Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

More From The Market Herald

" Rock Tech Lithium (TSXV:RCK) announces results from Lithium Hydroxide Converter engineering study

Rock Tech Lithium (RCK) has announced the results of an engineering study for the merchant lithium hydroxide converter and refinery facility in Guben, Germany.

" Search Minerals (TSXV:SMY) announces $5M private placement

Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000.

" DLP Resources (TSXV:DLP) updates proposed private placement

DLP Resources (DLP) intends to complete an offering of up to 2,000,000 FT units for gross proceeds of $500,000.

" Advance United Holdings (CSE:AUHI) launches the Advance United Marketplace

Advance United Holdings (AUHI) has introduced a platform for owners of mineral commodities to connect with developers and producers.