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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 sonofcroyon Dec 10, 2021 5:33pm
87 Views
Post# 34220508

RE:Produce results or resign!

RE:Produce results or resign!
Eagle. It does not matter how much info they have on the deposit. You never just throw an estimate out there to the public without it being an official resource estimate. This is not how it works. Also old outdated drill results cannot be used in the new resource estimate. They can report the strike length and depth and tell us if its still open at depth and strike length and give us all the grades from past and present but that's it, and they have done this already. Without more drilling it is educated guessing. The market does not respond to educated guessing and it would be unlawful for David to just pick a number for how big the resource might be. Its actually your job to take all known information and come up with your own estimate until an official resource estimate is ready which will take months of more drilling to get a preliminary estimate.
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