Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: TomaGold Corp.
Project name: Obalski
Location: Canada
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 3.2m @ 23.78g/t Au, 16.55g/t Ag, 1.0% Cu from 330m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Montreal, Quebec, November 29, 2021 – TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) is pleased to report the results for the last three holes of phase I of its 11,500-metre drilling program on its wholly-owned Obalski property in Chibougamau, Quebec. Phase I, which started on July 10, 2021, consisted of 15 holes totalling 7,253 m. The results of the first 12 holes were reported in a press release dated November 10, 2021. “While the Obalski property has historically returned high-grade results from near surface, with this program we focused on identifying mineralization at depth,” said David Grondin, President and CEO of TomaGold. “I am pleased to report that our first phase of drilling at depth has been a real success, with the discovery of large, low-grade intersections combined with shorter, high-grade intersections. Based on the results, we have significantly upgraded our assessment of Obalski’s mineral potential. In phase II of the program, which starts today, we will continue drilling at depth, on sections 300+00 E, 350+00 E, 400+00 E and finally 450+00 E. To optimize phase II of the program, we will combine the phase I results with the results of gyroscopic surveys currently being conducted in historical holes.” The following table presents the best results obtained for gold, silver and copper for the last three holes of phase I
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