look this All of the work done so far has shown Monster Lake to have very strong exploration potential going forward. With 12 other gold showings, the project has shown multiple openings for economic gold grades which to-date went underworked and left open in most cases.
Each time that the company has drilled a lower grade hole, they maintained the belief that the overall area is of a higher grade than what is showing. However, even the low-grade zones ranged from 1 to 5 g/t Au, making them higher in grade than many producing mines in other parts of Canada.
Adding JV partner Quinto has helped TomaGold to secured its financial standing, and the benefit has been directed towards the aggressive drilling program at hand.
As well, Monster Lake’s location within the Plan Nord vicinity further highlight Quebec’s favourable incentives towards mining that go beyond cheap power and speedy permitting. For every exploration dollar that is spent into the ground, $0.30 is given as a rebate. Toma and Quinto are essentially getting a 30% discount on ever metre they drill.
With this latest round of results, TomaGold has the right to be pleased with the drill program so far. Multiple returns of high-grades are further proving that this property has a lot of potential left in the tank.
by G. Joel Chury