Announcement Date: 2023-04-05
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: TomaGold Corp.
Project name: Obalski
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 27.75m at 0.84g/t Au from 451.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Montreal, Québec, April 5, 2023 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) is pleased to announce the results of the year-end 2022 drilling program on its wholly owned Obalski property, located 2 km south of Chibougamau, Quebec. In addition, the Corporation presents the results of reanalysis of selected samples from drilling on Obalski. “While this latest program has continued to intersect significant intersections on Obalski, we are particularly excited about the reanalysis results, which have increased certain historical gold grades significantly,” said David Grondin, President and CEO of TomaGold. “After extensive testing by independent laboratories, we have concluded that the mineral material on Obalski needs to be grinded finer at 90% instead of 70% for optimal results and that the best results appear to come from lower grade intersections that do not have a nugget effect. To further confirm our theory, close to 300 samples from previous drilling were sent to the laboratory for reanalysis.”
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