- Tomagold Corporation (LOT) has completed the induced polarization (IP) survey announced over the southern portion of its 100-per-cent-owned Obalski property
- The property is located 2 km south of Chibougamau, Quebec and covers 345 hectares
- The corporation expects to receive the results integrating the December 2021 and May 2022 surveys from Abitibi Geophysics in the coming weeks
- Tomagold has also granted 3,900,000 stock options its directors, officers and consultants
- TomaGold Corporation is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties
- TomaGold Corporation opened the day’s trading at $0.065 per share
Tomagold Corporation (LOT) has completed an induced polarization (IP) survey over the southern portion of its Obalski property.
The property is located 2 km south of Chibougamau, Quebec.
The corporation expects to receive the results integrating the December 2021 and May 2022 surveys from Abitibi Geophysics in the coming weeks.
The results of the survey will provide important data for the next drilling program on Obalski, scheduled for June-July 2022.
The corporation has also granted 3,900,000 stock options under its stock option plan to directors, officers, and consultants, entitling them to acquire the same number of common shares of the corporation for $0.10 per share for five years.
The Obalski property covers 345 hectares about 2 km south of Chibougamau, Quebec.
The Obalski deposit, which was discovered in 1928, produced 100,273 tonnes at grades of 1.14 per cent copper (Cu), 2.08 g/t gold (Au), and 6.04 g/t silver (Ag) from the A zone between 1964 to 1972, and around 9,000 tonnes at a reported grade of 8.5 g/t gold (Au) from the D zone in 1984.
TomaGold Corporation is a Canadian mineral exploration corporation engaged in acquiring, assessing, exploring, and developing gold mineral properties.
TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda.
TomaGold Corporation opened the day’s trading at $0.065 per share.