pacific Ventures Inc. (“Stellar”) began work in 2010, the property had already yielded more than 45 sections grading over 1 g/t Au from drill core and trench sampling. The three main showings, Eratix, Mégane-325 and Zone 52, had been tested by drilling to a depth of 125 metres on a 50-metre grid, but in most cases, only one hole had been drilled per section, and many of the mineralized sections remained open along strike and at depth.
In 2010-2011, Stellar drilled 46 holes for a total of 5,235 metres of diamond drilling on gold-bearing structures discovered on the four-kilometre mineralized corridor. Hole M-25-11 drilled in 2011 by Stellar on the Mégane-325 zone intersected a high-grade gold zone grading 101.2 g/t Au over 4.5 metres at a depth of between 49.5 and 54.0 metres, including a very rich section of 223.2 g/t Au over 2.0 metres from 49.5 to 51.5 metres. This section contains veinlets of massive gold at a 30° angle to the core.
Work done by TomaGold
Drilling program (winter 2011-12)
In the winter of 2011-12, TomaGold drilled 18 holes totalling 2,420 metres, with the goal of testing the continuity of Zone 52 at depth and confirming the northern extension of the Annie zone.
This program led to a major discovery in terms of grade and continuity when TomaGold intersected 5.7 metres grading 237.6 g/t gold in Hole M-12-60. This intersection lies at a depth of between 69.0 and 74.7 metres down the NQ-sized hole, where over 60 flecks of gold were identified. Hole M-12-60 lies in the northeastern extension of the Annie zone, along the Monster Lake gold corridor.
The assay results for the eight samples were remarkably uniform along the intersection, as shown in the following table:
| From (m) | To (m) | Sample # | Length (m) | Au_Ms (g/t) | Au_GRAV (g/t) |
| 69.00 | 69.75 | 51242 | 0.75 | 205.0 | 200.0 |
| 69.75 | 70.50 | 51243 | 0.75 | 181.0 | 184.0 |
| 70.50 | 71.25 | 51245 | 0.75 | 243.0 | 233.0 |
| 71.25 | 72.00 | 51246 | 0.75 | 75.8 | 105.0 |
| 72.00 | 72.75 | 51247 | 0.75 | 101.0 | 97.9 |
| 72.75 | 73.50 | 51248 | 0.75 | 381.0 | 379.0 |
| 73.50 | 74.10 | 51250 | 0.60 | 493.0 | 700.0 |
| 74.10 | 74.70 | 51251 | 0.60 | 59.0 | 59.0 |
| | | | | Average 214.4 g/t Au 5.70 m | Average 237.6 g/t Au 5.70 m |
The mineralized zone consists of a black quartz vein hosted in a strongly-sheared lapilli tuff. The tuff host rock is completely silicified. The mineralized section contains native gold over its entire length, as well as about 2% pyrite, 1% pyrrhotite and trace chalcopyrite. The sheared tuff hosting the black quartz vein is at a 40° angle to the core, which indicates that the width of the mineralized zone is not the true width. Based on visual observation of the shear zone in recent stripping and the SOQUEM drill sections from the Annie zone just to the south, the Company estimates the true width of the shear zone at 80% of the width intersected by drilling.
The following table shows the best results for the program as a whole:
| Hole # | Target | From (m) | To (m) | Length (m) | Grade (g/t Au) |
| M-12-50 | Mégane-325 | 160.6 | 162.2 | 1.6 | 4.52 |
| M-12-51 | Mégane-325 | 147.1 | 148.6 | 1.5 | 2.05 |
| 153.7 | 154.4 | 0.7 | 2.27 |
| M-12-52 | Mégane-325 | 96.7 | 97.6 | 0.9 | 8.67 |
| M-12-53 | Mégane-325 | 59.8 | 62.0 | 2.2 | 1.56 |
| M-12-56 | Mégane-325 | 105.2 | 106.9 | 1.7 | 1.23 |
| M-12-57 | Mégane-325 | 77.9 | 79.3 | 1.4 | 1.74 |
| 116.4 | 117.5 | 1.1 | 6.99 |
| 129.1 | 132.0 | 2.9 | 2.91 |
| 133.5 | 135.0 | 1.5 | 3.10 |
| M-12-59 | Annie | 171.3 | 173.1 | 1.8 | 1.32 |
| M-12-60 | Annie | 69.0 | 74.7 | 5.7 | 237.6 |
| M-12-62 | Annie | 66.0 | 69.0 | 3.0 | 1.96 |
| M-12-65 | Eratix | 85.2 | 86.3 | 1.1 | 1.34 |
Adjacent properties acquired by TomaGold
In the spring of 2012, TomaGold acquired two properties adjacent to its Monster Lake property, in line with its corporate strategy of consolidating its position in this area of high gold potential.
Lac à l’Eau Jaune Property
On April 16, 2012, the Company entered into an agreement with Diagnos Inc. to acquire a 100% interest in 25 mineral claims covering an area of 1,395 hectares (the “Lac à l’Eau Jaune property”) in the Chibougamau area, just northeast of the Monster Lake property.
Winchester Property
On May 16, 2012, the Company acquired a 100% interest in 20 mineral claims covering 1,070 hectares (the “Winchester property”) in the Chibougamau area, just south of the Monster Lake property.
Previous work
From 1984 to 1993, SOQUEM carried out prospecting and mapping over about 20% of the property, along with 40 km of geophysical surveying (VLF and Mag). SOQUEM also drilled two holes totalling 490 metres in the northwestern part of the property. From 1993 to 1996, SOQUEM and Consolidated Oasis Resources Inc. carried out 7.2 km of induced polarization surveying in the northern part of the property, an HLEM survey over the entire property, and four holes totalling 771 metres of drilling in the northeastern part of the property.
In 2002, SOQUEM drilled four holes on the property to test the geophysical targets (HLEM and Mag) associated with a southwest fault in the Nouvelle gold corridor, as well as their interactions with the Guercheville and Fancamp corridors. All the targets were explained by the presence of a pyritic shear or pyritic-graphitic schists (tuffs).
Three of the holes revealed a new gold-bearing area called Structure 86. This zone is associated with a decametric altered volcanoclastic unit injected with quartz-carbonate veins containing pyrite. Most of the gold anomalies correspond to a graphitic schist injected with quartz-carbonate-pyrite veins. Holes 993-01-86 and 993-01-88 returned the best intersections. Hole 993-01-86 intersected 0.24 g/t Au over 80.4 metres in the volcanoclastic unit, including 0.54 g/t Au over 22 metres, which in turn included 2.46 g/t Au over 1.0 metre and 1.61 g/t Au over 2.5 metres. Hole 993-01-88, drilled 100 metres to the east, intersected the same geological unit at a grade of 0.30 g/t Au over 70.0 metres (including a 22.4-metre unsampled section with an assumed grade of 0.0 g/t Au for calculation purposes), including a 7.4-metre section grading 2.36 g/t Au, including 13.85 g/t Au over 1.0 metre.