- TomaGold (LOT) has discovered gold-bearing structures at its Obalski Property in Chibougamau, Quebec
- Highlights include 1.41 g/t gold over 28.50 m, including 6.84 g/t gold over 1.50 m and 4.03 g/t gold over 4.50 m
- CEO David Grondin sat down with Caroline Egan to discuss the discovery
- TomaGold is engaged in the acquisition, assessment, exploration and development of gold mineral properties
- TomaGold (LOT) is unchanged trading at $0.07 per share
TomaGold (LOT) has discovered gold-bearing structures at its Obalski Property in Chibougamau, Quebec.
Drill highlights include:
- Hole OBS-21-009: 1.41 g/t gold over 28.50 m, including 6.84 g/t gold over 1.50 m and 4.03 g/t gold over 4.50 m
- Hole OBS-21-010A: 0.33 g/t gold over 54.80 m, including 1.44 g/t gold over 3.50 m
- Hole OBS-21-010: 0.32 g/t gold over 45.95 m
- Hole OBS-21-012: 0.39 g/t gold over 27.50 m
- Hole OBS-21-007: 0.43 g/t gold over 20.75 m
The results stem from the first phase of its 11,500 m drilling program on the property. The corporation is awaiting results for the last three holes.
This phase follows the 2,502 m winter 2020–2021 program, which intersected several high-grade gold and copper values, including 47.4 g/t gold, 87.6 g/t silver and 7.06 per cent copper over 1.1 m, and 67.1 g/t gold, 40.1 g/t silver and 2.32 per cent copper over 0.5 m.
CEO David Grondin sat down with Caroline Egan to discuss the discovery at the historic project.
TomaGold is engaged in the acquisition, assessment, exploration and development of gold mineral properties. It holds interests in properties in Quebec and Ontario.
TomaGold (LOT) is unchanged trading at $0.07 per share as of 10:30 am ET.