- TomaGold Corporation (LOT) has acquired a 100-per-cent interest in 38 claims from Noranda Royalties and 69 map-designated claims covering a total area of 55 km2
- The project was identified for its prospective nature of lithium mineralization in pegmatite dykes during the compilation of geological data by Noranda Royalties
- The company has also increased the size of its lithium property with the addition of map-designated claims
- TomaGold Corporation is a Canadian mineral exploration company
- TomaGold Corporation opened trading at $0.05 per share
TomaGold Corporation (LOT) has acquired 38 claims from Noranda Royalties and 69 map-designated claims covering a total area of 5,487.52 ha.
These claims are located near Zones 1, 2, 3 and 6 of the James Bay Lithium Brisk project optioned by Monger Gold and along and south of the Trans-Taiga regional road and power line infrastructure, approximately 5 km from the LG-3 airport.
The project was identified for its prospective nature of lithium mineralization in pegmatite dykes during the compilation of geological data by Noranda Royalties. The project hosts several known pegmatite dyke outcrops.
With the exception of a historical spodumene-bearing pegmatite showing that was identified by the Quebec Ministry of Energy and Natural Resources on June 17, 2015, there has been no lithium exploration activity on the project.
In addition to this acquisition, the corporation has also increased the size of its lithium property with the addition of map-designated claims. This allows it to be even better positioned in an area where exploration activity has been sustained for several months.
The corporation will soon begin a sampling and prospecting program on its entire property.
The 2,947-metre drilling program on Obalski has been completed, and all samples have been sent to the ALS Global laboratory for analysis.
A total of six holes were drilled in the new zone to the south which was identified by the 3D induced polarization (IP) survey conducted this winter.
The corporation plans to carry out new IP geophysical surveys in these last six holes and old holes deemed relevant in the same area.
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 $0.05 per share.
