TomaGold Corporation (TSXV:LOT) (OTCQB: TOGOF) has received promising initial results from the first phase of its 11,500m drilling programme that began on July 10, 2021 on its wholly-owned Obalski property in Chibougamau, Quebec.
The first phase of drilling consists of 14 holes for 4,751 m and a 263 m wedge hole.
President and CEO, David Grondin, said the Corporation is awaiting results for the last three holes.
“During this first round of drilling we discovered much larger gold structures than were previously known. Furthermore, these structures appear to be widening at depth. As is the case with many deposits in the Chibougamau mining camp, Obalski appears to have excellent potential at depth, as very few holes over 300 m long have been drilled on this property,” Mr Grondin said.
“Our next round of drilling, combined with the gyroscopic survey results, will allow us to better understand the mineral potential of Obalski at depth.”
This phase of work took place on sections 120+00 E, 150+00 E, 200+00 E and 250+00 E and follows the 2,502-metre winter 2020–2021 programme, which intersected several high-grade gold and copper values, including 47.4 g/t Au, 87.6 g/t Ag and 7.06% Cu over 1.1 metres and 67.1 g/t Au, 40.1 g/t Ag and 2.32% Cu over 0.5 metres in hole OBS-20-002; 12.45 g/t Au, 17.7 g/t Ag and 0.53% Cu over 0.65 metres in hole OBS-20-001; and 23.7 g/t Au and 24.5 g/t Ag over 0.5 metres in hole OBS-21-005.
Holes OBS-21-006 and OBS-21-007 on section 120+00 E were extended to test for mineralised zones. No mineralised zone was encountered in hole OBS-21-006A while hole OBS-21-007 intersected a mineralised zone that graded 0.43 g/t Au over 20.75 m, including 4.80 g/t Au over 2.50 m.
Holes OBS-21-008, OBS-21-009 and OBS-21-010 were drilled on section 150+00 E and all intercepted the A-Po Zone, with OBS-21-008 grading 0.85 g/t Au over 12.55 m, OBS-21-009 grading 1.41 g/t Au over 28.50 m and OBS-21-010A grading 0.33 g/t Au over 54.80 m. Major technical problems were encountered in hole OBS-21-010, which forced drilling to stop at 490 m. A wedge was inserted at 387 m to continue drilling to a final depth of 650 m.
Holes OBS-21-011, OBS-21-012 and OBS-21-013 were drilled on section 200+00 E. Hole OBS-21-011 intersected the A-Po zone over more than 20 m but assays returned low gold values, with the best value grading 1.6 g/t Au over 0.50 m. Hole OBS-21-012 intersected the A-Po Zone with 0.39 g/t Au over 27.50 m. Hole OBS-21-013 also intersected the A-Po Zone over 11.10 m and assays are currently being processed at the laboratory.
Holes OBS-21-014 and OBS-21-015 were drilled on section 250+00 E. Hole OBS-21-014 intersected the A-Po zone over 9.60 m and hole OBS-21-015 intersected the same zone over a length of just under 5 m. Assays are currently being processed at the laboratory.
For further information please visit: https://www.tomagoldcorp.com