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Bullboard - Stock Discussion Forum 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... see more

TSXV:LOT - Post Discussion

TomaGold Corp > THE NEWS we were waiting for
View:
Post by mario2007 on Jan 22, 2021 7:28am

THE NEWS we were waiting for

the latest drilingsl confrim historical data.

TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report preliminary results from its 2,500-metre drilling program on its wholly-owned Obalski property. The goal of this program was to better define the A-Po Zone on two separate sections (450 E and 120 E), 330 metres apart horizontally. As part of the program, the Corporation anticipates that the holes should also cross other known mineralized zones such as the A, C and D veins.

The Corporation obtained positive preliminary results from the current program, as the first three holes intersected the target zones, namely the A, C, D and A-Po zones. The A-Po Zone is particularly well represented in all three holes with passages of massive sulphides composed of pyrrhotite, pyrite and chalcopyrite, which are generally contained in quartz-carbonate-chlorite veins. These passages are approximately 30 to 60 cm discontinuous over intervals of up to nearly 15 metres along the core, all within a very fine-grained gabbro.

Hole OBS-20-003 intersected the A-Po Zone at a vertical depth of 400 metres. This zone remains open both vertically and laterally. Geological observations to date show that the A-Po Zone shows a definite potential and supports the need for additional drilling.

A total of approximately 262 samples including control samples (QA-QC) were collected and shipped to ALS Global in Val-d'Or.

The second part of the three-hole program started this week and covers section 120 E. The targets are essentially the same as those on section 450 E at similar vertical depths.

In addition, the Corporation plans to conduct some drilling on Monster Lake East once the work on Obalski is completed. A forest intervention permit was filed this week with the MERN for work to be carried out before mid-April. The Corporation also plans to conduct a low-level Mag survey on Monster Lake West. The survey will be flown with lines spaced at 50-metre intervals at an average altitude of 20 metres above ground level for a total of 235 km.

Finally, the Corporation invites investors to view the interview and the following articles on TomaGold:

Video interview: https://www.youtube.com/watch?v=rYFgJ6Ru9vU&feature=youtu.be

Junior Gold Report: https://juniorgoldreport.com/tomagold-a-stock-worth-weighting-for/

SuperCharged Stocks: https://superchargedstocks.com/insight/tomagold-corporation-tsxv-lot-otc-togof/

The technical content of this press release has been reviewed and approved by Andr Jean, P.Eng., the Corporation’s Director of Exploration and a qualified person under National Instrument 43-101.

Comment by makinprofit on Jan 22, 2021 8:10am
Whoo Hoo! How exciting isn't it.
Comment by jeep91 on Jan 22, 2021 9:48am
Confirm historical data.....exactly why would historical data have been wrong when it was know that this is a gold bearing area for a century.  Grondin seems to like fluff words like "massive"....show me da gold!  
Comment by mario2007 on Jan 22, 2021 12:47pm
from what I understand, historical data are not valid for a 43-101unless confirmed by some drillings around. With some drillings we will be able to provide a 43-101 and include historical data. So yes this is a huge news. The final results will confirm the grade but we now know there is gold. It's like if we just did 60000m of drilling
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