- TomaGold Corporation (LOT) has acquired 96 map-designated claims covering an area of 4,962.6 ha (or 50 km²)
- The claims are located 120 km southeast of Radisson and approximately 15 km south of the recently-acquired claims in James Bay
- The property will be known as Star Lake and has been the subject of geophysical surveys that have identified six rare earth element showings
- TomaGold is a mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, lithium and rare earth element projects
- TomaGold Corporation opened trading at $0.045 per share
TomaGold Corporation (LOT) has acquired 96 map-designated claims covering an area of 4,962.6 ha (or 50 km²).
The claims are located 120 km southeast of Radisson and approximately 15 km south of the recently-acquired claims in James Bay.
The property will be known as Star Lake and has been the subject of geophysical surveys that have identified six rare earth element showings.
“The last two claim acquisitions allow TomaGold to diversify its assets in the critical metals sector at low cost,” said David Grondin, President and CEO of TomaGold.
“The lithium and rare-earth element markets are growing rapidly due to the scarcity of these metals, and the acquisition of these properties represents opportunities that could not be passed up,” he added.
TomaGold has completed a recompilation of the available data and updated the set of surface samples discovered in 2008.
The corporation is excited to present some of the best results that will be the subject of future exploration work.
As part of the sampling work done in 2008, a total of 14 samples returned zirconium (Zr) values that met the maximum detection limit of 500 ppm and were not further tested to determine the true values.
Furthermore, the corporation will also perform additional work to properly evaluate those previous results.
TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, lithium and rare earth element projects.
TomaGold Corporation opened trading at $0.045 per share.