TomaGold Corp. (TSXV: LOT) has obtained positive prospecting sampling results on its wholly owned Star Lake property, located 120km southeast of Radisson, in the James Bay area of Québec.
The company has also doubled the size of its Star Lake property to 214 map-designated claims over an area of 10,906 ha (or 109sq. km), the largest land position in the sector.
The property is characterised by multiple under-explored outcropping pegmatite intrusions that host unusual enrichment of rare earth elements and is located in one of the world’s most mining-friendly jurisdictions, with ample green energy sources.
In the northern fall of 2022, TomaGold asked Dahrouge Geological Consulting Ltd. to conduct a one-day prospecting visit on the property for the purpose of resampling historic grab samples containing anomalous rare earth element values.
A total of nine chip samples were collected in the area, with one returning a total of 3.95% TREO (18,974ppm Ce2O3, 10,849 ppm La2O3, 5,369ppm Nd2O3, 1,931ppm Pr2O3, 902ppm Sm2O3, 184ppm Dy2O3, 15ppm Eu2O3, 511ppm Gd2O3, 27ppm Ho2O3, 51ppm Tb2O3, 4ppm Tm2O3 and 608ppm Y2O3). That particular sample was from a pegmatite intrusion that lies near a shear zone mapped by the Geological Survey of Quebec and near the contact between two lithological units.
Given these promising results, TomaGold will organise a two-week-long prospecting campaign for early summer 2023.
“This initial TREO result, coupled with Star Lake’s historical results, seems to indicate that the property holds promising rare earth exploration potential, which we’ll be testing more this summer,” said David Grondin, President and CEO of TomaGold.
“Rare earth elements are increasingly sought after as they play a critical role in permanent magnets and modern electronic applications such as electric vehicles, which supports our decision to acquire the largest land position in this part of James Bay.
“It is an interesting fact that since we acquired our property last fall, several mining companies have acquired claims around us, which could lead to more exploration activity and greater recognition of the area going forward.”
For further information please visit: https://www.tomagoldcorp.com/en/