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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

Comment by PeterThomason Apr 21, 2021 10:51am
122 Views
Post# 33036773

RE:News… And history continues to repeat itself.

RE:News… And history continues to repeat itself.
INVESTING2000 wrote: Rather than drill, drill and drill, and create some shareholder value, management are up to their usual distraction of wasting our cash buying more properties and heavily diluting shareholders. And now David has sewn into the news release his out: “depending on the availability of the drilling crews, our 10,000-metre drilling program on the same property.” How is it even possible, after all this time and money, he has not secured a drilling team for the 10,000 m drill program? The new BOD is not looking good.
 



Drilling firms steer away from miners like LOT, they don't need the risk of not getting paid.  Many others better clients clamor for their services.


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